‘India to beat China in chip funding’

GANDHINAGAR: India will pip China in bagging multi-billion-dollar semiconductor investments, the government has said. India is set to sign deals for up to 2 mega units by October-November that will manufacture the silicon fab, apart from compound fab units, it said.

Minister of state for IT & electronics, Rajeev Chandrasekhar said companies will invest because of a strong demand curve for the precious commodity and as the country emerges as a trusted partner in the electronics ecosystem.