India’s Gujarat holding talks with Japan, US firms as Modi eyes chipmaking hub

GANDHINAGAR, India: India’s Gujarat state is in talks with chipmakers in Japan, South Korea and the United States for investments in the state, its top minister said on Thursday, in pursuit of India’s ambitions of becoming a chipmaker for the world.

Semiconductor manufacturing is one of Prime Minister Narendra Modi’s key business agendas but initial bids to offer $10 billion in incentives to the chipmaking industry have floundered, with some proposals stalled or cancelled.