The Vedanta-Foxconn joint venture’s untimely demise has some ominous lessons. A policy push by India on semiconductors began a year-and-a-half ago, but not even a single fab proposal has materialised. As India seeks to emerge as a semiconductor hub, tapping a wide global consensus on ‘de-risking’ from China, can Taiwan give wings to New Delhi’s fab dreams?
The production of the most advanced lithography tools is done by just one company, ASML in the Netherlands, which has 100% market share — Chris Miller, author of Chip War. In Chip War, considered a compelling account of the global semiconductor industry, Miller warns about the dangers of a concentrated semiconductor supply chain. Chip War elucidates the earliest stage of a chip’s production and how there are “choke points” throughout the supply
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