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India and Thailand jockey for spot on Asia's chipmaking map

Asian rivals roll out red carpet for global investments in local industries

Indian Prime Minister Narendra Modi speaks at SemiconIndia 2023 in the western state of Gujarat on July 28. (Photo by Ryosuke Hanada)

BANGKOK/MUMBAI/HANOI -- The full-fledged entry of India and Thailand into the race for semiconductor-manufacturing investment has symbolized the flurry of activity to redraw the industrial map in Asia.

At the opening of the SemiconIndia 2023 industry event in late July, Indian Prime Minister Narendra Modi played up the strengths his country has to offer the global chip industry.

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