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Indian PM Modi vows to build semiconductor production hub

Government offers $10bn in incentives to attract global chipmakers

Narendra Modi told a semiconductor industry event in Bengaluru today that "a new world order is forming and we have to seize the opportunity." (Photo by Ryosuke Hanada)

BENGALURU -- Indian Prime Minister Narendra Modi talked on Friday at the opening of Semicon India 2022 about seizing the opportunity to establish India as a semiconductor manufacturing hub of "high quality and high reliability."

Modi's statements come as his government rolls out a slew of incentives to attract global chipmakers to manufacture in India.

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