India is developing advanced chipsets that will be able to run various high-tech applications, including CCTVs, Minister for Electronics and Information Technology Ashwini Vaishnaw said on Saturday, highlighting the country's rapid strides in indigenous capabilities.
India's semiconductor industry is growing but faces significant challenges such as an underdeveloped supply chain, a shortage of specialized manufacturing talent, global competition, and rapidly evolving technology, according to a report by Jefferies.
Chairman John Moolenaar and Ranking Member Raja Krishnamoorthi of the Select Committee on the Chinese Communist Party (SCCCP) have urged the U.S. Secretary of Commerce Gina Raimondo to take immediate action against Huawei's rapid development of semiconductor fabrication facilities.
Young Liu said that his trip to India supported Foxconn's efforts to deepen partnerships in new sectors such as semiconductor development and electric vehicles.