INFORMATION

2022-10-04 09:53:00

On October 3rd, BNN Bloomberg [1] released that Federal Union Prime Minister, Modi announced a $ 1.2 trillion infrastructure development plan to snatch factories to India from China. The Plan includes digital platform which enables 16 of Union Ministry to integrate, railway, road and port, etc.

 

In August, the Biden Administration enacted the Chips & Science Act [2], which provides $54.2 billion in financial assistance and domestic human resource development to attract semiconductor factories to the United States. Companies that receive loans under this law will not be able to manufacture advanced memory in China for 10 years from the day they receive the loans.

 

What will Korean semiconductor companies with factories in China address? It seems likely that a tremor that surpasses. What will Korean semiconductor companies with factories in China address? It is highly likely that a tremor that surpasses the Japan-U.S. semiconductor friction of 1987 will erupt between the U.S. and China. of 1987 will erupt between the U.S. and China.

 

The supply chain related to semiconductor manufacturing, including that of Japan, is also likely to change drastically. Is this a good opportunity for India?

 

[1]https://www.bnnbloomberg.ca/india-has-a-1-2-trillion-plan-to-snatch-factories-from-china-1.1827077

 

[2]https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/09/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china/

 

HS-TECH ENGINEERING (based in Bangkok) supports clients' business expansion and manufacturing in India through our robust networks in India.