As Prime Minister Narendra Modi seeks to make India the chipmaker for the world, the Indian government on Thursday (Feb 29) approved the construction of three semiconductor plants worth $15.

India as chipmaker for world: Govt approves semiconductor plant investments worth $15bn

In a bid to bolster semiconductor manufacturing in India, Prime Minister Narendra Modi has extended invitations to two major American chip makers, Micron Technology and Applied Materials.

PM Modi invites Micron Technology and Applied Materials to boost semiconductor manufacturing in India

On Tuesday, Vedanta Ltd. and Foxconn of Taiwan finalised an agreement to invest $19.5 billion (INR 1.54 trillion) to build semiconductor and display manufacturing facilities in India's western state of Gujarat.

Vedanta, Foxconn to invest $19.5 billion for semiconductor project in Indian PM Modi's home state Gujarat