My exclusive today: Foxconn and the Taiwanese government mulling plans to skill Indian workers for the semiconductor industry
If plan succeeds, ๐ฎ๐ณ could become major force in global chip wars
A short๐งต(1/8)
livemint.com
If plan succeeds, ๐ฎ๐ณ could become major force in global chip wars
A short๐งต(1/8)
livemint.com
(2/8)
The basics: Semiconductors (or chips) make the world go around
Used in everyday electronic devices like phones as well as cutting-edge military equipment
Currently, ๐ฎ๐ณ is 100% import dependent for these vital chips & spends $24 bn/yr buying them from๐จ๐ณ & Taiwan
The basics: Semiconductors (or chips) make the world go around
Used in everyday electronic devices like phones as well as cutting-edge military equipment
Currently, ๐ฎ๐ณ is 100% import dependent for these vital chips & spends $24 bn/yr buying them from๐จ๐ณ & Taiwan
(3/8)
This can be a major threat as ๐ฎ๐ณ found out in 2021
Shortage in chip production due to COVID-19 pandemic brought India's car industry to its knees
In response, ๐ฎ๐ณ's govt. unveiled the Production Linked Incentive (PLI) scheme to attract chipmakers
outlookindia.com
This can be a major threat as ๐ฎ๐ณ found out in 2021
Shortage in chip production due to COVID-19 pandemic brought India's car industry to its knees
In response, ๐ฎ๐ณ's govt. unveiled the Production Linked Incentive (PLI) scheme to attract chipmakers
outlookindia.com
(4/8)
Global chips market is ~$600 billion & expected to๐to ~$1.4 trillion by 2029;๐ฎ๐ณ wants a piece of that
As ๐ฎ๐ณ is a major market for electronics, numerous global chipmakers interested in setting up shop here
Taiwan's Foxconn, which makes Apple's iPhone, is among them
Global chips market is ~$600 billion & expected to๐to ~$1.4 trillion by 2029;๐ฎ๐ณ wants a piece of that
As ๐ฎ๐ณ is a major market for electronics, numerous global chipmakers interested in setting up shop here
Taiwan's Foxconn, which makes Apple's iPhone, is among them
(5/8)
Foxconn, which is the world's largest electronics manufacturer, announced plans to tie up w. ๐ฎ๐ณ mining firm Vedanta to set up chip fabrication facility in Gujarat
But there's a problem: ๐ฎ๐ณ lacks the large number of specialist engineers needed to manufacture those chips
Foxconn, which is the world's largest electronics manufacturer, announced plans to tie up w. ๐ฎ๐ณ mining firm Vedanta to set up chip fabrication facility in Gujarat
But there's a problem: ๐ฎ๐ณ lacks the large number of specialist engineers needed to manufacture those chips
(6/8)
That's where my story comes in: Taiwan's govt is considering a collab w. Foxconn
๐น๐ผ runs Taiwan Education Centres in India that teach Mandarin
The plan is to use these TECs to provide ๐ฎ๐ณ engineers language skills & specialised chipmaking techniques
That's where my story comes in: Taiwan's govt is considering a collab w. Foxconn
๐น๐ผ runs Taiwan Education Centres in India that teach Mandarin
The plan is to use these TECs to provide ๐ฎ๐ณ engineers language skills & specialised chipmaking techniques
(7/8)
Why That Matters
-World has major shortage of skilled semiconductor engineers
-๐บ๐ธ has 90k vacancies, ๐จ๐ณ has 350-400k & even๐น๐ผ needs 34k engineers
If ๐น๐ผ's plan work, ๐ฎ๐ณ can use its massive pool of technical talent to build up domestic chip industry & meet foreign needs
Why That Matters
-World has major shortage of skilled semiconductor engineers
-๐บ๐ธ has 90k vacancies, ๐จ๐ณ has 350-400k & even๐น๐ผ needs 34k engineers
If ๐น๐ผ's plan work, ๐ฎ๐ณ can use its massive pool of technical talent to build up domestic chip industry & meet foreign needs
(8/8)
Added Mandarin language skills will give ๐ฎ๐ณ engineers an edge in working w. Taiwanese companies
This will bring major econ. benefits, thousands of jobs & will also make ๐ฎ๐ณ a major force in the global chip wars
Added Mandarin language skills will give ๐ฎ๐ณ engineers an edge in working w. Taiwanese companies
This will bring major econ. benefits, thousands of jobs & will also make ๐ฎ๐ณ a major force in the global chip wars
Many thanks to @gulveenaulakh_ , the co-author on this story
Loading suggestions...