The CEOs of Micron and Cadence and execs at Applied Materials and AMD were present at a semiconductor event in India alongside Prime Minister Narendra Modi.
"For the first time in India's history, geopolitics, domestic policies and private sector capacity are aligned in India's favor to become a player in semiconductor production," Manocha said during a keynote speech.The event with some of the world's biggest chip firms highlights India's ambitions to become a major hub for semiconductors alongside the likes of the U.S., Taiwan and South Korea.India's chip strategy consists of two major parts.
AMD said it plans to invest around $400 million in India over the next five years. This includes a new campus in Bangalore that will be the company's largest design center. "We are hopeful that this investment will help catalyze other investments in the sector, strengthen indigenous manufacturing capability, encourage innovation and support broader job creation," Sanjay Mehrotra, CEO of Micron, said on Friday.Foxconn's India setback
Still, it hasn't seemed to deter both companies. Liu's presence at the event signals Foxconn's ambition to invest in India. Liu told CNBC-TV18 on Friday that Foxconn is looking to invest $2 billion in India over the next five years.
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