How China Could Swamp India's Chip Ambitions.

India's ambitions to become a global leader in chip manufacturing may face challenges due to China's dominance in legacy chip making and its aggressive expansion in the industry. China is set to add more chip-making capacity than the rest of the world combined in 2024, which will compress margins for everyone and make it difficult for new small-scale players. Additionally, India's lack of upstream industrial capacity, infrastructure challenges, and high government debt pose obstacles to its chip-making plans. While India's success in chip manufacturing is crucial for attracting other chip makers to the country, the risks and challenges involved in competing with China's dominance should be carefully considered. [Extracted from the article]