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Amidst the deglobalization trends and geopolitical maneuvers in the semiconductor industry, India has swiftly emerged as a strategic hub for leading international chip companies. Renesas Electronics' initiation of research and development into 3nm advanced manufacturing processes, and Foxconn's collaboration with HCL to establish a semiconductor packaging facility, signify India's comprehensive development across the entire chip design, manufacturing, and packaging chain. The Indian government is firmly behind this industry, aiming to achieve a semiconductor production value of $109 billion by 2030, capturing 10% of the global market. Despite challenges in technology and supply chains, which necessitate external assistance, India's burgeoning semiconductor industry is viewed as a pivotal transformation in the global semiconductor landscape.
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