Watch: Bharatvaarta Podcast On The Road Ahead For Semiconductor Industry

The 2020–2022 global chip shortage is an ongoing crisis in which the demand for integrated circuits (commonly known as semiconductor chips) is greater than the supply, affecting more than 169 industries and has led to major price increases, shortages and queues amongst consumers for automobiles, graphics cards, video game consoles, computers, and other products that require semiconductors.

Commonly cited causes for the shortage include the COVID-19 pandemic, the China–United States trade war, and various severe weather incidents. The Indian government has announced a 76,000 crore scheme to boost semiconductor and display manufacturing in the country.

We're also seeing inter-country talks between India and Taiwan, with TSMC and UMC looking to set up a facility in India. Can this lead to India being the hub for semiconductors in the future?