iPhone Maker Foxconn Reportedly Expands In India Amid Claims Apple Wants To Bolster Manufacturing There
ForbesMAR 31 2023
The Spin
Narrative A
Modi's vision of India competing with the world's powerhouses is growing fainter with each stalled project. Billions of dollars in chipmaking investments are stuck in limbo as companies remain hesitant to pull the trigger on developments, sometimes stemming from concerns over India's much-touted incentives in chipmaking. For the time being, India will remain a destination, not a source, of the world's semiconductors.
Narrative B
In spite of dire predictions, this setback doesn't affect India's chipmaking trajectory whatsoever, as Foxconn has already reapplied for government incentives to pursue semiconductor investments in the country. India's chipmaking industry will be a global leader in the near future as companies, including Foxconn, continue to court the Indian government in an effort to tap into this lucrative market.