At the recent “Taiwan-India Semiconductor Forum” held during SEMICON Taiwan 2025, the India Taipei Association (ITA) highlighted significant developments in India’s semiconductor sector. Amitesh Sinha, CEO of the India Semiconductor Mission (ISM), disclosed that the joint venture between India’s HCL Group and Taiwan’s Hon Hai Precision Industry (Foxconn) has become the sixth project approved for subsidies under India’s semiconductor initiative. India plans to expand its semiconductor capabilities, not only in silicon chip production but also in compound semiconductor research and manufacturing, with investments ongoing across various segments, including printed circuit boards, packaging, testing, and materials.