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Taiwan keen to help India become leader in semiconductor space
Taiwan is keen to collaborate with India and help it become a leader in the semiconductor space, Jason Ho, chairman of the Taiwan Chamber of Commerce in India, said, asserting that the Taiwanese companies have the supply chain for things that the Indian market needs. (Photograph: Jason Lee/Reuters)
Dr.G.R.Balakrishnan Apr 30 2024 Logistics (Supply Chain Management)

Taiwan keen to help India become leader in semiconductor space

Manufacturing semiconductors — used in electric and hybrid cars, drones, and communication devices — is fairly complicated, entails huge investment, and can be a cumbersome process.

Since Taiwan has already established itself as one of the key global chipmakers, collaboration with India in this space can be a win-win for both side

Taiwan's exports to India reached $6.013 billion in 2023, marking a 13 per cent growth, and positioning India as the 12th largest export market for Taiwan.

On the import side, Taiwan imported goods worth $2.211 billion from India, a decrease of 29.62 per cent from 2022.

India stands as the 25th largest import source for Taiwan.