Tokyo Electron readies for India foray as PM Modi woos chipmakers

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Tokyo Electron readies for India foray as PM Modi woos chipmakers - Business Standard

Quick Summary:

Robotics will play a growing role and local staff will be provided with in-person and remote support from Japan, he added, declining to specify how many people the company would need to hire.

Such moves won’t affect global appetite for chipmaking machines, 61-year-old Kawai said.“The importance of semiconductors remains unchanged,” he said in an interview.“There will always be investment somewhere.

Modi’s administration has so far approved more than $15 billion worth of semiconductor investments, including US memory maker Micron Technology Inc.’s plan for a $2.75 billion assembly facility.