Indian chemical firms turn to foreign partners to crack chip supply chains

What happened: Indian chemical companies are entering the semiconductor industry amid the country's chip supply chain push, with some seeking foreign joint ventures to access purification technology and customers. Why it matters: Meeting chip fabrication standards requires purification technology and customers that Indian businesses lack, so foreign tie-ups are seen as a way to speed up the process, while some firms bet on a Tata Electronics fab in Gujarat to build their customer base. Key numbers: No specific figures provided.

Indian chemical companies are entering the semiconductor industry amid the country's chip supply chain push, with some seeking foreign joint ventures to access purification technology and customers.

Meeting chip fabrication standards requires purification technology and customers that Indian businesses lack, so foreign tie-ups are seen as a way to speed up the process, while some firms bet on a Tata Electronics fab in Gujarat to build their customer base. Key numbers: No specific figures provided.