TAIPEI (Taiwan News) — Taipei and New Delhi are discussing plans to set up a fab in India, in addition to reducing tariffs on components used in chip production by the end of the year. Sources told Bloomberg that Taiwanese and Indian officials have recently discussed setting up a US$7.5 billion (NT$208 billion) chip plant in India that could produce semiconductors for things like 5G products and electric cars. India is evaluating viable locations that have enough land, water, and workers, and the South Asian country would put up 50% of capital expenditure from 2023 along with tax breaks and…