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India woos U.S. chip giants as it aims to become a semiconductor giant

Source: cnbc.com cnbc.com
News Snapshot:

Indian Prime Minister Narendra Modi has looked to woo American semiconductor firms to invest in his country. Anna Moneymaker | Getty Images Chief executives of some of the U.S.'s top semiconductor firms poured praise on India's technology sector at an event on Friday attended by Prime Minister Narendra Modi as the world's fifth-largest economy looks to position itself as a global chip powerhouse. The CEOs of Micron and Cadence and senior executives at Applied Materials and AMD were on stage at SemiconIndia alongside Modi, speaking about their investments in India's chip market. Ajit Manocha, the CEO of U.S.-based industry body…

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