WHAT'S THE MOST critical piece of electronics in the modern world? No prizes for guessing it's the chip, a tiny slice of silicon that has billions of integrated circuits wired into it. Programmed with software, the chip (or SoC, system-on-a-chip) powers practically every electronic device that you own the car (yes, it qualifies as an electronic device now), your laptop, smartphone, washing machine, refrigerator, etc.-and don't own, too, such as modern manufacturing plants and warehouses that leverage Industry 4.0 tools, trucks with GPS trackers, and also the electronics used in defence equipment and weaponry. In fact, the modern automobile has anywhere between 2,000 and 3,000 chips, depending on who you're talking to and how much you're spending to buy it-the more expensive the car, the more features it has and, ergo, the more chips it needs.
So, what happens when there's a squeeze on the production of chips? Mayhem. That's what happened during the Covid-19 pandemic, when chip production fell. Automobiles were the most visible casualty, with manufacturing plants unable to churn out cars, dealers' inventories running empty, and full factories shutting down around the world. Many other industries were also affected, globally and in India.
And so, what do you as a country, as a government, do? Well, you either wait in queue, hoping that the supply lines are able to meet your demand soon. Or you take the plunge and jolly well build the darn thing in your own country. It takes a brave government to go over that ledge because building an ecosystem that manufactures chips is a treacherous, painfully long, and no-guarantee-of-the-harness-holding-up kind of bungee jump in the dark.
And so it was that in December 2021, India announced an incentive plan of around $10 billion (`76,000 crore) to attract firms that would help the country build an ecosystem for chip manufacturing.
Diese Geschichte stammt aus der March 19, 2023-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 19, 2023-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky