India and Thailand jockey for spot on Asia’s chipmaking map

BANGKOK/MUMBAI/HANOI — The full-fledged entry of India and Thailand into the race for semiconductor-manufacturing investment has symbolized the flurry of activity to redraw the industrial map in Asia.

At the opening of SemiconIndia 2023 industry event in late July, Indian Prime Minister Narendra Modi played up the strengths his country has to offer the global chip industry.