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India's tax plan could ruin its chip dreams
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India's tax plan could ruin its chip dreams
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27th February 2024, 08:15
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,738
 |  India's tax plan could ruin its chip dreams Making the global shortage worse India's plan to let a ban on imposing customs duties on cross-border digital e-commerce transactions run out may scupper India's more ambitious plans to become a global chip leader in the next five years, the industry has warned. The World Semiconductor Council (WSC) sent a letter to Indian Prime Minister Narendra Modi warning bringing the customs duties in place could worsen the global chip shortage by hiking up semiconductor industry costs at a time when many governments worldwide are splashing out on expanding domestic chip supplies to keep up with rapidly advancing technologies. https://fudzilla.com/news/58519-indi...ts-chip-dreams |
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