Prime Minister Narendra Modi outlined India’s vision to become a global semiconductor hub, aiming for a $500 billion domestic electronics market by 2030. This ambitious plan involves massive investments, training programs, and partnerships with leading technology companies, solidifying India’s position as a key player in the global chip supply chain.
China’s relentless investment in semiconductor technology, exceeding $25 billion in the first half of 2024, is shaking up the global chip industry. This massive spending, exceeding that of leading chip producers like South Korea, Taiwan, and the US, signifies China’s determination to achieve semiconductor independence. The move threatens to impact sales of top chipmakers like NVIDIA and ASML, raising concerns about the future of the global semiconductor supply chain.
In an interview on ‘Closing Bell Overtime,’ Freeport-McMoRan CEO Richard Adkerson shared his insights on the global commodity supply chain, metal commodity demand, and market conditions in China. He highlighted the challenges faced by the industry and emphasized the importance of addressing supply-side issues to meet growing demand.
