India’s Mission Semiconductor: Taking a chip leap

A global chip shortage, sparked by the Covid-19 pandemic in early 2020, severely impacted manufacturing around the world. Automobile, consumer and industrial electronics, computing and data storage, and wireless communication were among the worst-hit sectors. Global auto production slumped by 26% due to acute chip shortage during the first three quarters of 2021. Automakers in India were forced to cut output by up to 40% during this period.