Centre’s semiconductor push could cut chip imports by $20 bn: McKinsey

New Delhi: The central government’s endeavours to develop the Indian semiconductor industry will help reduce the country’s reliance on imported chips by an estimated $10 billion to $20 billion, said a report by a major consultancy firm, McKinsey.

According to the firm, India must combine targeted government incentives with strategic collaborations involving global technology giants to accelerate the growth of its semiconductor industry.