India won't become a semiconductor superpower anytime soon, says think tank

$10 billion subsidies predicted to deliver just five modest fabs by 2029
India's drive to become a semiconductor superpower is likely to result in the creation of just five chip fabs by the year 2029, and the most sophisticated output from those facilities will be chips built on a 28nm process, according to US think tank the Information Technology and Innovation Foundation (ITIF).…