{"id":7215,"date":"2023-09-05T22:54:54","date_gmt":"2023-09-05T22:54:54","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/nvidia-ceo-heads-to-india-a-sign-of-the-countrys-ai-chip-making-ambitions\/"},"modified":"2023-09-05T22:54:55","modified_gmt":"2023-09-05T22:54:55","slug":"nvidia-ceo-heads-to-india-a-sign-of-the-countrys-ai-chip-making-ambitions","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=7215","title":{"rendered":"Nvidia CEO Heads to India. A Sign of the Country’s AI Chip-Making Ambitions."},"content":{"rendered":"
\n
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<\/p>\n

<\/p>\n<\/figure><\/div>\n

\n Nvidia
\n CEO Jensen Huang is a man in demand and his movements bear watching. His latest meeting with India\u2019s Prime Minister Narendra Modi could be a clue to the hopes of making India a new chip-manufacturing hub.\u00a0<\/p>\n

Huang met with Modi on Monday evening ahead of the Group of 20 summit between international leaders to be held in Delhi on Sept. 9-10.\u00a0<\/p>\n

\n

\u201cWe talked at length about the rich potential India offers in the world of AI [artificial intelligence\u2019,\u201d said Modi, in a post on social-media network X, formerly Twitter.\u00a0<\/p>\n

India has plenty of developers using
\n Nvidia
\n (ticker: NVDA) technology but the real prize would be to make the country an alternative for advanced semiconductor manufacturing to Taiwan in the face of China\u2019s claims on the self-ruled island.\u00a0<\/p>\n

India is still a long way from being a useful alternative to Taiwan. Its biggest proposed chip-manufacturing project was a collaboration worth nearly $20 billion between Taiwan\u2019s
\n Foxconn Technology
\n (2354.Taiwan) and Indian resources conglomerate
\n Vedanta
\n (500295.India) to set up a semiconductor plant in Gujarat, the home state of Modi. However, the partners ended the collaboration in July, with experts noting the two companies had a lack of experience in the field.\u00a0<\/p>\n

On the other hand, that could leave the path open to other options. The biggest catch for India would be to attract
\n Taiwan Semiconductor Manufacturing
\n (TSM), the world\u2019s largest contract chip maker and the manufacturer of Nvidia\u2019s most advanced semiconductors. <\/p>\n

Taiwan Semiconductor is investing in the U.S. and several other countries to expand its facilities outside Taiwan. Indian newspaper The Economic Times reported in July that Foxconn was in talks with Taiwan Semiconductor about a potential joint venture.<\/p>\n

Neither Nvidia nor Modi mentioned chip-plant investment in their statements after the meeting but it\u2019s hard to imagine it didn\u2019t come up considering the Indian leader\u2019s priority to expand the country\u2019s high-tech manufacturing sector. The global battle for chip making is still under way and India is keen to play its part. <\/p>\n

Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nvidia CEO Jensen Huang is a man in demand and his movements bear watching. His latest meeting with India\u2019s Prime Minister Narendra Modi could be a clue to the hopes of making India a new chip-manufacturing hub.\u00a0 Huang met with Modi on Monday evening ahead of the Group of 20 summit between international leaders to […]<\/p>\n","protected":false},"author":1,"featured_media":7216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-7215","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nNvidia CEO Heads to India. A Sign of the Country's AI Chip-Making Ambitions. | Prosfunds<\/title>\n<meta name=\"description\" content=\"Nvidia CEO Jensen Huang is a man in demand and his movements bear watching. 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