Tokyo Electron Prepares India Expansion as Modi Lures Chipmakers [Financial Post (Toronto, Ontario, Canada)]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Tokyo Electron Ltd. seeks to build a team of chip engineers in India to better ride the Modi government's push for more semiconductor manufacturing in the world's most populous country. Japan's biggest chip equipment maker plans to hire and train local engineers in or around 2026, with their first task to provide technical services to Tata Electronics Pvt, Chief Executive Officer Toshiki Kawai said. Robotics will play a growing role and local staff will be provided with in-person and remote support from Japan, he added, declining to specify how many people the company would need to hire. India is amping up efforts to attract international electronics companies and chipmakers to set up facilities within its borders, under a plan by the Narendra Modi administration to close the tech gap with advanced economies. Apple Inc. is accelerating its product
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