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Industry leaders at Moneycontrol’s UP Tech Next Summit said India’s chip ambition hinges on two gaps: domestic foundry capacity to turn design IPs into products, and a reliable supply chain spanning materials, packaging and test. IndieSemiC’s Nikul Shah argued India must create a foundry ecosystem to make “affordable chips,” while others flagged talent, R&D and startup support as parallel priorities. The meet came amid UP’s push to position itself as a semiconductor hub.
