India Just Signed Its Most Consequential Chip Deal. The Hard Part Starts Now.

AI Summary

India's recent agreement with Tata and ASML marks a significant advancement in its semiconductor sector, placing the country in a vital technology alliance. However, challenges persist as China controls essential components for chip production.

The Tata-ASML MoU puts India inside the world’s most exclusive technology partnership, but Beijing still controls the inputs used to make chips.