India and Thailand are vying for semiconductor manufacturing investments to establish themselves as key players in Asia’s chipmaking industry. With China and the US engaged in a chip war, India has positioned itself as an alternative option and is exploring every opportunity to be recognized as a major player in the supply chain. In a speech at the SemiconIndia 2023 industry event, Prime Minister Narendra Modi showcased the strengths of his country’s semiconductor industry. India’s government has approved the Modified Programme for Development of Semiconductors and Display Manufacturing, providing incentives for companies involved in various segments of the semiconductor sector. Micron Technology Inc. has also received approval to set up a semiconductor unit in India, with a significant capital investment. These developments signal a shift in the chipmaking landscape. Similarly, Thailand is making strides in attracting semiconductor companies, particularly those engaged in front-end processes. The Thai government has expanded tax breaks for chip companies, positioning Thailand as an attractive investment destination. Additionally, Thailand is focusing on developing its electric-vehicle sector, recognizing the significant role semiconductors play in EV technology. The country aims to leverage its advantages in enticing semiconductor companies amidst the Sino-American tensions. Both India and Thailand are aware of the changing dynamics in the chipmaking industry and are positioning themselves to secure their spots in the evolving landscape.