And here is the first, really unpleasant news for China:
The Indian government has launched a $15 billion project to build three factories to produce semiconductor integrated circuits.
This was reported by Hindustan Times with reference to the words of Indian Prime Minister Narendra Modi.
Tata Electronics Private Limited is expected to build a chip factory in the western state of Gujarat, which will be the country's first semiconductor manufacturing facility.
Another company from the same industrial group will build a semiconductor assembly and testing plant in the northeastern state of Assam.
Another plant where chips will be assembled and tested will be created by the Indian electrical equipment manufacturer CG Power and Industrial Solutions Limited in the state of Gujarat.
The Indian government estimates that the total investment in the three projects will be more than 1.25 trillion rupees, or about $15 billion.
The monopoly on the production of mass chips is beginning to slip away from China's hands....