Parag Naik, co-founder and CEO of Saankhya, says more than the foundry, a lack of a robust fabless semiconductor ecosystem that includes buyers, original equipment manufacturers (OEMs), marketing folk, and a robust OSAT (outsourced semiconductor assembly and testing) base has been the problem. Developing an ecosystem is a long term process and the government should support it.

https://the-ken.com/story/tsmc-intel-samsung-unlikely-to-chip-in-india-could-use-diy-in-semicon/