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New Delhi launched the second phase of its domestic semiconductor mission with a $13 billion budget to build an industrial ecosystem spanning from chip design to manufacturing. This expansion followed global chip shortages during the Covid-19 pandemic, which exposed a heavy reliance on a limited number of East Asian manufacturers. To date, India approved 12 semiconductor projects across six states, with companies including Micron, Keynes Semicon, and CG Semi beginning commercial production in 2024. The strategy aims to transition from basic assembly and testing to developing a large manpower pool capable of advancing India's position along the semiconductor value chain.
A sudden glacial collapse in the Himalayas triggered massive flooding and mudslides that resulted in over 1,250 deaths in Nepal and 21 deaths in China's Tibet autonomous region, with thousands remaining missing. The disaster significantly impacted the Gyirong Port and forced the closure of key infrastructure, including highways and an airport. Concurrent extreme weather, including torrential rain and flash flooding, also disrupted border areas between China, Vietnam, and Laos, leading to the closure of a crucial China-Laos checkpoint.
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping held a meeting at the Shanghai Cooperation Organisation summit in Bishkek, Kyrgyzstan, to discuss the stability of bilateral ties. This interaction followed the imposition of 50 percent tariffs on Indian goods by U.S. President Donald Trump last year, which the text noted pushed Delhi and Beijing closer together. President Xi is scheduled to visit New Delhi on September 12 and 13 to lead a delegation of approximately 400 officials for the BRICS summit. During the Bishkek meeting, Xi expressed a preference for the two nations to act as partners rather than rivals.
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