Other countries want to become semiconductor giants too. India's electronics and IT Minister Ashwini Veshnav spent three days in the US last week just with the intention of convincing chip makers to invest in India. Even if we don't become a manufacturing superpower, we could still make our mark somewhere in the value chain,. Remember our old SEL in Mohali? When our Friday, the government announced that they would splash a massive $2 billion into SEL to concentrate on chip designing. We're even going to set up an India semiconductor research institute. Some big moves are happening. But as to whether it will all bear fruit or not, we will just have to wait and watch