Taiwan aims to double chip and gadget sales to India within seven years

Taiwan plans to boost its chip and gadget sales to India by twice the current amount within five to seven years, taking advantage of India’s growing phone business with America. The move comes as India ships more phones to the United States, with sales jumping almost 40% compared to last year. In the first five months of the budget year starting in April, India sent $8.43 billion worth of phones to America, mostly Apple iPhones. These Indian phone exports don’t face the higher taxes that other goods do when entering the U.S. market.