Can India blaze into the select club of countries that have semiconductor fab units? Last week, the Cabinet cleared an ambitious $10-billion incentive package to do just that.

       The government’s intention is to create a complete semiconductor ecosystem — fabs, home-grown chip design, outsourced semiconductor and testing (OSAT) facilities and compound semiconductor plants. If the fab plant takes off, India could join the list of Asian countries — Taiwan, South Korea, Japan and China — that currently control three-fourths of the world’s fab capacity (US is far ...