India and Taiwan are in talks to bring chip manufacturing to South Asia
It includes tariff reductions on components for producing semiconductors
The deal might take shape by the end of the year
Officials in New Delhi and Taipei have been discussing this for a while
The deal would bring a chip plant worth an estimated $7.5 billion to India
It would be able to supply everything from 5G devices to electric cars
India is currently studying possible locations with adequate facilities
However, this may spark new tensions with China
The trade talk happens at a time when world democracies are cautious about China
Countries are prepping to stand up against an increasingly assertive China
