Some years ago, Modi announced that he was going to make India go all-in on semiconductors. When I read that the first facility to begin commercial production was going to be Micron with memory chips, I did an eyeroll. Memory chips? And just an assembly and testing facility? To me that seemed like an easy cop-out. To me (my admittedly naive self), wafer fabs and CPUs seemed like the real game.

Now, with what has happened with memory chip prices, it almost seems like they got lucky (the Micron facility is doing commercial shipments now).

Obama used to talk about having "spooky" good luck. I think Modi has some of that too.