The real semiconductor industry refers to semiconductor materials, semiconductor equipment, chip design and chip manufacturing. But the assembly and manufacturing of electronic products, computers and other different consumer fields can also be regarded as the semiconductor industry in a broad sense. After all, there are chips in these products.
there is plenty of low hanging fruit in electronic assembly. It is a zero sum game versus China here. I am not sure India is up to the challenge here.
Most of the American semiconductor companies have chip design centers in India