➀ India is poised to become a major player in the semiconductor production market, with the first microchips expected to be produced by 2027; ➁ The US has been involved in this plan, with major companies like AMD, Nvidia, and Micron showing interest in producing chips in India; ➂ India's Commerce Minister Piyush Goyal highlighted the country's technological independence from China, emphasizing its expertise in the IT sector; ➃ Taiwan's TSMC, the world's largest contract semiconductor manufacturer, could play a role in India's efforts, despite potential competition; ➄ The Taiwanese company PSMC plans to build a factory in India to produce chips, marking a significant step in India's semiconductor industry.

➀ Semiconductors are increasingly seen as the critical resource of the 21st century, similar to oil in the 20th century. ➁ The importance of semiconductors is reflected in their widespread use in everyday devices and their role in global geopolitics. ➂ Governments and investors are heavily investing in the semiconductor industry due to its strategic importance and potential for high returns.

➀ The explosion at BASF's Ludwigshafen plant in Germany led to a significant increase in the prices of Vitamin A and Vitamin E, with the latter's price quadrupling. ➁ The explosion was caused by a fire from a leaked organic solvent storage unit, leading to the temporary shutdown of the plant. ➂ The disruption in production due to the explosion has highlighted BASF's critical role in the global supply of vitamins, particularly through its dominance in the production of the key intermediate, citral.