ChipsReutersabout 3 hours ago
India approves $13.3 billion for fresh semiconductor push
1 min read
India committed 1.9 trillion rupees ($19.7 billion) in combined incentives for domestic chip and smartphone production. The cabinet approved 1.28 trillion rupees ($13.3 billion) for semiconductors and 625 billion rupees ($6.5 billion) for mobile phone manufacturing. Technology Minister Ashwini Vaishnaw said Prime Minister Modi wants an Indian mobile brand to rival Chinese dominance.
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