On March 12, India plans to establish a fund exceeding 1 trillion rupees (approximately $10.8 billion) to strengthen its domestic chip manufacturing capabilities and support its vision of becoming a global manufacturing hub. According to an insider, the fund will subsidize chip design projects, manufacturing equipment, and supply chain development. It is expected to be launched within two to three months, but the plan is still under discussion and may be subject to changes. India hopes to leverage its engineering and design talent advantages along with subsidy policies to attract major chip manufacturers, a move similar to its strategy of helping Apple expand locally. Currently, Apple already assembles 25% of its iPhones in the South Asian country. The insider also mentioned that the new semiconductor incentives will be linked to other subsidies provided by the federal government for smartphones and components to promote domestic manufacturing and exports.