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India Unveils Further Investment of 1.28 Trillion Rupees to Strengthen Local Chip Production
1 week ago /
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Author：小编
On July 15, India declared its intention to inject an extra 1.28 trillion rupees (roughly equivalent to $13.3 billion) to foster the growth of its indigenous chip manufacturing sector. This strategic decision follows on the heels of the $10 billion incentive initiative introduced in 2021. The previous plan committed to subsidizing half of the construction expenses for semiconductor projects, with the overarching goal of enticing global chipmakers to invest and set up production facilities in India, thereby propelling the nation towards its ambition of becoming a worldwide chip manufacturing powerhouse.
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