India’s $ 10 billion investment in chipmaking is attracting Intel’s attention

In the midst of the shortage of semiconductor chips, it is not only companies but also countries that are struggling to increase silicon production. Earlier this month, the Government of India approved an incentive scheme for semiconductor development.

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The move will include setting up more than 20 production units over 6 years and will work to incentivize not only large existing companies but also startups that want to design and manufacture semiconductors. Qualified companies can receive up to 50% of their set-up and operating costs for new brands in India. The huge incentive scheme of Rs 76,000 (about $ 10 billion USD) also includes plans to train semiconductor engineers, so it is clear that the country is serious about increasing chip production.

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