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The Economic Times

Economy / The Economic Times

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India plans new $11 billion fund to support local chipmaking

India is set to launch a massive 1 trillion fund to boost domestic chipmaking, aiming to become a global manufacturing hub. This initiative will offer subsidies for chip design, manufacturing equipment, and supply chain development, building on existing programs that have attracted major players like Micron and Tata Group. The ambitious plan seeks to elevate India's semiconductor capabilities by 2032.

12 Mar 2026 2:34 pm