India Pledges $19.7 Billion To Boost Domestic Chip and Smartphone Production
India has committed $19.7 billion (₹1.9 trillion) in new funding to expand domestic semiconductor and smartphone manufacturing.
The allocation follows previous subsidy initiatives to accelerate local electronics production and consolidate the country’s position as a key manufacturing hub.
From the sources (6 posts)
@techmemeIndia pledges $13.3B to boost domestic chipmaking, building on a $10B incentive program from 2021, which attracted investments from companies like Micron (@sankalp_sp / Bloomberg) (Visit Techmeme dot com for the link and full context!)
@bsindiaIndia's #semiconductor push enters its next phase as the Cabinet approves the ₹1.28 trillion #Semicon2.0 programme focused on the entire #chip ecosystem. Read more: | @akshita_singh_
@wallstengineINDIA 🇮🇳 ANNOUNCES $13.3B NEW SEMICONDUCTOR MAKING PLAN
@stockmktnewzIndia 🇮🇳 just pledged to spend an additional $19.7 Billion to boost domestic chip and smartphone production - Bloomberg
@unusual_whalesIndia has pledged a further 1.9 trillion rupees ($19.7 billion) to boost domestic chip and smartphone production, per Bloomberg
@polymarketmoneyJUST IN: India pledges to spend an additional $19,700,000,000.00 to boost domestic chip and smartphone production