Media in the U.S.: India plans to launch a new fund worth over 1 trillion rupees (about 10.8 billion U.S. dollars) to support the domestic chip manufacturing industry, with the goal of launching it within two to three months. The funds will be used to subsidize chip design projects, manufacturing equipment, and supply chain development.
This move aims to accelerate India's process of becoming a global center for chip manufacturing, creating a cumulative effect with the 100 billion U.S. dollar incentive plan launched in October 2021. Currently, India's chip industry is still in its early stages, with only a few projects such as Micron Technology, Tata Group, and Foxconn having been implemented, mainly producing low-end chips. However, India plans to catch up with the technological levels of global leaders like TSMC and Samsung by 2032.
The government hopes to attract international giants by leveraging engineering talent and subsidy policies, replicating the successful model of Apple assembling 25% of iPhones in India.
Original article: toutiao.com/article/1859469884983495/
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