India approves US$13 billion semiconductor plan
- NEW DELHI: India approved a new semiconductor programme on Wednesday (Jul 15), offering more than US$13 billion in financial assistance to accelerate local chip production, as it seeks to become a global electronics powerhouse.
- India's Union Cabinet approved the "Semicon 2.0" initiative, expanding on a drive launched five years ago to reduce reliance on imports and attract investment in one of the world's most strategically important industries.
- It comes as countries race to secure semiconductor supply chains following pandemic-era disruptions and growing geopolitical tensions that exposed vulne
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- NEW DELHI: India approved a new semiconductor programme on Wednesday (Jul 15), offering more than US$13 billion in financial assistance to accelerate local chip production, as it seeks to become a global electronics powerhouse.
- India's Union Cabinet approved the "Semicon 2.0" initiative, expanding on a drive launched five years ago to reduce reliance on imports and attract investment in one of the world's most strategically important industries.
- It comes as countries race to secure semiconductor supply chains following pandemic-era disruptions and growing geopolitical tensions that exposed vulne
Sources: CNA