India Announces Additional Investment of 1.28 Trillion Rupees to Boost Domestic Chip Manufacturing Capacity

India has committed an additional 1.28 trillion rupees to enhance its domestic chip manufacturing capabilities, advancing its ambition to become a global manufacturing hub. This initiative builds on India's 2021 $10 billion incentive program, which pledged to cover half the costs of establishing semiconductor projects. India aims to attract major chip manufacturers by leveraging its engineering and design talent along with subsidies, similar to how it helped Apple expand its operations in the country.