Recent reports of the Indian government likely to approve an INR 25,000 crore scheme for spurring semiconductor manufacturing in addition to the existing INR 76,000 crore production-linked incentive (PLI) scheme are important steps towards making India a semiconductor hub. This additional funding will support commercial entities engaged in various aspects of semiconductor manufacturing, such as fabs, display fabs, compound semiconductors/silicon photonics/sensors fabs, semiconductor packaging, and designing. As it expands its ambitions in this strategic sector, India is mobilising support from like-minded partners.
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