India To Launch 1 Lakh Crores Semiconductor Fund In Bold Push For Global Chip Dominance

India is poised to launch a substantial fund dedicated to enhancing domestic chip making capabilities, as part of its strategic drive to emerge as a global manufacturing powerhouse.This initiative, valued at approximately ₹99,943.75 Crores at current exchange rates, targets subsidies for chip design initiatives, manufacturing equipment, and the development of critical supply chains.Sources close
India is poised to launch a substantial fund dedicated to enhancing domestic chip making capabilities, as part of its strategic drive to emerge as a global manufacturing powerhouse.This initiative, valued at approximately ₹99,943.75 Crores at current exchange rates, targets subsidies for chip design initiatives, manufacturing equipment, and the development of critical supply chains.Sources close
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