India’s US$10B investment in chip manufacturing has caught Intel’s attention

In the case of a shortage of semiconductor chips, not only companies but also countries are striving to increase silicon wafer production. At the beginning of this month, Indian Cabinet approved an incentive plan Used in semiconductor development.

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The move will include the establishment of more than 20 manufacturing units within 6 years, and efforts will be made to inspire existing large companies and start-ups seeking to design and manufacture semiconductors. Eligible companies can get up to 50% of the cost of building and operating a new fab in India. The incentive plan of up to 76,000 crore (approximately US$10 billion) also includes a plan to train semiconductor engineers, so it is clear that the country attaches great importance to increasing chip production.