India will soon have its own Fabs to compete against China
India will soon have its own Fabs to compete against China
Nijhum Rudra
Wed, 02/14/2024 - 16:04
In an effort to boost the semiconductor industry of India, the incentive scheme of Rs 76,000 Crore was unleashed back in December 2021. Apart from this, the finance minister allocated Rs 3,000 crore in the budget session of FY 2023-24 and this year the amount has been increased to Rs 6,903 Crore. This move is an escalation of more than 200 percent in regards to semiconductor and display manufacturing. Speaking of the growth, the government and the industry bodies are looking for $55 billion by the end of 2026 and $110 billion by 2030.
[original story: Circuit Digest]