Semiconductor Manufacturing in India: Government to Provide 50 Percent Incentive for Chip Fabs

Semiconductor Manufacturing in India: Government to Provide 50 Percent Incentive for Chip Fabs

The union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to provide 50 percent financial incentives for the manufacturing of semiconductor fabs across technology nodes as well as for compound semiconductors, packaging, and other chip facilities. The cabinet approved modifications in “Programme for Development of Semiconductors…