India approves US$10 billion incentive plan to attract global chip makers

Source: Tech – South China Morning PostIndia has approved a US$10 billion incentive plan to attract semiconductor and display manufacturers, its technology minister said on Wednesday, as part of a deepening push to establish the country as a global electronics production hub.Under the plan, India’s government will extend fiscal support of up to 50 per cent of a project’s cost to eligible display and semiconductor fabricators, it said in a statement.Israel’s Tower Semiconductor, Taiwan’s Foxconn and a consortium from Singapore have…Read More

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