Make in India: Chipmakers Said to Get Over $1 Billion in Cash for Setting Up Manufacturing Units

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Make in India: Chipmakers Said to Get Over $1 Billion in Cash for Setting Up Manufacturing Units

India is offering more than $1 billion (roughly Rs. 7,340 crores) in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said.

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