India plans new fund to back domestic chipmakingBloombergIndia plans to unveil a more than 1 trillion rupee (US$10.8 billion) fund aimed at bolstering domestic chipmaking, advancing its bid to become a global manufacturing hub. People visit the Bengaluru Tech Summit at the Bangalore International Exhibition Centre in India on Nov. 18 last year. Photo: EPAIndian Prime Minister Narendra Modi is trying to accelerate India’s chip campaign, which is in early stages with just a handful of major projects under way. India’s push, although smaller in scale, is similar to the US$52 billion US Chips and Science Act that funds local chipmaking capacity. The 2040 target compares with sales of about ￥5 trillion in 2020, Japanese Ministry of Economy, Trade and Industry data showed.

Source: Taipei Times March 12, 2026 17:13 UTC