Mint Explainer | Where does India stand in its chip ambitions?
India is positioning itself as an alternative hub for mid-range chips, packaging and compound semiconductors, backed by a large domestic market and policy incentives. The roughly ₹1 trillion India Semiconductor Mission is a significant start, but remains modest compared with the US CHIPS Act, valued at $52 billion, and China’s estimated $140 billion semiconductor spending over the past decade.
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