India Strengthens Chip Ambitions with Approval of Two New Semiconductor Units

India Strengthens Chip Ambitions with Approval of Two New Semiconductor Units

The Indian Union Cabinet, chaired by Prime Minister Narendra Modi, officially approved the establishment of two new semiconductor units on February 29, 2024, representing a combined investment of Rs 3,936 crore. These facilities, located in Gujarat and Assam, mark a significant milestone in the government’s ongoing effort to position the nation as a global electronics…

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