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News 2026-07-16 00:39 UTC

India Unveils $20 Billion Semiconductor, Smartphone Push

() -- India's Union Cabinet on Wednesday approved 1.9 trillion rupees ($19.7 billion) in funding for domestic semiconductor and smartphone manufacturing amid increasing competition from players like China. Of the total, 1.28 trillion rupees will fund Semicon 2.0, a second-phase expansion of India's semiconductor push,