To help boost the country’s ever-growing ‘Make in India’ initiative, the government of India will offer $1 billion in cash to chip makers to set up manufacturing units in the country. The new initiative aims to expand India’s smartphone assembly industry and strengthen the electronics supply chain.
The government officials further added that no chip manufacturers have shown any interest in the initiative, as of now. Moreover, there is no official word on the topic from the Indian government itself. So, if the initiative goes live in the coming days, we have to wait to see if the country benefits from it or not. Also, it will be interesting to see which chip makers decide to build processors in the country to meet the growing demand for PCs, laptops, and smartphones.
