India Preps $10.8B War Chest for Domestic Chip Industry

India is about to go big on chips. The country plans to unveil a fund worth more than 1 trillion rupees — roughly $10.8 billion — dedicated to building up its domestic semiconductor capabilities.

The money targets multiple fronts. Subsidies will flow toward chip design projects and manufacturing equipment, two critical pillars for any nation serious about reducing its dependence on foreign silicon.

It's a bold bet. Building a competitive chipmaking ecosystem from scratch is brutally expensive and takes years. But with global semiconductor supply chains still fragile and nations everywhere racing to secure domestic production, India clearly doesn't want to sit on the sidelines.

The fund represents one of the largest dedicated semiconductor investments by an emerging economy, signaling that the global chip race now has another serious contender throwing serious money at the problem.