Equity norms under Semicon 2.0 to drive investment for advance chips design by Indian cos: IT Secy
New Delhi, Provisions under Semicon 2.0 to provide incentives to Indian chip-making firms against equity are expected to drive largescale investment required for the development of advanced chips for technology such as artificial intelligence, a senior government official has said.
Under Semicon 2.0, which has a budget of Rs 1.27 lakh crore, the central government has prioritised chip design by Indian companies.
In an interview to PTI on Saturday, Ministry of Electronics and IT Secretary S Krishnan said advance chip design may need thousands of crores of investments.
