India pledges $20 billion to boost chips and smartphones as Modi pushes for an Indian mobile brand

India pledged 1.9 trillion rupees ($19.7 billion) in combined incentives for domestic chip and smartphone production on Wednesday. The cabinet approved 1.28 trillion rupees ($13.3 billion) for semiconductors, covering chip design, machine fabrication, research and development, and talent creation, and a separate 625 billion rupees ($6.5 billion) for mobile phone manufacturing. “The Prime Minister has […] This story continues at The Next Web