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The Economic Times
The Economic Times

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.

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