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New Delhi plans to reopen the application process for $10 billion in incentives and assistance intended to encourage local chipmaking, people familiar with the matter said.

India is joining countries including the US in trying to boost chip output to reduce reliance on expensive imports and dependence on Taiwan and China.

India plans to reopen the application process for $10 billion in incentives and assistance to encourage semiconductor manufacturing

India has plans to reopen the application process for $10 billion in incentives and assistance to give chip manufacturing in the country a boost. The move is being mulled over because of the previously announced projects taking too long. The PM Narendra Modi administration will keep this application process open-ended, scrapping the previous 45-day requirement for submission., Economy News, Times Now

Minister Vaishnaw is on a three-day visit to USA, where he met Google CEO Sundar Pichai and is expected to meet leaders of chip companies including Intel, Micron, Global Foundries, among others to woo them to invest in India.

The RF Front-End (RFFE) market for macro Base Transceiver Stations (BTS) reached $3.2 billion in 2022 and is forecast to grow to $3.8 billion in 2028, at

Delek and ICL led the market higher today while NICE Systems led the declines.

The chipmaking giant could finally be approaching a cyclical trough.

By Lorenzo Di Muro 1. India-Israel relations are at their highest ever point. Kept knowingly out of the spotlight by Delhi for decades, the relationship

Intel's $5.4 billion acquisition of Israel's Tower Semiconductor, announced in early 2022, has become embroiled in the US-China chip war.