# The fund will provide subsidies for chip design projects, manufacturing equipment and supply chain development.

*semiconductor · news · 2026-03-12 · ThePrint*

## Key points

- India plans to launch a more than 1 trillion rupee chipmaking fund within three months.
- The new fund will provide subsidies for chip design, manufacturing equipment, and supply chain development.
- This initiative builds on India’s 2021 $10 billion program that drew companies like Micron Technology Inc.
- India aims to reach chipmaking parity with global leaders like Taiwan, South Korea, and the US by 2032.

**Companies:** Apple Inc., Micron Technology Inc., Tata Group, Foxconn Technology Group
**Countries:** India, United States, China, Taiwan, South Korea

[Read the full story on ThePrint](https://theprint.in/india/india-plans-10-8-billion-fund-to-support-local-semiconductor-manufacturing/2877060/)

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