India announces INR 1.28tln new semiconductor manufacturing plan, according to reports

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The Indian government has officially announced a new 1.28 trillion rupee investment plan to foster the semiconductor manufacturing ecosystem. This large-scale capital injection is interpreted as a strategic move to establish India as a key hub in the global supply chain. It is expected to accelerate the construction of local plants by global semiconductor firms, signaling a shift in the Asian semiconductor market landscape.

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