Government plans to double subsidy for chip design to ₹30 crore
Financial Express Mumbai|December 31, 2024
The Ministry of Electronics and IT (MeitY) is working on a proposal to double the subsidy under the design-linked incentive (DLI) scheme, a key component of India's ₹76,000 crore semiconductor incentive programme.
JATIN GROVER

Officials said that the proposal, which is under examination, plans to increase the startup subsidy from the current ₹15 crore to ₹30 crore as part of the upcoming semiconductor incentive scheme 2.0.

MeitY is also considering capex-linked subsidies to attract larger fabless companies interested in designing chips with intellectual property (IP) developed within the country.

This new structure could be similar to the fiscal support provided for setting up fabrication units.

The proposed enhancements follow a lacklustre response to the existing DLI scheme, which has benefited 14 startups out of approximately 60 applications.

The scheme initially aimed to fund 100 startups, but many applicants lacked a stable client base or failed to secure approvals from companies manufacturing end products.

هذه القصة مأخوذة من طبعة December 31, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 31, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS MUMBAI مشاهدة الكل
Microsoft to spend $80 billion on AI data centers this year
Financial Express Mumbai

Microsoft to spend $80 billion on AI data centers this year

MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.

time-read
1 min  |
January 05, 2025
S Korea investigators ask acting prez to clear way for Yoon's arrest
Financial Express Mumbai

S Korea investigators ask acting prez to clear way for Yoon's arrest

SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.

time-read
1 min  |
January 05, 2025
Chinese Dam on Table for Sullivan's India Visit
Financial Express Mumbai

Chinese Dam on Table for Sullivan's India Visit

AI, civilian nuclear cooperation, space may also be taken up

time-read
1 min  |
January 05, 2025
Mike Johnson Re-elected US House Speaker
Financial Express Mumbai

Mike Johnson Re-elected US House Speaker

Republican Congressman Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.

time-read
1 min  |
January 05, 2025
No jail time for Trump, suggests judge in US hush money case
Financial Express Mumbai

No jail time for Trump, suggests judge in US hush money case

Will keep fighting, says communications director Cheung

time-read
1 min  |
January 05, 2025
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Financial Express Mumbai

Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots

Kohli took charge after Bumrah left bowling due to spasm

time-read
3 mins  |
January 05, 2025
Rohit clears the air: Not going anywhere
Financial Express Mumbai

Rohit clears the air: Not going anywhere

Says those on outside can't influence when he stops playing

time-read
2 mins  |
January 05, 2025
Worrying signs from the Arctic
Financial Express Mumbai

Worrying signs from the Arctic

Scientists say fires in the region could have major consequences

time-read
2 mins  |
January 05, 2025
Big rockets, a telescope & big changes in space await in 2025
Financial Express Mumbai

Big rockets, a telescope & big changes in space await in 2025

Some key events to look forward to in space & astronomy

time-read
4 mins  |
January 05, 2025
Dr Manmohan Singh, RIP
Financial Express Mumbai

Dr Manmohan Singh, RIP

The present generation (born after 1991) scarcely believes that there was an India with one television channel, one car, one airline, one telephone service provider, trunk calls, PCO/STD/ISD booths and long waiting lists for everything from two-wheelers to train tickets to passports. The seeds of change were sowed by Dr Singh, a fact belatedly acknowledged by Prime Minister Modi's tribute to him and the Cabinet resolution.

time-read
4 mins  |
January 05, 2025