India's $11 Billion Fund to Boost Local Chip Manufacturing

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India Unveils $11 Billion Chip Fund to Boost Local Manufacturing, Global Hub Ambition

No 1. Company name: RRP Semiconductors | Returns: 3406.79% | Current Mcap: ₹8691 crore | RRP Semiconductors was the best performer, skyrocketing from ₹181.90 to ₹6378.85, a 3406% return. It emerged as a key domestic chip supplier amid the India semiconductor policy push. FII inflows and capacity expansion plans kept investor sentiment high on the stock in the first nine months of 2025.

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CNBC TV18•12-03-2026, 14:22

India Unveils $11 Billion Chip Fund to Boost Local Manufacturing, Global Hub Ambition

•India plans a new $11 billion (over 1 trillion rupees) fund to bolster its domestic chipmaking industry.
•The fund will offer subsidies for chip design, manufacturing equipment, and supply chain development, potentially launching in 2-3 months.
•Prime Minister Narendra Modi aims to accelerate India's chip campaign, positioning the country as a global manufacturing hub.
•This initiative builds on a 2021 $10 billion program that attracted companies like Micron Technology Inc. and Tata Group.
•India targets developing advanced chipmaking capabilities comparable to global leaders like Taiwan and the US by 2032.

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