chip manufacturing

The second phase broadens government support from chip plants and packaging to equipment, materials, research, skills and Indian-owned intellectual property.

New Delhi is putting more money behind its semiconductor bet, aiming to move from approvals and announcements to fabs, packaging plants and design capacity.

The pay package, tied to 12 milestones, could raise Elon Musk’s Tesla stake from 13% to 25%, but only if every target is met.