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New Delhi’s big plan to become a chip powerhouse

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global chip shortage

Semiconductor chips are tiny pieces of computer hardware that play a vital role in everything from mobile phones to militaries.

They are also central to Delhi’s plan to turn India into a global technology powerhouse.

Delhi has invested billions of dollars in subsidies and infrastructure projects to create a domestic chip-manufacturing industry. The government also offers incentives to foreign companies that set up chip-making facilities in India. But so far, the country has failed to produce a single world-class chipmaker.

Despite the challenges, Delhi is pressing ahead with its plans.

The government is investing $6 billion in a new National Semiconductor Laboratory, which is due to open in 2021.

Cutting edge tech

The lab will be equipped with cutting-edge facilities for developing and testing chips.

Delhi is also working on a $770 million semiconductor Fab Park, which will provide cleanroom space and other infrastructure for chipmakers.

The first phase of the park is due to open in 2021, with the second phase expected to be completed by 2025.

The government is also subsidizing the construction of new chip-making facilities by Indian companies.

In 2018, it committed $1.6 billion to help Hindustan Semiconductor Manufacturing Corporation build a new factory near Chennai. The facility is expected to be operational by 2022.

Delhi’s ambitious plans have yet to bear fruit, but the government is committed to creating a world-class semiconductor industry in India.

With billions of dollars of investment and a host of incentive programs, it may only be a matter of time before the country produces its first world-class chipmaker.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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