India says it expects domestic chip production to start in the next 2-3 years; its $10B semiconductor incentive scheme begins taking applications on January 1 (Shruti Srivastava/Bloomberg)

Shruti Srivastava / Bloomberg:
India says it expects domestic chip production to start in the next 2-3 years; its $10B semiconductor incentive scheme begins taking applications on January 1  —  - Government to accept applications from chipmakers from Jan. 1  — India currently imports 100% of its chip requirements