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Chip-makers such as Qualcomm and Exynos could make SoCs in India.
Intel and AMD may also set-up plants under Make in India.
The financial incentive could help chip makers shift manufacturing to India.
The Indian government is reportedly offering more than a billion dollars each to semiconductor companies in a bid to encourage them to set shop in India. As per a report by
Reuters, the Narendra Modi-led central government is giving this major cash incentive to chip makers in order to improve the country's smartphone assembly industry and also strengthen its electronics supply chain.
While India has already emerged as the world's second-biggest mobile phone market, the government now appears to be using cash incentives as a means to further enhance the country's position as a hub for manufacturing phones and other gadgets.