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On September 2, according to China.com, India has approved a proposal from Kaynes Semicon, an integrated electronics manufacturer, to establish a semiconductor factory in Gujarat. The investment is set at $393 million, with a goal of producing 6 million chips per day. The chips manufactured at this facility will be widely used in industries such as automotive, mobile phones, and more. Additionally, the Indian government plans to introduce a $15 billion incentive program for the second phase of chip manufacturing, focusing on advanced display technology, to promote the country's chip industry development.
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