India Is Said to Plan $10 Billion Incentive To Woo Chip Makers

India is finalizing an incentive package of more than $10 billion to attract companies to start manufacturing semiconductors in the South Asian nation, people with knowledge of the matter said.

The government will offer incentives of 760 billion rupees ($10.2 billion) over six years for domestic production of semiconductor fabs, display fabs, design and packaging to cut down dependence on imports, the people said, asking not to be identified citing rules on speaking to the media. The Cabinet is expected to take up the proposal for approval soon.

A spokesperson for the Ministry of Electronics and Information Technology did not ...