TL;DRIndia committed $19.7B total: $13.3B for semiconductors and $6.5B for smartphones. Modi wants an Indian mobile brand to rival Chinese dominance. India pledged 1.9 trillion rupees ($19.7 billion) in combined incentives for domestic chip and smartphone production on Wednesday. The cabinet approved 1.28 trillion rupees ($13.3 billion) for semiconductors, covering chip design, machine fabrication, research and development, and talent creation, and a separate 625 billion rupees ($6.5 billion) for mobile phone manufacturing. “The Prime Minister has given us clear guidance that we must create an Indian mobile brand,” Technology Minister Ashwini Vaishnaw told reporters in New Delhi. The new programme...