Govt to earmark nearly Rs 1,000 crore to support fabless start-ups

Don’t be surprised if the next global fabless chip design and product company, on the lines of Qualcomm or Broadcom, comes from homegrown entrepreneurs. The Ministry of Electronics and Information Technology (MeitY) is finalising a plan to earmark close to Rs 1,000 crore to back fabless start-ups in the country.  Fabless companies are those that design microchips, while the bigger ones contract out the production of the chips. Based on discussions with stakeholders, the outlay could help over 50-100 start-ups, some of which could be scaled up to become global playe.....

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