Minister of State for Electronics and IT Jitin Prasada has indicated that the government has approved financial support for 23 companies to develop chipsets under the design-linked incentive (DLI) scheme. He highlighted that 10 companies have raised venture capital (VC) funding for scaling up their design prototypes for commercialisation, and six companies have successfully taped out their prototype designs at advanced and mature technology nodes of various semiconductor foundries.
Under the DLI Scheme, 72 domestic companies have been approved the access to state-of-the-art Electronic Design Automation (EDA) tools. These companies are at different stages of developing semiconductor designs for various applications. Besides, 23 companies out of these companies have been approved for financial support for developing SoCs for surveillance cameras, energy meters, microprocessor IPs, networking applications etc.
He noted that the DLI scheme provides financial incentives of up to 50% of eligible costs, with a ceiling of Rs 15 crore per application for design prototyping, scaling-up and volume production. Further, the scheme offers financial incentives ranging from 6% to 4% of net sales turnover, up to Rs 30 crore per application over five years, to enable the companies to deploy and commercialise their Intellectual Property (IP) cores, chips, and System-on-Chip (SoC) solutions.
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