Topic
government investment
Union Cabinet Approves Rs 1.9 Lakh Crore Schemes to Boost India's Chip and Mobile Phone Manufacturing
The Union Cabinet approved two schemes totaling Rs 1.9 lakh crore: Semicon 2.0 (Rs 1,27,500 crore) for semiconductor fabrication, advanced packaging, materials, equipment, and design; and the Mobile Phone Manufacturing Scheme (Rs 62,500 crore) with sales-linked incentives and additional domestic sourcing benefits. The government targets a $500 billion electronics manufacturing industry by 2030-31.
Business Union Pacific CEO Jim Vena rejects potential government investment in $85B Norfolk Southern merger
Union Pacific CEO Jim Vena dismissed the possibility of government investment in the railroad's $85B merger with Norfolk Southern, stating UP can handle the price alone. President Trump had suggested government equity stakes in essential companies. Vena views Trump's interest positively but had no direct communication. The US has invested $21B in 16 deals since January 2025.