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flag NXP Semiconductors plans to invest $1B in India's R&D, targeting automotive sector growth.

flag NXP Semiconductors, a Dutch company, plans to invest over $1 billion in India to double its research and development efforts. flag CEO Kurt Sievers announced this at the Semicon India conference, emphasizing potential growth in the automotive sector. flag India aims for a $63 billion semiconductor market by 2026 and has introduced a $10 billion incentive package to attract global investments, with major firms like Nvidia and AMD already establishing a presence in the country.

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