New Delhi, Aug. 22 -- The Ministry of Electronics and Information Technology (MeitY) announced on Friday that it has approved 23 semiconductor design projects under its Design Linked Incentive (DLI) scheme.

The move strengthens support for domestic start-ups and MSMEs working on chip designs for applications such as surveillance systems and smart energy meters, Business Standard reported.

The ministry also confirmed that 72 firms have been granted access to industry-grade Electronic Design Automation (EDA) tools, enabling them to fast-track their chip design processes.

Spotlight on Vervesemi Microelectronics

Among the companies supported is Bengaluru-based fabless semiconductor firm Vervesemi Microelectronics, founded in 2017.

Specia...