NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development of a local semiconductor supply chain, covering activities that range from early-stage design through production support services. The report did not describe the fund’s final structure, governance or eligibility rules, and there has been no public government announcement detailing the program. The reported focus areas…