New Delhi, July 17 -- The global artificial intelligence (AI) boom has spurred India to develop its own Nvidia-like chip, with a production-grade version targeted within the next three years, two senior government officials told Mint.

At the heart of this effort is a four-decade-old research institution, for which the chip could mark its most significant contribution yet.

India's first, indigenous AI inference chip will be made and presented as early as "2029 or 2030", Union IT minister Ashwini Vaishnaw said on Wednesday after the Cabinet approved a Rs.1.27 trillion Semicon 2.0 mission to incentivize chip factories, startups, design firms and research.

While details of the AI inference chip remain sparse, the officials cited earlier sa...