This story was first published on the Benzinga India portal. Apple Inc. (NASDAQ: AAPL) is reportedly in discussions with Micron, Tata Group and other Indian chip manufacturers to procure semiconductors for its locally-produced iPhones. What Happened: Apple’s demand for semiconductors is projected to reach $12 billion by 2026, according to a report by Financial Express. By this time, the tech giant plans to shift 26% of its global iPhone production to India. If Micron and Tata Group’s units, expected to be functional by then, can produce the required grades, they could secure substantial busine…