Union Cabinet Approves Semicon 2.0 with Rs 1,27,500 Crore Outlay
The Union Cabinet, chaired by PM Narendra Modi, approved the Semicon 2.0 programme — a new semiconductor incentive scheme with a total budget outlay of Rs 1,27,500 crore — to deepen India's semiconductor design and manufacturing ecosystem. It builds on Semicon 1.0 (the India Semiconductor Mission, ISM 1.0) and reaffirms India's goal of becoming a global hub for chip design, manufacturing and innovation. Semicon 2.0 is structured around six pillars: Design; Machines & Materials; Setting up more Fabs; ATMP/OSAT (assembly, testing, marking & packaging); Research & Development (R&D); and Talent development. Under ISM 1.0, the government has approved 12 semiconductor manufacturing projects with cumulative investment of over Rs 1.64 lakh crore, plus 24 design projects from startups/MSMEs, and provided EDA-tool access to 105 startups and MSMEs.
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Union Cabinet approved Semicon 2.0 with a Rs 1,27,500 crore outlay to expand India's chip design and manufacturing ecosystem. • Semicon 2.0 rests on six pillars: Design, Machines & Materials, Fabs, ATMP/OSAT, R&D and Talent. • ISM 1.0 had already cleared 12 fabs worth over Rs 1.64 lakh crore before Semicon 2.0's approval.