India approves 12 chip manufacturing projects with Rs 1.64 lakh crore investment pipeline

Under the India Semiconductor Mission (ISM), 12 semiconductor manufacturing projects have been approved with an investment pipeline of approximately Rs 1.64 lakh crore, comprising one semiconductor fabrication unit, two compound semiconductor fabrication units and nine packaging units, according to an official fact-sheet. Moreover, India Semiconductor Mission 2.0, announced in the Union Budget 2026-27, signals a deepening of the national commitment to chip manufacturing, with focus on semiconduc