India's chip dreams get US$ 13.21 billion push with Semiconductor Mission 2.0

India has taken another major step towards building a globally competitive semiconductor industry, with the Expenditure Finance Committee clearing a proposal for India Semiconductor Mission (ISM) 2.0 with an allocation of Rs. 1.25 lakh crore (US$ 13.21 billion). The proposal, which is now awaiting Cabinet approval, represents a substantial increase over the Rs.