Cabinet Approves ₹1.28 Lakh Cr Semicon 2.0 To Boost India’s Chip Ecosystem

The Union Cabinet today approved the second phase of the Indian Semiconductor Mission, Semicon 2.0, with an outlay of ₹1.28 Lakh Cr to strengthen India’s chip design and manufacturing ecosystem. The scheme will focus on six areas — chip design; semiconductor equipment and materials; fabrication plants (fabs); assembly, testing, marking and packaging (ATMP)/ outsourced semiconductor assembly and test (OSAT) units; research and development; and talent development. Under the design pillar, the gove