The government expects ISM 2.0 to bring in investments worth Rs 4 lakh crore, production worth Rs 2 lakh crore and exports of Rs 1 lakh crore. The government will provide incentives of up to 40% for silicon fabs, and up to 35% for other fabs. With an eye on localising key parts of the semiconductor ecosystem, including materials, gases, chemicals, and semiconductor equipment, up to 30% incentive will be given.

By 2035, India could be consuming $350 billion of semiconductor devices and components under the parlay, it said.

The Union Cabinet approved India Semiconductor Mission 2.0 with significant funding. A Rs 62,500 crore Mobile Phone Manufacturing Scheme was also cleared. These initiatives aim to…

The Union Cabinet has cleared the India Semiconductor Mission (ISM) 2.0 to boost domestic chip manufacturing. This and more in todays ETtech Top 5.

The Union Cabinet on Wednesday cleared ₹1.27 lakh crore for the second edition of India Semiconductor Mission, Union IT Minister Ashwini Vaishnaw informed."Cabinet has approved…

The Union Cabinet approved significant new schemes for semiconductor and mobile phone manufacturing. The India Semiconductor Mission's second phase will receive ₹1.27 lakh crore…

The Union Cabinet has approved Semicon 2.0, a significant initiative for India's semiconductor industry. This new phase builds upon the foundation of the India Semiconductor…