The second iteration of the semiconductor mission also has a major focus on designing commercial and strategic chips in India. The Centre will take minority stakes in Indian semiconductor startups, matching private investments at every stage to bridge any funding gap.

The union cabinet has greenlit the Rs 1.27 lakh crore India Semiconductor Mission (ISM) 2.0, aiming to attract Rs 4 lakh crore investments and boost semiconductor localization.

NEW DELHI: India approved a new semiconductor programme on Wednesday (Jul 15), offering more than US$13 billion in financial assistance to accelerate local chip production, as it…

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 second phase of India’s semiconductor mission spells out a realistic ambition for the country