Govt Notifies ₹1,27,500-Crore Semicon 2.0; Spells Out Eligibility Norms, Sops for Chip Ecosystem
The programme sets 40% support for silicon fabs and 35% for specialized fabs as India seeks a self-reliant chip industry.
- The Union Cabinet notified the Semicon 2.0 scheme on Monday with an outlay of ₹1.27 lakh crore to boost India's semiconductor ecosystem, spanning chip manufacturing, design, materials, advanced Packaging, and talent development.
- Previously, the government approved 12 semiconductor projects across six states under the first phase, with three facilities—Micron, Kaynes Semicon, and Semi OSAT—commencing commercial production earlier this year.
- The scheme provides 40% fiscal support for silicon fabs and 35% for compound, LCD, OLED, and LED fabs, while ATMP and OSAT receive 35% for advanced Packaging and 25% for conventional Packaging.
- IT Secretary S. Krishnan stated the objective is self-reliance and fostering a globally competitive industry, with eligibility extended to design startups and companies owned by Indian citizens or OCI.
- Semiconductors have emerged as a critical strategic resource globally, with AI-driven demand and supply-chain vulnerabilities pushing players to expand capacity and reduce dependence on concentrated production hubs, positioning India as a key alternative.
14 Articles
14 Articles
Government notifies Rs 1.27 lakh crore Semicon 2.0 scheme to boost chip ecosystem
The scheme has been divided into six segments covering designing of chips by Indian firms, setting up units for capital equipment required for chip production, semiconductor fabs, chip assembly, packaging and testing, etc. The scheme will aim to build resilient, trusted, and sovereign semiconductor technologies by focusing on designing, development, and deployment of target segment technologies for the national strategic and critical infrastruct…
India Offers Chip Design, Gear Subsidy From $13.4 Billion Fund
Govt notifies ₹1,27,500-crore Semicon 2.0; spells out eligibility norms, sops for chip ecosystem
For startups, financial support will be in the form of grant and equity co-investment, and for companies it would be in the form of royalty financing or equity co-investment
India Targets 1 Lakh More Semiconductor Engineers Under Semicon 2.0: Vaishnaw
Get latest articles and stories on Business at LatestLY. India will develop another one lakh semiconductor engineers under the second phase of its semiconductor programme, Electronics and IT Minister Ashwini Vaishnaw said, as the government seeks to strengthen the country's talent pool and build a complete semiconductor ecosystem. Business News | India Targets 1 Lakh More Semiconductor Engineers Under Semicon 2.0: Vaishnaw.
Semicon 2.0: Govt notifies ₹1.27 lakh crore scheme to boost chip ecosystem
The scheme has been divided into six segments covering designing of chips by Indian firms, setting up units for capital equipment required for chip production, semiconductor fabs, chip assembly, packaging and testing, etc.
New Delhi, Aug 31 (IANS) In a major move towards developing the country as a global semiconductor manufacturing and design hub, the central government on Monday notified the SEMICON 2.0 scheme with an outlay of Rs 1.27 lakh crore. The ambitious scheme aims to develop domestic capabilities across the entire value chain of the semiconductor industry and make India self-reliant in chip manufacturing, design and advanced electronics production. Acc…
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