Semicon 2.0: Cabinet Clears ₹1.27 Lakh Crore Push To Build India’s Chip Powerhouse

The Union Cabinet has approved Semicon 2.0 with an outlay of ₹1,27,500 crore to accelerate India’s semiconductor ambitions. The programme will strengthen the ecosystem through six strategic pillars: chip design, equipment and materials, additional fabrication plants, stronger ATMP and OSAT capabilities, research and development, and skilled talent creation. Building on Semicon 1.0, the new phase aims to create resilient domestic supply chains, attract global investment, reduce import dependence and position India as a major semiconductor manufacturing and innovation hub. The initiative could support advanced technology production, high-skilled employment and India’s expanding role in the global electronics value chain over time.