Cabinet approves Semiconductor Mission 2.0 with Rs 1.27 lakh crore outlay
The Union Cabinet approved Semiconductor Mission 2.0 with an outlay of ₹1.27 lakh crore, aiming to subsidise the supply chain for chip manufacturing over six years. This iteration reduces government incentives compared to the first scheme, offering 40% subsidies for silicon fabs and 35% for other fabs, while also supporting research and talent development in the sector. The initiative seeks to bolster India's semiconductor capabilities amid rising global demand and geopolitical tensions.