Domestic chip design to receive big push through Rs 1.27 lakh crore Semicon 2.0
The Indian government launched the Rs 1.27 lakh crore Semicon 2.0 programme, focusing on domestic chip design and intellectual property. This initiative, approved in July, supports the establishment of fabless chip companies and offers incentives for designing chips for strategic and commercial purposes. The programme aims to enhance India's semiconductor capabilities and is expected to boost local manufacturing by 2026.