Cabinet Clears Rs 1.25 Lakh Crore ISM 2.0 to Boost Chip Manufacturing
Union Cabinet approved second phase of India Semiconductor Mission 2.0 with fiscal outlay of Rs 1.25 lakh crore.
ISM 2.0 extends program lifecycle from five years to 12 years to reassure long-term investors.
Shift from capacity building to vertical integration, funding domestic production of semiconductor equipment, raw materials, chemicals, and gases.
A significant portion of capital earmarked to cultivate homegrown, full-stack Indian Intellectual Property in chip architecture.
Phase one (ISM 1.0) launched December 2021 with Rs 76,000 crore budget, approved 12 projects with cumulative investment over Rs 1.64 lakh crore.
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