Overview
- SEMICON India 2026, which opened Thursday, was used by Prime Minister Narendra Modi to formally launch the India Semiconductor Mission 2.0 with an expanded outlay of about $13.5 billion focused on building an end-to-end domestic ecosystem.
- ISM 2.0 sets concrete targets to support at least 200 chip-design startups and to train 100,000 technicians and factory-floor workers while building applied R&D links between industry and universities.
- The Centre has received nearly $12 billion in investment proposals under ISM 2.0 and major corporate commitments were disclosed at the event, including Applied Materials’ announced $5 billion plan under its Vision 2035.
- India has approved 12 manufacturing and packaging projects and several units have moved from pilot lines into commercial production, with companies such as Micron, Kaynes, CG Semi, CDIL, Suchi Semicon and Tata Electronics reported as shipping or beginning operations.
- Officials say ISM 2.0 will use co-investment incentives, faster clearances and industry‑driven R&D to build local supplies of equipment, chemicals and packaging capability, a push that could create roughly 100,000 jobs and help cut India’s heavy chip import dependence over time.