India Semiconductor Mission 2.0: Strengthening India’s Chip Ecosystem

In the Union Budget 2026-27, the Government announced India Semiconductor Mission (ISM) 2.0 to strengthen domestic chip manufacturing as well as semiconductor equipment and materials production. India Semiconductor Mission 2.0 marks a transition from building initial capacity to consolidating and scaling the semiconductor ecosystem. The Union Budget 2026-27 has allocated Rs.1,000 crore for the new phase, focusing on domestic manufacturing, innovation, and talent development.

Key Highlights of ISM 2.0

  • Focus on full-stack semiconductor development, including equipment, materials, design, and manufacturing.
  • Strong push for industry-led research, training centres, and skill development initiatives.
  • Building on initial efforts, ISM 2.0 focuses on securing raw materials, ....
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