India’s ₹1.27 Trillion Semicon 2.0 Scheme Boosts Chip Manufacturing
By Business Desk
India launches Semicon 2.0 scheme with ₹1.27 trillion to boost domestic chip manufacturing, covering design, fabrication, packaging, and testing for a sovereign semiconductor ecosystem.
The Indian government has officially rolled out its Semicon 2.0 scheme, committing a substantial ₹1.27 trillion to bolster the nation’s domestic chip manufacturing ecosystem. This comprehensive initiative aims to develop resilient, trusted, and sovereign semiconductor technologies within the country.
Key Financial Commitments
- Total outlay for the scheme: ₹1.27 trillion
- Segments of the semiconductor value chain receiving fiscal support: six
Broadening Semiconductor Development Across the Value Chain
The scheme provides targeted fiscal support across various crucial stages of the semiconductor value chain. These segments encompass vital areas such as chip design, fabrication, packaging, and testing, covering a significant portion of the industry’s operational requirements.
Strategic Focus on National Infrastructure and Security
A primary goal of Semicon 2.0 is to foster the creation of robust and independent semiconductor technologies. This focus includes the design, development, and deployment of specific target segment technologies essential for India’s national strategic and critical infrastructure.
Cultivating Local Intellectual Property and Core Building Blocks
Furthermore, the initiative actively encourages the indigenous development of semiconductor Intellectual Property (IP) cores, Chips, System-on-Chips (SoCs), and modules for electronic products. The program prioritizes foundational building blocks like standard IPs for diverse applications such as Compute, Memory, RF, Power, Networking, and Sensors.