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The government is planning a ₹1.2 lakh crore push for Semicon Mission 2.0, taking India’s chipmaking ambitions to the next level.
The deets: after spending ₹76,000 crore in Phase 1, the new version will shift focus from just factories to R&D, chip design, and innovation. The aim is to build deeper capabilities across the entire semiconductor value chain, not just assembly.
A big highlight: India now wants to target advanced chips (3nm and 2nm), the kind used in cutting-edge AI and high-performance computing.
Context: under the first phase, India has already approved 10 projects worth ₹1.6 lakh crore, including Micron’s chip plant, Tata’s fab unit, and Foxconn’s assembly plans. Companies like Kaynes have also started production, showing early momentum.
Why it matters: semiconductors power everything, from smartphones to EVs to AI.
India currently imports over 85–90% of its semiconductor needs, making it highly dependent on global supply chains. The country’s semiconductor demand is expected to touch $100–110 billion by 2030, up from around $30–35 billion today.
By investing ₹1.2 lakh crore, India is trying to capture even a small share of this massive opportunity while reducing import dependence.
