The Union Cabinet has approved 'Semicon 2.0' with a total outlay of ₹1.27 lakh crore to holistically develop the semiconductor design and manufacturing ecosystem in India.
The scheme is structured around 6 key pillars: Design, Machines and materials, setting up more fabs, strengthening the Assembly, Testing, Marking, and Packaging (ATMP) and Outsourced Semiconductor Assembly and Test (OSAT) industry, Research & Development (R&D), and Talent development.
To date, the government has approved 12 semiconductor manufacturing units with a cumulative investment of over ₹1.64 lakh crore. Additionally, 24 semiconductor design projects from start-ups and Micro, Small and Medium Enterprises (MSMEs) have been approved for financial support, and 105 entities have been granted access to industry-standard Electronic Design Automation (EDA) tools.