Union Cabinet Approves Semicon 2.0 Worth ₹1.27 Lakh Crore to Scale India's Chip Ecosystem
Union Cabinet approved Semicon 2.0 with a ₹1,27,500 crore outlay covering chip design to talent development, alongside the ₹62,500 crore Mobile Phone Manufacturing Scheme. Relevant for UPSC, UPPSC and state PSC aspirants in GS Paper 3 under Industrial Policy.
- Union Cabinet approved Semicon 2.0 with a ₹1,27,500 crore outlay on 15 July 2026, chaired by PM Narendra Modi.
- Six pillars: Chip Design, Machines & Materials, Fabs, ATMP/OSAT, R&D, and Talent Development.
- Builds on India Semiconductor Mission (ISM) 1.0's 12 approved projects worth ₹1.64 lakh crore, including Tata Electronics' Dholera fab.