Summary
The initiative builds on Semicon 1.0 and adds focus on research, design tools, advanced packaging, specialised equipment and skilled workforce development.
India aims to reduce reliance on imports, support sectors such as smartphones, electric vehicles, space missions and Artificial Intelligence.
Projected chip demand could reach $110 billion by 2030, prompting investment in 12 manufacturing units and thousands of design projects.
International partnerships with the United States, Japan, Europe and others will complement the domestic effort.