After Tata, India eyes second chip fab by 2031 with at least $2bn investment
India has launched Semicon 2.0 with a ₹1.28 trillion budget to fund a second commercial silicon fabrication plant by 2031 alongside its first display fab.
New Delhi is looking to establish the nation as a significant semiconductor hub by inviting global technology firms to construct a second commercial chip fabrication plant by 2031, with an anticipated investment of at least $2 billion. The government aims to phase out direct subsidies through a program called Semicon 2.0, which will offer up to 40% in cash incentives for advanced facilities utilizing standard 12-inch wafers.
Eligibility for these incentives will be restricted to well-established manufacturers capable of investing a minimum of ₹20,000 crore ($2.1 billion) of their own funds.
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