Semicon 2.0: India's ₹1.27L cr chip boost gets serious

economictimes.indiatimes.com ·1d ago

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.

Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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