PrelimsPolity & Governance
Cabinet Approves Semicon 2.0 with ₹1.27 Lakh Crore Outlay
Semiconductor MissionCabinet Approval
Why in News?
The Union Cabinet approved Semicon 2.0 with a total outlay of ₹1,27,500 crore.
Key Details
The programme aims to strengthen India’s semiconductor ecosystem across chip design, fabrication, packaging, research and development, equipment and materials, and skilled manpower.
It builds on the first phase of the India Semiconductor Mission, under which multiple semiconductor projects were approved.
A major focus is development of domestic capabilities across the semiconductor value chain rather than dependence on a single segment.
Exam Connect
India Semiconductor Mission → National programme to develop semiconductor and display manufacturing ecosystems.
Semicon 1.0 (Launched 2021)
Semicon 2.0 (Launched 2026)