India Semiconductor Mission 2.0 Announced in Budget 2026; Semiconductor Stocks Surge

• Finance Minister Nirmala Sitharaman announced India Semiconductor Mission 2.0 in Budget 2026 on February 1.
• The mission focuses on developing equipment, materials, full-stack Indian IP design, and strengthening the supply chain.
• A provision of 1,000 crore rupees is allocated for FY 2026-27 for industry-led research and training centers.
• Following the announcement, shares of CG Power, MIC Electronics, and Kaynes Technology India surged up to 6%.
• The outlay for the Electronics Components Manufacturing Scheme (ECMS) is proposed to be increased to 40,000 crore rupees.

Why It Matters: Budget 2026's India Semiconductor Mission 2.0 aims to boost domestic semiconductor manufacturing and R&D.