India's Big Semiconductor Bet: ISM 2.0 Launched, Companies Gear Up for Chip Manufacturing

• India Semiconductor Mission (ISM) 2.0 has been launched, focusing on developing deep chip manufacturing capabilities and strengthening the semiconductor sector.
• Leading electronics companies like Syrma SGS and Dixon Technologies are re-evaluating their strategies to enter the semiconductor and chip components sector.
• ISM 2.0 emphasizes equipment, materials, full-stack Indian IP, and a robust supply chain, building on the ₹76,000 crore incentive of ISM 1.0.
• The budget allocates ₹40,000 crore for the Electronics Components Manufacturing Scheme (ECMS) and an additional ₹8,000 crore for the semiconductor and display ecosystem.
• The government aims for India to become a global chip hub, fostering over 50 design startups and strengthening 'Make in India' and 'Atmanirbhar Bharat' visions.