Union Cabinet Approves Semicon 2.0 with Rs.1.27 Lakh Crore Outlay

Union Cabinet Approves Semicon 2.0 with Rs.1.27 Lakh Crore Outlay

• Approved by: Union Cabinet chaired by PM Narendra Modi.
• Scheme: Semicon 2.0 - new semiconductor incentive programme.
• Outlay: Rs 1,27,500 Crore.
• Aim: Develop India's semiconductor design and manufacturing ecosystem, position India as global hub for design, manufacturing, innovation. Holistic ecosystem approach.
• Builds on: Semicon 1.0 / India Semiconductor Mission [ISM] 1.0.
• 6 Pillars of Semicon 2.0:
  1. Design
  2. Machines & Materials
  3. Setting up More Fabs
  4. ATMP/OSAT industry [Assembly, Testing, Marking, Packaging / Outsourced Semiconductor Assembly and Test]
  5. R&D
  6. Talent development
• Progress of ISM 1.0:
  • 12 semiconductor manufacturing projects approved, cumulative investment > Rs 1.64 lakh Cr.
  • Design: 24 design projects from startups/MSMEs approved.
  • EDA tools access to 105 startups/MSMEs.[Electronic Design Automation]
• UPSC Relevance: GS3 - S&T, Manufacturing, Semiconductor ecosystem, Atmanirbhar Bharat.
• Mains Angle: Geopolitics of chips, supply chain resilience, China+1.