India notifies ₹1.27 lakh crore 'Semicon 2.0' plan to boost chip ecosystem

The Indian government has notified its 'Semicon 2.0' programme, a comprehensive ₹1.27-lakh-crore scheme aimed at building a domestic semiconductor ecosystem. The policy includes incentives such as 40% fiscal support for large fabrication plants and 35% for smaller fabs with a minimum investment of ₹500 crore. The initiative also targets developing a talent pool of 100,000 engineers and offers funding up to ₹15 crore for chip design startups.