Union Cabinet Approves ₹1.27 Lakh Crore for Semiconductor Mission 2.0
On July 15, 2026, the Union Cabinet approved ₹1.27 lakh crore for the second edition of the India Semiconductor Mission, as announced by IT Minister Ashwini Vaishnaw. The initiative aims to attract investments of approximately ₹4 lakh crore and generate semiconductor production worth ₹2 lakh crore. The new scheme will incentivise suppliers of raw materials and focus on the entire semiconductor value chain, including chip design and production. The first edition of the mission received ₹76,000 crore and approved 12 projects with investments of around ₹1.64 lakh crore. The scheme is expected to address the global memory chip shortage and enhance production capacity for artificial intelligence devices.
Published 5 hours ago • 15 Jul 2026, 04:32 PM IST