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India Bets Big on Chips: Cabinet Clears ₹1.28 Lakh Crore for Semiconductor Mission 2.0
Inc42 Media·Thursday, 16 July 2026
The Union Cabinet has approved Semicon 2.0, the second phase of India's semiconductor mission, with a massive outlay of ₹1.28 lakh crore. The goal is to build a stronger domestic chip ecosystem. This follows the earlier semiconductor push that attracted companies like Tata and Micron.
Why It Matters
Chips power everything from your phone to your car — India wants to make them at home instead of depending on China or Taiwan.
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