Technology
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India seeks second chip fab by 2031 under Semicon 2.0
Livemint··1 Sept
The IT ministry invited global technology companies to build a second commercial chip fabrication plant operational by 2031 under its Semicon 2.0 programme on Monday. New Delhi will offer up to 40 percent cash incentives for facilities on standard 12-inch wafers. Applicants need to deploy at least Rs 20,000 crore of their own capital and possess production-grade licensed technology.
Prism
What It Means For You
- Semicon 2.0 offers up to 40 percent central cash incentives, down from 50 percent in the first scheme.
- The overall programme budget expands to Rs 1.28 trillion across six pillars.
- Display fab projects require at least Rs 10,000 crore in company capital.
What's Happening
- IT ministry invited global firms to build a second commercial silicon fab by 2031.
- Applicants need production-grade licensed technology and Rs 7,500 crore annual revenue by FY26.
- IT Minister Ashwini Vaishnaw announced Semicon 2.0 on August 31.
India semiconductor push
- India's first commercial silicon fab is a Tata Electronics joint venture in Gujarat.
- The original ISM scheme offered 50 percent incentives and brought one commercial fab.
- Semicon 2.0 also covers display manufacturing and compound semiconductors.
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