India Unveils New $15 Billion Semiconductor Mission Phase
The Indian government is gearing up for the second phase of the India Semiconductor Mission (ISM), aiming to boost the semiconductor industry significantly. IT Secretary S Krishnan revealed that the design is finalized, and discussions with industry stakeholders are in progress. This phase focuses on supporting raw materials and equipment essential for chip manufacturing, with a fresh investment plan of $15 billion. The government also wants to enhance incentives for fabless semiconductor companies to encourage innovation. So far, the first phase has attracted investments worth $18 billion, with major projects like Tata-PSMC's fab and Micron's packaging unit underway.
