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flag India launches semiconductor mission 2.0 to boost domestic chip production and AI infrastructure.

flag India is preparing for India Semiconductor Mission 2.0, following its inclusion in the 2026 Union Budget, with the Ministry of Electronics and Information Technology confirming the preparatory phase is active. flag While no specific funding or timeline has been released, the initiative builds on the first phase, which supported ten major semiconductor projects involving silicon, silicon carbide, and gallium nitride. flag The mission aims to reduce reliance on imported chips and strengthen domestic AI server manufacturing, seen as critical infrastructure for the digital economy. flag Existing policies like the PLI scheme and a ₹40,000 crore component manufacturing fund are considered foundational, though specialized AI hardware may require further policy review. flag The government remains committed to evolving support as the sector advances.

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