India has attracted investment commitments worth approximately ₹1 lakh crore ($11-12 billion) under the recently approved Semicon 2.0 mission, Union Minister Ashwini Vaishnaw announced at Semicon India 2026. The capital is expected to be deployed over the next two to three years by global players in capital equipment, materials, specialty gases, and advanced packaging as the country expands its domestic electronics value chain.
These commitments were revealed during Vaishnaw’s address, based on his discussions with companies, some of which have not yet made their plans public. Notably, US semiconductor firm Applied Materials pledged a $5 billion (about ₹48,000 crore) investment earlier the same day. Vaishnaw also noted the government aims to support at least 200 startups and companies under Semicon 2.0. In the initial phase, over 105 startups attempted chip design, with around 20 securing venture capital funding totaling roughly ₹800 crore.
Semicon 2.0 follows the initial India Semiconductor Mission (Semicon 1.0), which was launched in December 2021 with an outlay of ₹76,000 crore. Under Semicon 1.0, 12 semiconductor manufacturing units were approved with cumulative investments exceeding ₹1.64 lakh crore. Vaishnaw described Semicon 1.0 as laying the foundation, while Semicon 2.0 focuses on establishing a robust ecosystem to scale the sector further.
The government approved Semicon 2.0 in July 2026, marking a strategic push to strengthen India’s semiconductor manufacturing capabilities. The next phase aims to accelerate the country’s position in the global semiconductor value chain with targeted investments and startup support, as outlined by the Union Minister at the event.