India secures $12B in investment commitments for Semicon 2.0

India just pulled in roughly $12 billion in investment commitments for its Semicon 2.0 initiative, the second phase of a national push to become a serious player in global chip manufacturing. The program carries a government outlay of approximately $15 billion, making it one of the largest state-backed semiconductor bets outside of the US and East Asia. What Semicon 2.0 actually looks like Approved by India’s Cabinet on July 15, 2026, and officially notified on August 31, Semicon 2.0 is designed to cover the full semiconductor value chain. That means fabrication facilities, chip design, equipment and materials manufacturing, advanced packaging, and research and development. The program offers up to 40% capital expenditure support for silicon wafer fabs, but only for projects that clear a minimum investment threshold of roughly $2.4 billion (₹20,000 crore). On the talent side, the initiative targets training approximately 100,000 skilled professionals in semiconductor-related fields. It also plans to co-invest in or support at least 200 chip design startups. The official unveiling coincided with the SEMICON India 2026 event, held from September 17-19, where international firms lined...