Union Budget 2026: India Semiconductor Mission 2.0 Accelerates Chip Self-Reliance
Finance Minister Nirmala Sitharaman launched India Semiconductor Mission (ISM) 2.0 during her Union Budget 2026 presentation, backed by a substantial ₹40,000 crore outlay to capitalize on ISM 1.0’s success in expanding domestic semiconductor capabilities. Advanced Manufacturing and IP Focus ISM 2.0 targets production of critical equipment and materials, full-stack chip
Budget 2026: Semiconductor Mission 2.0 Powers India’s Tech Self-Reliance
Finance Minister Nirmala Sitharaman announced the launch of India Semiconductor Mission (ISM) 2.0 during her Union Budget 2026 speech, building on the success of ISM 1.0 that significantly expanded India’s semiconductor sector capabilities. This ambitious upgrade targets equipment production, materials development, full-stack design with indigenous IP, and fortified supply chains.
