India's Cabinet Approves $13.3 Billion Chipmaking Subsidy Round Two
Semicon 2.0 follows the 2021 program whose roughly $10 billion in incentives funded Micron's Sanand packaging plant.
- India's Cabinet approved Rs 1,27,500 crore, about $13.3 billion, on July 15, 2026.
- The scheme builds on December 2021's Rs 76,000 crore, roughly $10 billion, incentive program.
- That 2021 program funded Micron's assembly and test facility in Sanand, Gujarat.
Why it matters: Five years after the first check, the industry needs a second one: subsidy sustains this capacity, not competitiveness.
India Semiconductor Mission (ism.gov.in) ↗ · Jul 15, 20267/15/26 · ✓ Checked✓ Check