India Hits Semiconductor Milestone with 12 Units Approved!

India's semiconductor industry takes a leap forward with 12 manufacturing units greenlit under the India Semiconductor Mission. Minister Ashwini Vaishnaw confirmed three plants are already producing commercial chips. The recently approved Semicon 2.0 aims to bolster domestic equipment and materials manufacturing with a 30% incentive. This ambitious initiative targets a self-sufficient semiconductor ecosystem amid challenges in industrial capabilities.