India is launching the second phase of its semiconductor mission, called ISM 2.0, in Union Budget 2026.
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Union Budget 2026: Sitharaman unveils India Semiconductor Mission 2.0; focus shifts to equipment, IP and supply chains
The Union Budget 2026 announced the launch of the second phase of India's Semiconductor Mission (ISM 2.0). This expanded initiative aims to boost domestic production of semiconductor equipment and materials, develop Indian intellectual property, and strengthen supply chains. Building on the success of the first phase, ISM 2.0 will focus on industry-led research and training centres, making it a significant policy move to enhance India's semiconductor capabilities and reduce reliance on imports.
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Key points
Exam-ready takeaways
ISM 2.0 will focus on producing semiconductor equipment and materials, designing Indian intellectual property, and strengthening supply chains.
The expansion of the semiconductor mission will include industry-led research and training centres.
The first phase of the semiconductor mission has been successful, leading to the launch of ISM 2.0.
ISM 2.0 is a major policy move to enhance India's semiconductor capabilities and reduce reliance on imports.
How to study
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Revise monthly events by exam family instead of reading random updates.
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