India Approves Rs 1,27,500-Crore Semicon 2.0 as Three Chip Plants Reportedly Produce

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved Semicon 2.0 on 15 July 2026 with a total budget outlay of Rs 1,27,500 crore, according to a Press Information Bureau release from the Ministry of Electronics & IT. The release said the programme rests on six pillars: design, machines and materials, additional fabs, advanced packaging, research and development, and talent development. ^{[3] [3]}

The same release reported that, under the earlier phase, twelve manufacturing units had been approved with cumulative investment of over Rs 1.64 lakh crore, including a silicon fab, a silicon carbide fab, an integrated gallium nitride micro LED display fab and nine packaging units. It stated that three companies, Micron, Kaynes and CG Semi, had started commercial production and one more was expected to start in 2026. A second release dated the same day put the count at twelve approved projects across six states and named the three producers as Micron ATMP, Kaynes Semicon and CG Power OSAT. ^{[3] [3] [5] [5]}

On design, a Ministry of Electronics & IT release dated 13 March 2026, reporting information submitted by Minister of State Jitin Prasada in the Rajya Sabha, recorded 24 approved chip design projects with a total project value of Rs 900 crore and 14 companies that had raised venture capital. A January 2026 release recorded Union Minister Ashwini Vaishnaw saying the Design Linked Incentive Scheme supports 24 startups, with a stated target of at least 50 fabless semiconductor companies in the next phase. ^{[7] [7] [6] [6]}

Separately, a single YourStory column published on what it frames as Modi's 76th birthday listed 17 government moves, including a Rs 1 lakh crore Research, Development and Innovation Fund that it said the Cabinet approved on 1 July 2025 and the prime minister launched on 3 November 2025. It also cited more than 38,000 GPUs available to startups and researchers under the IndiaAI Mission at a subsidised rate of about Rs 65 an hour. Those figures rest on that outlet alone in the captured record and were not independently verified. ^{[1] [1]}

The semiconductor figures in the captured record come from Press Information Bureau statements attributable to the government, not from independent verification; two same-day releases restate one official position rather than providing separate evidence. No captured source establishes that a birthday event occurred or that the listed moves were timed to it. ^{[3] [5] [1]}