Semicon 2.0 draws $11–12 billion in investment commitments: Vaishnaw

New Delhi: The Government is seeing investment commitments worth about USD 11–12 billion under the newly launched Semicon 2.0 programme, IT Minister Ashwini Vaishnaw said on Thursday.

Speaking to reporters at SEMICON India 2026, Vaishnaw said the investment interest covers semiconductor equipment, materials, gases, chemicals, substrates, wafers and assembly, testing, marking and packaging (ATMP) units.

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He did not name the companies, saying they were expected to announce their plans after obtaining approvals from their boards and shareholders.

Investment pipeline takes shape

Vaishnaw said the pipeline provides visibility on investments under the second phase of India’s semiconductor programme, which was notified weeks ago.

He said Semicon 2.0 could generate nearly one lakh jobs across the semiconductor ecosystem, with eventual employment creation potentially exceeding that estimate.

The commitments signal early interest in the programme, although company announcements and the necessary corporate approvals are still pending.

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Push to expand the domestic chip supply chain

The Union Cabinet approved Semicon 2.0 in July with an outlay of Rs 1,27,500 crore. It covers six areas: chip design, machines and materials, semiconductor fabrication plants, ATMP and outsourced semiconductor assembly and testing (OSAT), research and development, and talent development.

The programme builds on the first Semicon India initiative, under which 12 semiconductor projects have been approved. Three have begun commercial production.

The second phase aims to expand India’s capabilities beyond chip packaging and develop a broader domestic supply chain spanning materials, equipment, design and fabrication.

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