Semicon India 2024 will launch the second phase of the India Semiconductor Mission, Semicon 2.0, expanding beyond fabrication to include a broader ecosystem. This phase will involve component manufacturers, raw material suppliers, and key stakeholders, boosting growth in semiconductor stocks and industry development.
Speaking at the Semicon India Industry Conference, Minister Ashwini Vaishnaw emphasised that Semicon 2.0 aims to develop the entire semiconductor ecosystem. This expanded mission will focus on increasing the availability of essential raw materials and is expected to take three to four months to fully formulate.
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The Ministry of IT also plans to present modernization proposals for the Semiconductor Laboratory in Mohali. Additionally, industry-academia collaborations will be strengthened to develop specialised materials, gases, and equipment crucial to the semiconductor industry.
Over 250 chemicals and gases are needed for semiconductor production. Vaishnaw noted that the ongoing mission has already approved five semiconductor units, with construction underway at Micron’s and Tata’s facilities. India has set global benchmarks for speedy approvals in the semiconductor sector.
Education has been a major focus of the mission, with 113 universities and R&D organisations adopting semiconductor courses. Programs like LAM Research’s Semiverse, now implemented in 74 universities, have trained over 2,600 students this year, aligning education with industry needs.
India’s semiconductor design strength is growing, with over 300,000 engineers already in the field. The mission has provided financial support to 13 design ecosystem partners, with some already attracting venture capital interest. Applied Materials’ India Validation Center in Bengaluru further supports the development of fabs and ATMP units.
