--- title: "Semicon 2.0 opens for ₹1,27,500 crore; 5 of the first 12 chip projects now produce" summary: "What the electronics ministry said on 6 November: which Semicon 2.0 pillars now take applications, how many first-round chip projects produce, and 12 new component plants." url: https://www.thetechbag.com/blog/semicon-2-0-127500-crore-applications-open format: Note desk: "Markets & the AI economy" region: India published: 2026-11-12 facts_checked: 2026-11-12 author: TechBag (The TechBag Journal) tags: ["Semicon India 2.0","India Semiconductor Mission","semiconductor incentive India","ISM 2.0","Semicon 2.0","Semicon India programme","ECMS","Electronics Component Manufacturing Scheme","semiconductors","chip fab","ATMP","OSAT","Micron","Kaynes Semicon","CG Semi","MeitY","Ashwini Vaishnaw","copper foil"] cover: https://www.thetechbag.com/blog/covers/semicon-2-0-127500-crore-applications-open.png --- # Semicon 2.0 opens for ₹1,27,500 crore; 5 of the first 12 chip projects now produce *What the electronics ministry said on 6 November: which Semicon 2.0 pillars now take applications, how many first-round chip projects produce, and 12 new component plants.* Note · Markets & the AI economy · By TechBag · Published 2026-11-12 · Facts checked 2026-11-12 · Canonical: https://www.thetechbag.com/blog/semicon-2-0-127500-crore-applications-open India’s second chip programme, Semicon 2.0, with a budget of ₹1,27,500 crore, began taking applications on 6 November for three of its six pillars: machines and materials, new fabs, and chip assembly and packaging. The same day the electronics ministry said 5 of the 12 chip projects approved in the first round were in commercial production as of October; those 12 carry more than ₹1.64 lakh crore of investment.[1] ₹1,27,500 cr Semicon 2.0’s budget, approved by the Cabinet on 15 July Cabinet 5 of 12 first-round chip projects in commercial production by October MeitY ₹1.64 lakh cr investment across the first round’s 12 projects MeitY ₹7,503 cr investment in 12 component plants approved the same day MeitY ## What opened on 6 November The Cabinet approved Semicon 2.0 on 15 July with six pillars: chip design; machines and materials; more fabs; assembly and packaging, known as ATMP or OSAT; research; and talent.[2] A fab prints circuits onto silicon wafers; an ATMP unit cuts the wafers into chips, then packages and tests them. The machines-and-materials pillar offers incentives to companies that make the equipment, chemicals and gases fabs consume.[2] The portal opened for pillars 2, 3 and 4, and the minister, Ashwini Vaishnaw, set a target of at least three major equipment makers and five chemicals and gases companies.[1] Neither release gives the support rates or a closing date for applications. TechBag countLarger than the first programme The first programme, approved in December 2021, had ₹76,000 crore.[3] Semicon 2.0’s budget is 1.68 times that. ## Which of the first 12 produce The first round approved one silicon fab, one silicon carbide fab, a gallium nitride micro-LED display fab and nine packaging units; the first fab is scheduled to be commissioned in 2028. In July the Cabinet named three companies in commercial production, Micron, Kaynes and CG Semi, and expected one more in 2026.[2] By October the count was five; the November release does not name the other two.[1] On design, 24 start-ups have received funding and 105 have access to chip-design software; 70,000 students at 332 institutions have been trained on it.[1] ## The component plants approved the same day Under a separate scheme for electronic components, ECMS, the ministry approved 12 more applications: ₹7,503 crore of investment, ₹39,045 crore of projected production and 7,127 direct jobs across seven states. They include the scheme’s first approvals for copper foil, an input for circuit-board laminates and lithium-ion cells (Indo Asia Copper), cathode active material (Vidyuta Materials) and specialty ceramics (Voltix Semicon). Multi-layer circuit boards went to NeST ICELR, and factory-automation equipment to Rockwell Automation India and Wipro Pari Robotics.[1] ECMS now counts 118 approvals: ₹77,051 crore of investment, ₹5,73,146 crore of projected production and 81,755 jobs, across 34 products and 16 states.[1] What to watch: the names of the two newest producers, the support rates for the second round, and the first fab’s 2028 date. How the world’s largest chip maker’s sales are running is in [our TSMC monthly-revenue Trend](https://www.thetechbag.com/blog/tsmc-october-record-assemblers-ai-server-revenue). How we did this Figures as of 12 November 2026, 8:30pm IST The November figures are the electronics ministry’s, from its release of 6 November; production “as of October 2026” is its wording. The project types, the 2028 fab date and the three companies in production are from the Cabinet release of 15 July, as published on the Prime Minister’s website. The ₹1.64 lakh crore is investment by the 12 projects, not government spending; ₹1,27,500 crore and ₹76,000 crore are government budgets. Our arithmetic: 1.68 times, and two projects added between July and October. ECMS figures are projections at approval, not money spent or output made. Spotted an error? Write to us; corrections are published at the foot of the piece. Sources 1. [Ministry of Electronics and IT (PIB): Union Minister Ashwini Vaishnaw launches Semicon 2.0 web application portal and announces 12 approved applicants under ECMS](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2333716) — 6 November 2026 2. [Cabinet: Cabinet approves Semicon 2.0 (PM India)](https://www.pmindia.gov.in/en/news_updates/cabinet-approves-semicon-2-0-government-delivers-on-its-commitment-for-a-long-term-policy-support-to-semiconductors-in-india/) — 15 July 2026 3. [Cabinet (PIB): Programme for development of semiconductors and display manufacturing ecosystem in India, ₹76,000 crore](https://www.pib.gov.in/PressReleasePage.aspx?PRID=1781723) — 15 December 2021 **Disclosure.** TechBag is a software reseller: it earns when companies buy through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view. Go deeper on TechBag - [TSMC hit a record NT$586.9bn in October](https://www.thetechbag.com/blog/tsmc-october-record-assemblers-ai-server-revenue) — what the world’s largest chip maker sells, month by month - [Taiwan’s TAIEX fell 12.2% in a week](https://www.thetechbag.com/blog/taiex-down-12-percent-week-kospi-halt) — Taiwan’s and Korea’s chip-heavy indexes in the first week of November