HomeTechnologySecond phase of semiconductor mission to focus on component, raw material companies: Ashwini Vaishnaw

Second phase of semiconductor mission to focus on component, raw material companies: Ashwini Vaishnaw

The introduction of the second phase is expected to take three to four months.

September 11, 2024 / 19:39 IST
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Semicon
In Semicon 2.0, the government will also focus on increasing the availability of raw materials.

The Union government is preparing to launch the second phase of the India Semiconductor Mission, which will expand efforts beyond semiconductor fabrication and chip packaging units to include component companies, raw material suppliers and other key players in the ecosystem, Electronics and Information Technology Minister Ashwini Vaishnaw said.

The introduction of the second phase is expected to take three to four months.

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"We are formulating Semicon 2.0, which will be a much broader version of the first phase, aimed at building the entire ecosystem," Vaishnaw stated at the Semicon India industry conference in Greater Noida.

In Semicon 2.0, the government will also focus on increasing the availability of raw materials.