India Boosts Semiconductor Manufacturing with 12 New Units and $20 Billion Investment, Approves Semicon 2.0

India's Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, announced a significant expansion of the country's semiconductor manufacturing ecosystem. With 12 new units and a total investment of approximately $20 billion, three units are already producing chips. The approval of "Semicon 2.0" signals further strategic efforts to establish India as a major semiconductor hub.