Approximately how much amount will the government spend under Semicon 2.0?

The Government of India announced the launch of Semicon 2.0 on August 31, 2026, under which approximately ₹1.27 lakh crore will be spent on developing the semiconductor ecosystem, fostering wafer fabrication, chip design, packaging, R&D, and skill development. This scheme aims to train an additional 1 lakh semiconductor engineers and create approximately 50,000–60,000 direct jobs; the project duration will be six years, and the application period will be three years.