India Semiconductor Mission (ISM)
The India Semiconductor Mission was established to build a domestic semiconductor manufacturing ecosystem. Under ISM 1.0, the government approved 10 projects with cumulative investments of approximately Rs 1.60 lakh crore across 6 states. The mission operates under MeitY and provides fiscal support of up to 50% of project costs for semiconductor fabs and up to 50% for display fabs, with additional incentives for ATMP (Assembly, Testing, Marking, and Packaging) units.
- Key approved projects under ISM 1.0:
- Tata Electronics: Semiconductor fab at Dholera, Gujarat; ATMP unit at Jagiroad, Assam (targeting 48 million chips/day)
- Micron Technology: US$2.75 billion ATMP plant at Sanand, Gujarat (DRAM and NAND products)
- CG Power (Murugappa Group): ATMP at Sanand, Gujarat (partnership with Renesas and Stars Microelectronics); investment of Rs 7,600 crore; capacity of 15 million chips/day
- Four additional semiconductor units approved on 12 August 2025 with outlay of Rs 4,600 crore
- ISM 2.0 planned to extend support for 5-6 additional years
- Commercial chip production has commenced across multiple facilities as of early 2026
- India's semiconductor market estimated to reach US$64 billion by 2026 (from US$27 billion in 2021)
● Tracked since February 07, 2026 · last seen September 20, 2026 · updates as the daily brief publishes
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