Semicon 2.0 scheme to raise subsidies; large chip design firms to benefit

The Semiconductor Incentive Scheme 2.0, which is likely to be announced within the next three-to-four months, is expected to offer subsidies not only to startups but also to larger companies involved in chip design.

Under the new scheme, the subsidy amount is likely to increase beyond the current limit, according to a report by the Financial Express. The report comes a week after the Union minister for electronics and IT, Ashwini Vaishnaw, indicated that the new scheme will significantly expand upon Semicon 1.0, encompassing the entire value chain from materials and wafers to fabs and chip assembly units.