Scale-up phase awaits semicon, EMS companies as Centre deepens play
India moved from signing memorandums of understanding to setting those plans in motion in the semiconductor space in 2025. While the India Semiconductor Mission (ISM) 1.0 was about “attracting the big fish”, experts said the industry is expecting ISM 2.0 to signal the “scale-up phase”, helping India become a credible node in the global silicon value chain.
“The coming year will be about functionalising the 2025 investments,” Ashok Chandak, president of the India Electronics & Semiconductor Association (IESA) and SEMI India, told ET. “ISM 2.0 will position India as not just a participant but a pillar of the global semiconductor supply chain. It could shift focus from just silicon fabs to display fabs, advanced packaging and specialised chemicals/gases.
