ISM 2.0: Chip firms want govt to focus on components, maintain same incentive structure

The semiconductor companies and their industry associations on Tuesday urged the government to maintain a similar level of incentives, funding structure, and also support the chip components sector in the next leg of the India Semiconductor Mission (ISM).

The same assumes significance as the government is nearing the completion of the Rs 76,000 crore outlay announced under the ISM. So far, with a 50% subsidy, it has committed about Rs 62,000 crore of the overall outlay for five chip projects.