The Union government has notified the operational framework for Semicon 2.0, the next phase of the India Semiconductor Mission, with a total approved outlay of ₹1,27,500 crore. Unlike a semiconductor policy focused only on building fabrication plants, Semicon 2.0 covers the complete value chain—chip design, indigenous intellectual property, semiconductor equipment and materials, fabrication, advanced packaging, research and talent. The design pillar is especially significant because India possesses a large semiconductor engineering workforce but still lacks comparable Indian-owned chip products and intellectual property.