Knowledge Nugget | India Semiconductor Mission 2.0: How is India betting big on semiconductors now?

Take a look at the essential events, concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here’s your UPSC Current Affairs knowledge nugget for today on India Semiconductor Mission 2.0. The Union Cabinet recently approved the second iteration of India’s ambitious Semiconductor Mission, with an outlay of Rs Rs 1.27 lakh crore. The fresh scheme will carry a key focus on subsidising the supply chain around chip manufacturing to attract companies producing commodities like gases, and chemicals used in the production process. The duration of the scheme is six years.1. Under ISM 2.0, the government has widened the scope of incentives, lowered its funding share for mature segments and redesigned the Design Linked Incentive (DLI) scheme to attract larger companies and priva