Centre to get Semicon 2.0 policy in place in next 3-4 months: Vaishnaw

In a significant development, Union Minister Vaishnaw has announced that the Centre will put the Semicon 2.0 policy in place within the next 3-4 months, in a major push to make India a semiconductor hub. This move is seen as a critical step in the country's bid to become a leading player in the global semiconductor industry.

Semicon 2.0, the next iteration of the Indian government's semiconductor policy, is expected to build upon the successes of its predecessor and address the challenges faced by the industry. The policy aims to create a comprehensive ecosystem that fosters innovation, growth, and investment in the semiconductor sector.

As part of Semicon 2.0, the government will place an equal focus on various segments of the semiconductor ecosystem, including ecosystem partners, equipment manufacturing, fabs, and ATMPs (Assembly, Testing, Marking, and Packaging). This approach recognizes the importance of a robust and diverse ecosystem in driving growth and innovation in the industry.

The inclusion of ecosystem partners in the policy is a significant development, as it acknowledges the critical role played by these partners in supporting the growth of semiconductor companies. By providing incentives and support to ecosystem partners, the government aims to create a more favourable business environment for the industry.

Equipment manufacturing is another area that will receive attention under Semicon 2.0. The government recognizes that the availability of specialized equipment is essential for the growth of the semiconductor industry. By promoting the development of equipment manufacturing, the government aims to reduce dependence on foreign imports and create a more self-sufficient industry.

Fabs (Fabrication plants) will also be a key focus area under the new policy. Fabs are the heart of any semiconductor manufacturing facility, and the government aims to promote the development of these facilities to meet the growing demand for semiconductors.

ATMPs, which are the backend processes in semiconductor manufacturing, will also receive attention under Semicon 2.0. The government recognizes the importance of these processes in determining the quality and reliability of semiconductors, and aims to promote the development of ATMPs to meet global standards.

The announcement of Semicon 2.0 has been welcomed by industry stakeholders, who see it as a significant step forward in the development of the Indian semiconductor industry. With the global demand for semiconductors growing rapidly, the Indian government's efforts to create a favourable business environment and promote innovation and growth are seen as timely and much-needed.

As the Indian government prepares to unveil Semicon 2.0, industry stakeholders are eagerly waiting to see the details of the policy. The success of the policy will depend on its ability to address the challenges faced by the industry and create a favourable business environment that promotes innovation and growth. One thing is certain, however - the Indian semiconductor industry is on the cusp of significant growth, and Semicon 2.0 is set to play a major role in driving this growth forward.