The Startup Policy Forum (SPF) has launched The Semicon Consortium, a new industry alliance designed to unite semiconductor startups, investors, and global technology players under a single coordinated framework.
The initiative was unveiled during the Semicon Baatcheet dialogue, chaired by S.
25 lakh crore (around $15 billion) for the second phase of the India Semiconductor Mission (ISM 2.
Krishnan, Secretary of India’s Ministry of Electronics and Information Technology (MeitY), marking a formal step toward operationalizing the country’s expanded semiconductor ambitions.
The consortium’s creation coincides with the Indian government’s approval of a budget proposal totaling approximately ₹1.25 lakh crore (around $15 billion) for the second phase of the India Semiconductor Mission (ISM 2.0).
This substantial allocation underscores New Delhi’s commitment to building a domestic chip ecosystem, moving beyond policy announcements to structured industry collaboration.
The government has also clarified that the ISM 2.0 policy will not impose caps on equity-linked incentives for domestic chipmakers, a measure intended to attract large-scale private investment in advanced semiconductor manufacturing.