Semiconductors: Betting big

La Excellence IAS Academy

Semiconductors: Betting big

Current Affairs Daily Editorials

La Excellence IAS Academy | March 2, 2024 | Economy

Syllabus: GS- III, Subject: Economy, Topic: Industry and Industrial Policy, Issue: Semiconductor Industry

Why in the news: Union cabinet approved three chip projects worth Rs 1.26 lakh crore.

Government incentive to boost semiconductor manufacturing:

  • In 2021, the government launched a Rs. 76,000 crore chip incentive scheme.
  • Plans to modernize the Semiconductor Laboratory with a Rs. 10,000 crore outlay.


  • A robust domestic ecosystem will reduce reliance on foreign sources and enhance supply chain security.
  • The government offers fiscal and regulatory support but must ensure a stable policy environment for sustained growth.

Source: Indian Express

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