New Delhi, July 17 -- The India Semiconductor Mission (ISM) 2.0 is a "transformational step" that will help the country move from establishing credibility in semiconductor manufacturing to developing long-term capabilities, Ashok Chandak, CEO and President of SEMI India, said on Friday.

Chandak, who is also President of the India Electronics and Semiconductor Association (IESA), said the continuity of government policy and the focus on developing the wider semiconductor ecosystem were the key takeaways from the Union Cabinet's approval.

"I would call this a really transformational step towards building what we call a trusted, self-reliant and globally competitive semiconductor ecosystem," he said.

Describing India's semiconductor journ...