India, Feb. 3 -- India Semiconductor Mission 2.0 marks a major shift in India's strategy for chip manufacturing and technology jobs. On 1 February 2026, Union Finance Minister Nirmala Sitharaman unveiled the India Semiconductor Mission (ISM) 2.0 in her ninth consecutive Budget speech, indicating a radical change in the Indian approach to technology and manufacturing. The announcement was one of the key Union Budget 2026 technology announcements focused on long-term industrial growth. The government is currently interested in developing an entire semiconductor ecosystem rather than chip assembly only, which encompasses equipment, materials and intellectual property design, and might radically change the role of China in the global supply c...