New Delhi, July 17 -- The Centre will remain an investor in semiconductor startups until they begin generating revenue under the second edition of the India Semiconductor Mission (ISM 2.0), marking a significant shift in the government's strategy to help chip companies survive the long and capital-intensive process of developing commercial products. The new policy is designed to bridge what the semiconductor industry describes as the "valley of death" - the period after a startup has demonstrated its technology but before it begins earning revenue, when raising fresh capital is often most difficult. Under ISM 2.0, approved by the Union Cabinet on Wednesday with an outlay of Rs.1.27 lakh crore, the government will invest alongside semiconduc...