India, Sept. 9 -- On August 31, the ministry of electronics and information technology (MEITy) notified Semicon 2.0, an overhaul of India's semiconductor incentive architecture. Four things stand out. Chip design, for the first time, is front and centre in the scheme rather than an afterthought, a sensible bet given India's real comparative advantage in design talent. Second, the India Semiconductor Mission (ISM) now runs design as well as manufacturing. Until now, design was with the Centre for Development of Advanced Computing (C-DAC). Third, research and talent development now get specified fiscal backing. Fourth, upfront capex support across manufacturing categories has been recalibrated into a narrower band, mostly 30-40%, down from ...