New Delhi, Feb. 1 -- Finance Minister Nirmala Sitharaman presented her ninth consecutive budget on Sunday, highlighting several key developments and proposals for the technological sector. This includes semiconductor, artificial intelligence (AI), electronics and more.

Here are seven key announcements under the technology and AI segment you must know.

The FM announced that the centre government will allocate Rs.40,000 crore in the budget 2026 to the electronic component manufacturing scheme (ECMS). To recall, this plan was initially allocated an amount of Rs.22,919 crore last year.

Notably, the government will begin the second phase of the Indian Semiconductor Mission (ISM). Building on the ISM 2.0, the government will produce equipmen...