The Expenditure Finance Committee (EFC) of the Indian government has approved a funding allocation of INR 1.25 trillion (approximately US$13 billion) for the second phase of the India Semiconductor Mission (ISM 2.0). The proposal will be submitted to the Union Cabinet for consideration. This funding represents a significant increase from the INR 760 billion (approximately US$8 billion) allocated in the first phase. ISM 2.0 aims to strengthen the construction of the entire semiconductor value chain, covering aspects such as chip design, manufacturing, and packaging.