India roundup: India expands chip ambitions with full Semicon 2.0 notification

India’s Semicon 2.0 rollout signals a strategic push toward semiconductor self-reliance, catalyzing upstream design and fabrication capabilities, particularly in advanced nodes. However, the country’s supply chain diversification faces structural hurdles, with local firms struggling against global tech gaps and capital intensity. Compliance burdens, especially on data security and export controls, are increasing operational costs. Global chipmakers may accelerate investments in India to hedge geopolitical risks, yet short-term capacity gaps remain. Over the next 12–24 months, India’s tech ecosystem will enter a consolidation phase, where domestic production and foreign partnerships will define competitive dynamics, with AI and IoT emerging as key battlegrounds.