India’s semiconductor sprint: ISM 2.0 to back 50 startups, manufacture 3-nm chips by 2032

India’s IT minister Ashwini Vaishnaw on Tuesday laid out an ambitious roadmap for India’s semiconductor push, saying the government plans to support at least 50 fabless chip companies in the next phase of the India Semiconductor Mission (ISM), also called ISM 2.0, by scaling up the Design Linked Incentive (DLI) Scheme, with the long-term goal of producing “one AMD” and “one Qualcomm” out of the country.