India secures $12B in new chip investment pledges
India’s government says companies have committed roughly ₹1 lakh crore—about $12 billion—under the new Semicon 2.0 plan to build out its chip supply chain. Global firms across manufacturing, materials, and packaging are pledging investments, with Applied Materials putting down $5 billion. The government aims for the new policy to create close to 100,000 jobs and is offering subsidies to draw startups and manufacturers.
- Total outlay for Semicon 2.0 is ₹1.28 lakh crore
- Applied Materials pledged $5 billion investment
- Government targets 200 startups for support
- Up to ₹15 crore seed funding available per startup
- Semicon 2.0 subsidies will support chip plants and R&D
Sources covering this
In this story
More in Chips
Apple A20 Pro chip to use 2nm technology in iPhone 18 Pro
Apple’s next iPhone 18 Pro and Pro Max will run on the A20 Pro chip, which is now confirmed to use TSMC’s 2-nanometer manufacturing process—making it Apple’s first iPhone chip with this tech. Reports peg the new chip as up to 18% faster and 30% more power efficient than last year’s version. Graphics and AI features will also see refinements, but not another leap like last year.
Intel and SK Hynix discuss possible US memory chip partnership
Intel and SK Hynix are in early talks about manufacturing SK Hynix memory chips—used in AI and data centers—at Intel’s new Ohio plant, according to Reuters. Options on the table include SK Hynix leasing part of Intel’s facility, and perhaps forming a joint venture with major cloud companies. Nothing is final, and the Korean government may push back because the chip tech is sensitive. Both stocks climbed on the news.
Nvidia launches DLSS 5 in NBA 2K27, coming to RTX 40-series
Nvidia has officially rolled out DLSS 5, its next-gen graphics upscaling tech, but it only works in NBA 2K27 for now and is limited to players with new RTX 50-series graphics cards. Nvidia says support for last year's RTX 40-series cards is on the way, but gave no firm date. Early testers report striking visual improvements but also note a heavy performance hit if you don’t have top-tier hardware.
TSMC and Samsung to buy ASML's $400M chipmaking tool
TSMC and Samsung, the two biggest chip manufacturers, have committed to buying ASML's latest High NA EUV lithography machine—price tag around $400 million. Both plan to use the tool to make more advanced chips starting in 2028 (Samsung) and 2030 (TSMC). The companies will also work with ASML to move the industry to larger, 12-inch photomasks, which should boost chip yields and lower costs.