India expands semiconductor industry under ISM 2.0 initiative

India is expanding its semiconductor industry under the ISM 2.0 initiative, aiming for self-reliance and reduced import dependence. The government is finalizing a framework to support this growth, focusing on chip design, manufacturing, and AI technologies. Key companies expected to benefit include Izmo, which specializes in semiconductor packaging and AI-driven analytics, and L&T Technology Services, known for its engineering and R&D services. Both firms have reported significant revenue growth and are enhancing their semiconductor capabilities. Sasken Technologies and Tata Electronics are also positioned for growth. Sasken focuses on semiconductor design and AI solutions, while Tata Electronics is ramping up its assembly and testing capabilities. Tata is involved in India's first commercial semiconductor fabrication facility in Gujarat.