On Tuesday, the Indian Union Cabinet approved two semiconductor units in Gujarat, with a total investment of ₹3,936 crore (approximately $475 million USD), marking the completion of the first phase of the India Semiconductor Mission (ISM 1.0). This initiative, introduced in 2022, aims to bolster India's semiconductor manufacturing capabilities. The approved projects include a facility in Dholera, which will focus on next-generation MicroLED technology, and a second unit in Surat for semiconductor packaging components. The Dholera facility, costing ₹3,068 crore, is expected to produce 72,000 square meters of display panels annually and create around 1,600 direct jobs. Meanwhile, the Surat facility will manufacture components for everyday electronics, generating approximately 630 jobs. With these approvals, the total number of projects under ISM 1.0 has reached 12, with cumulative investments of ₹1.65 lakh crore (approximately $20 billion USD). The government is now preparing for ISM 2.0, which is expected to have an outlay exceeding ₹1 lakh crore.