On Tuesday, the Union Cabinet of India approved two semiconductor plants under the India Semiconductor Mission (ISM), marking a significant step in enhancing the country's chip manufacturing capabilities. The first facility, to be established by Crystal Matrix Ltd (CML) in Dholera, Gujarat, will focus on compound semiconductor fabrication using Gallium Nitride (GaN) technology for Mini/Micro-LED displays. This project has an estimated cost of ₹3,068 crore (approximately $370 million USD), with about 50% of the capital expenditure funded by the government. The second facility, set up by Suchi Semicon Pvt Ltd (SSPL) in Surat, Gujarat, will be an Outsourced Semiconductor Assembly and Test (OSAT) facility costing ₹868 crore (approximately $105 million USD) and is expected to produce 1 billion chips annually. With these approvals, the total number of projects under ISM has reached 12, with cumulative investments of around ₹1.64 lakh crore (approximately $20 billion USD). Launched in 2021, ISM aims to create a comprehensive chip ecosystem in India, and future iterations may focus more on supporting ancillary industries and enhancing design capabilities.