“The Union Budget 2026 presents a clear and structured framework for strengthening India’s semiconductor and electronics manufacturing ecosystem. The announcement of India Semiconductor Mission 2.0, together with the enhanced ₹40,000 crore outlay for the Electronics Components Manufacturing Scheme, signals a strong commitment to strengthening chip design, advanced research, electronics systems design, manufacturing, and talent development.
The emphasis on research infrastructure, design enablement, and skill-building will be critical in positioning India as a global hub for electronic systems R&D and full-stack design excellence. NXP welcomes this direction and remains committed to working closely with stakeholders to support the development of world-class design capabilities, cutting-edge research, and a robust innovation ecosystem, helping India to become an ESDM product nation.” Hitesh Garg, Vice President and India Managing Director, NXP Semiconductors.
