The India Semiconductor Mission (ISM) 2.0 is set to prioritize high bandwidth memory (HBM) production as part of its broader goal to establish a comprehensive semiconductor ecosystem. Launched with an investment of ₹1-lakh crore (approximately $12 billion USD), this initiative aims to enhance semiconductor manufacturing, packaging, and design capabilities in India. HBM technology is essential for artificial intelligence (AI) data centers, which have seen soaring demand and prices due to a global supercycle. Currently, HBM production is largely controlled by South Korean companies SK Hynix and Samsung, along with US-based Micron. Micron recently opened a $2.5 billion plant in Sanand, Gujarat, which will convert imported dynamic random access memory (DRAM) and NAND wafers into finished memory chips. This facility is expected to fulfill about 10% of Micron's global memory production by 2026, although it will not initially host HBM manufacturing. The focus on HBM reflects the growing importance of this technology in the AI ecosystem, amid concerns over international technology controls and economic fluctuations.