What is India Semiconductor Mission?
India Semiconductor Mission (ISM) is an independent Business Division that aims to build a vibrant semiconductor and display Scheme to enable India’s emergence as a global hub for electronics manufacturing and design.
About Semiconductor Mission
- The interaction with applicants under the Semiconductor Fab Scheme and Display Fab Scheme has been approved for this objective.
- This objective gives candidates the freedom to choose the best technology combination, applications, node production, etc.
- The mission also specifies the type and amount of financial aid that will be given to chosen candidates.
- These facilities process and create integrated circuits from raw silicon wafers.
- It is important to note that the government also announced a 76,000 crore incentive for semiconductor manufacture in India in the same month.
- The vision of this mission is to promote India’s development as a significant global hub for the production and design of electronics by fostering a robust semiconductor and display design and innovation ecosystem.
Opportunities for India
- By 2026 and 2030, India’s semiconductor consumption is projected to surpass $80 billion and reach $ 110 billion, respectively.
- Up to 20% of the world’s semiconductor design engineers come from India, which offers a remarkable skill pool for the field.
- India has a sizable domestic market and is closer to markets in Africa, the Middle East, and Europe.
- The semiconductor value chain would guarantee a multiplier impact on the whole economy.
Challenges of Semiconductor Mission
- Setting up a fab manufacturing plant will demand a significant investment.
- Chip fabrication facilities are also exceedingly thirsty, requiring millions of liters of pure water and an exceptionally reliable power source.
- More technical knowledge is required.
- Lack of effective trash disposal and insufficient logistics.
- Automakers would lose $110 billion in sales in 2021 as a result of chip shortages brought on the COVID-19.
- Conflict between Russia and Ukraine and its effects on raw material supply for the semiconductor value chain.
India Semiconductor Mission
India Semiconductor Mission: Semiconductors are materials that conduct electricity under specific circumstances, i.e., they need a medium to do so. They are pure materials with a mix of conductor and non-conductor qualities, however, occasionally impurities are introduced to boost conductivity. The Semiconductor Mission of India, is a significant initiative by the Indian government, that have a profound impact on the country’s technology sector.
In this article, we will study about the Semiconductor Mission of India, its challenges, impact on technology sector of India, components etc.
Table of Content
- What is Semiconductor Mission of India?
- Components of the Semiconductor Mission of India
- Recent News about Semiconductor Mission of India
- Impact of Semiconductor Mission on Technology Sector of India