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: 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.