India Semiconductor Mission (ISM)

Current Context : Union Cabinet approved New Semiconductor Unit Worth INR 3,330 Crore Under India Semiconductor Mission.

• New semiconductor unit will be setup by Kaynes Semicon Pvt Ltd in Sanand, Gujarat.
• This is the fifth semiconductor unit to be approved under the India Semiconductor Mission (ISM), and the second to be set up in Sanand.
• Aim : to position India as a global hub for semiconductor manufacturing.
• The Kaynes Semicon ATMP (assembly, testing, marking and packaging) unit will be able to produce about 6 million chips a day which will be used in industries, automobile sector, electric vehicles, consumer electronics, telecom equipment, and mobile phones.

ABOUT INDIA SEMICONDUCTOR MISSION (ISM)

• ISM has been setup as an Independent Business Division within Digital India Corporation.
• Aim : to build a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.
• Launched in 2021 with a total financial outlay of Rs76,000 crore under the Ministry of Electronics and IT (MeitY).

COMPONENTS :

• Scheme for Setting Up Semiconductor Fabs in India
• Scheme for Setting Up Display Fabs in India
• Design Linked Incentive (DLI) Scheme
• Scheme for Setting Up Compound Semiconductors/Silicon Photonics/Sensors Fab and Semiconductor Assembly, Testing, Marking, and Packaging (ATMP)/ Outsourced Semiconductor Assembly and Test (OSAT) Facilities in India.