Semiconductor mission launched by IT minister Ashwini Vaishnaw

Why in news?

• Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission recently.
  About India Semiconductor Mission
• The India Semiconductor Mission (ISM) is a specialised and independent business division within the Digital India Corporation.
• It has been set up with the aim to build a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.
• The mission is authorised to negotiate with the applicants under the semiconductor fab scheme and the display fab scheme.
• This mission has been given the autonomy to decide the appropriate technology mix, applications, node generation, capacity, among others and propose the structure and quantum of fiscal support for the selected applicants. A fab is short for fabrication plant where raw silicon wafers are processed and turned into integrated circuits.