Located in Odisha, Punjab, and Andhra Pradesh, with the current approval, the total approved projects under ISM reaches 10 in 6 states.
About India Semiconductor Mission (ISM)
- Approved: In 2021 with an outlay of ₹76,000 crore.
- Aim: Provide financial support for investments in semiconductor fabrication, display manufacturing & chip design strengthening India's integration into global electronics value chains.
- Ministry: Ministry of Electronics and Information Technology.
- Mission focus of ISM
- Set up Chip Manufacturing plants(fabs).
- Create packaging and testing units.
- Supporting startups in chip design.
- Training young engineers.
- Bring Global companies to Invest in India.
- Key Schemes under ISM:
- Semiconductor Fabs Scheme: Provides up to 50% fiscal support for setting up semiconductor wafer fabrication (fab) units.
- Display Fabs Scheme: Offers financial assistance of up to 50% of project cost to set up display fabrication units.
- Design Linked Incentive (DLI) Scheme: Promotes semiconductor design startups and Micro Small Medium Enterprises (MSMEs) by offering financial support across product development stages.
- SEMICON India Programme: Implemented through ISM, is a flagship event that brings together global industry leaders, policymakers, academia, startups and other stakeholders to drive innovation and collaboration.
- Significance of the Mission: Tap India’s rising Semiconductor Market (Expected to reach $ 100-110$ Billion by 2030); De-risk global supply chain and reduce dependence on countries like Taiwan (producing more than 60% of world’s semiconductors), China, USA, etc.
