The Indian Semiconductor Mission
The Indian Semiconductor Mission
There has been a rapid rise in the demand for semiconductors in recent years. The main factors driving the increase are 5G adoption throughout India and the growing popularity of cryptocurrency mining. The Indian semiconductor market stands at a humongous $23.2 billion and may cross $80.3 billion by 2028 with a CAGR of 17.10%. With a large population in India, the country has the potential to become one of the leading manufacturers of semiconductors. This article will discuss the Indian semiconductor mission, its components, and its goals regarding electronics and various companies in the Indian semiconductor industry.
Table of Contents
The Indian Semiconductor Mission
B. What is India's semiconductor mission?
C. What are the components of the semiconductor mission of India
D. Goals of the India semiconductor mission in the context of electronics
E. India semiconductor mission companies
Materials with conductivity between conductors and insulators are known as semiconductors. Some of the best-known examples of semiconductors include germanium and silicon. Generally, manufacturers fabricate electronic circuits using silicon, whereas gallium arsenide is used for solar cells and laser diodes. There are multiple sectors where semiconductor usage has found its place.
Semiconductors are required to manufacture memory chips and microprocessors in the computing sector. These are the essential components of different computers and servers and have great utility in various industries. Semiconductors are required in the communications sector, where cell phones and satellite systems use the technology for wireless communication. Manufacturers in the automobile industry use semiconductors to manufacture engine control units and sensors. Thus, the applications are limitless, and catering to these applications will make Inida a powerhouse in the semiconductors industry.
Launched in 2021, the Indian semiconductor program is a comprehensive program that deals with developing various sustainable semiconductors in India. The program's primary aim is to support the companies that are actively investing in the growth of semiconductor production in the country and the design ecosystem. The mission started with an allocated budget of INR 76,000 crore under the Ministry of Electronics and IT. The program's vision is to make India the manufacturing superpower of semiconductors, where ISM will work as the nodal agency for smooth and efficient implementation of the scheme.
Through ISM, the country will govern the long-term formulation of strategies for developing semiconductors and the design ecosystem. The program will also facilitate the smooth adoption of renowned electronics through specially formulated supply chains and the procurement of raw materials. Renowned public sector units like BEL and HAL will be used to incorporate semiconductor laboratories and foundries with the help of other global giants in the semiconductor industry. It is a major step taken by the country in the phased transition to a digital economy under the Industry 4.0 model.
These are the three major components that the Indian Semiconductor Mission looks forward to incorporating into the system.
1 The mission aims to support different applicants in setting semiconductor fabs, which will help attract significant investments in setting semiconductor wafer fabrication units throughout the country.
2.It will also support companies aiming to set up Display fabs, which will attract considerable investments in developing TFT LCD/AMOLED-based display fabrication units throughout the country.
3.The program also wishes to provide up to 30% of capex worth of fiscal support to different applicants for setting up the various fabs and assemblies inside the country.
The goal of the Indian semiconductor mission is to produce an energetic semiconductor hub rather than an ecosystem in India. The goals or mission of the program are:
1.Strategy formulation for the development of semiconductors and various manufacturing facilities in India. This will be done in consultation with various government ministries, departments, agencies, and academia.
2.The mission will also facilitate the adoption of different trusted electronics through high-end supply chains, which will help companies procure raw materials, chemicals, and gases.
3.The mission also promotes indigenous IP and encourages ToT or Transfer of Technology.
4.The Indian semiconductor mission will also help increase the collaboration of Indian companies with foreign giants, which will help commercialize the industry and develop skills.
HCL Technologies is one of the leading semiconductor manufacturing companies in India and has been actively investing in its design. Vedanta Ltd, besides being a key player in mining minerals, has also played an important part in investing in semiconductors in India. Known for various ahead-of-the-curve innovations, Tata Elxsi has been significantly investing in the growing semiconductor market.
ASM Technologies is also known to invest heavily in manufacturing equipment and services. The company has made strong partnerships in India’s growing semiconductor manufacturing industry. Specializing in the packaging and testing of semiconductor solutions, MIC Electronics Ltd is rightly aligned with the country's growing semiconductor market. The company has a significant presence in India and will be able to cater to the growing demand for semiconductor solutions worldwide. One of the leading semiconductor-based telecom-providing companies, Surana Telecom, will also be able to cater to the growing needs of semiconductors in the Indian market.
A. Who is the CEO of the Indian Semiconductor mission?
Akash Tripathi is the appointed chief executive officer of the Indian Semiconductor Mission (ISM).
B. Which ministry has launched the India Semiconductor mission?
The Indian Semiconductor Mission (ISM) was launched in 2021 by the Ministry of Electronics and IT, abbreviated MeitY, by the honorable Prime Minister Shri Narendra Modi.
C. India semiconductor mission aims to strengthen the ecosystem for which field?
Electronics and manufacturing design is the part where the India Semiconductor Mission aims to strengthen.
D. What is the launch date of the India semiconductor mission?
The Indian Semiconductor Mission (ISM) was launched by the honorable Prime Minister Shri Narendra Modi in 2021.