Source- This post on Cabinet Approval for New Semiconductor Unit under India Semiconductor Mission (ISM) has been created based on the article “Cabinet approves one more semiconductor unit under India Semiconductor Mission (ISM)“ published in “PIB” on 3rd September 2024.
Why in News?
The Union Cabinet, led by Prime Minister Shri Narendra Modi, has approved the establishment of a new semiconductor unit by Kaynes Semicon Pvt Ltd in Sanand, Gujarat. The proposed unit will be set up with an investment of Rs 3,300 crore and will have a production capacity of 60 lakh chips per day.
About setup of a new semiconductor unit
1. The semiconductor plants are located in Sanand, Gujarat (two units by Kaynes Semicon Pvt Ltd and CG Power), Dholera, Gujarat (one unit by Tata Electronics), and Morigaon, Assam (one unit by Tata Electronics).
2. The new semiconductor unit will have the capacity to produce 60 lakh chips per day.
3. These chips will serve a diverse range of applications, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones.
About India Semiconductor Mission (ISM)
| Aspects | Description |
| About | 1. ISM is an independent business division within Digital India Corporation with administrative and financial autonomy. 2. This initiative aligns with the vision of achieving self-reliance (AtmaNirbharta) in electronics and semiconductors. |
| Objective | 1. To build a comprehensive semiconductor ecosystem 2. To enhance the country’s electronics manufacturing and innovation capabilities. |
| Purpose | To provide financial support to companies investing in semiconductors, display manufacturing, and design ecosystems, thereby boosting India’s role in global electronics value chains. |
| Mandate | To develop long-term strategies for semiconductor and display manufacturing and the semiconductor design ecosystem. |
| Vision | To establish a robust semiconductor and display design and innovation ecosystem, positioning India as a global hub for electronics manufacturing and design. |
| Strategic Goals | i) Develop a long-term strategy for the semiconductor and display ecosystem with government, industry, and academia collaboration. ii) Promote secure electronics supply chains, including raw materials and manufacturing equipment. iii) Support growth in the semiconductor design industry through EDA tools and foundry services, focusing on startups. iv) Encourage indigenous IP creation and facilitate Technology Transfer. v) Foster collaborations for research, commercialization, and skill development with national and international partners. |
Schemes under the India Semiconductor Mission (ISM)
1. Scheme for Setting up Semiconductor Fabs in India to attract large investments for semiconductor wafer fabrication facilities.
2. Scheme for Setting up Display Fabs in India to attract large investments for TFT LCD/AMOLED-based display fabrication facilities.
3. Scheme for Setting up Compound Semiconductors, Silicon Photonics, Sensors Fab, and ATMP/OSAT Facilities to encourage the establishment of Compound Semiconductors, Silicon Photonics, Sensors Fab, and ATMP/OSAT facilities.
4. Design Linked Incentive (DLI) Scheme to promote semiconductor design for Integrated Circuits (ICs), Chipsets, SoCs, Systems & IP Cores.
Read more: Semicon India 2023
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