Print Friendly, PDF & Email

SemiconIndia 2023

 

Source: PIB

 Context: Prime Minister inaugurates SemiconIndia 2023 in Gujarat, emphasizing India’s potential to become a global semiconductor hub and its commitment to innovation and technology.

  

What is Semicon India?

It is an annual conference organized by the India Semiconductor Mission (ISM) with the primary objective of promoting the growth and development of India’s semiconductor industry.

 

Objectives:

It aims to showcase India’s capabilities in semiconductor design and manufacturing while facilitating networking and knowledge exchange among participants.

 

What are Semiconductors?

They are materials with unique electrical properties, crucial in manufacturing various electronic devices and playing a significant role in modern technology.

 

About India Semiconductor Mission (ISM):

About India Semiconductor Mission (ISM)

 

The ISM was launched in 2021 under the aegis of the Ministry of Electronics and IT (MeitY) as a comprehensive program for the development of sustainable semiconductor and display ecosystem in India
AimTo provide financial support to companies investing in semiconductors, display manufacturing and design ecosystems. ISM aims to serve as the nodal agency for the efficient, coherent and smooth implementation of the schemes.

 

ComponentsScheme for setting up of Semiconductor Fabs and Display Fabs in India (fiscal support to eligible applicants for setting up of Semiconductor Fabs); Scheme for setting up of Compound Semiconductors / Silicon Photonics etc. Design Linked Incentive (DLI) Scheme
Why India Needs Semiconductor Industry?Semiconductors are crucial for modern economics, powering electronic gadgets and devices. These microchips, also known as Integrated Circuits (ICs), are mainly made of silicon and germanium. India’s semiconductor consumption is projected to exceed USD 80 billion by 2026 and USD 110 billion by 2030. The manufacturing of these chips is concentrated in a few countries, including the United States, Taiwan, South Korea, Japan, and the Netherlands.
Other Initiatives related to SemiconductorsSemiconductor Laboratory (SCL) Modernization; Support for Compound Semiconductors; Production Linked Incentives (PLI); Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme.