- The Ministry of Electronics and Information Technology recently unveiled the India Semiconductor Mission, a new program.
- The ‘India Semiconductor Research Centre’ will be constructed in the country in 2024, according to this declaration.
- This institute will be a leader in the country’s increasing semiconductor capabilities.
- It will be similar to IMEC (Belgium), Nano Tech, ITRI (Taiwan), and MIT Micro Electronics Lab, which are all world leaders in cutting-edge technology.
- The national government announced a Rs 76,000 crore investment in the country’s semiconductor manufacturing ecosystem in December 2021.
- Its goal is to make India a leader in semiconductor development during the next ten years.
