Cabinet Clears Two Chip Units Under ISM 1.0
Why in the news
The Union Cabinet gave its nod to a pair of chip-sector investments, closing out the list of projects sanctioned under the first phase of the national semiconductor programme.
Key facts
- Outlay: Rs 3,936 crore for two projects.
- Programme: India Semiconductor Mission (ISM) 1.0, with a total size of Rs 76,000 crore.
- Project 1: the country’s first commercial display plant built on GaN-based Mini/Micro-LED technology.
- Project 2: a semiconductor packaging unit in Gujarat.
- Jobs: more than 2,230 skilled positions.
Significance
- Strengthens the domestic semiconductor ecosystem.
- Marks the final sanctions under ISM 1.0.
Exam angle
- Scheme: India Semiconductor Mission 1.0.
- Approving body: Union Cabinet.
- Related term: GaN-based Mini/Micro-LED display.