CURRENT AFFAIRS

Detailed explanation-1: -India Aims To Become Key Semiconductor Supplier For World: Union Minister Ashwini Vaishnaw.

Detailed explanation-2: -Explanation: Information Technology Minister Ashwini Vaishnav has launched India Semiconductor Mission to attract large investments for setting up semiconductor wafer fabrication facilities in India.

Detailed explanation-3: -In December 2021, the IT ministry had unveiled the semiconductor fabrication incentive plan as a part of which the central government would make large, upfront investments – 50% fiscal support as per recent modifications – to back the semiconductor wafer fab proposals by various corporate entities.

Detailed explanation-4: -india semiconductor mission: Govt open to investing more in the India Semiconductor Mission : Ashwini Vaishnaw - The Economic Times.

Detailed explanation-5: -Information Technology Minister Ashwini Vaishnaw launched the India Semiconductor Mission on Wednesday.