A credible semiconductor ecosystem is pivotal for India's economic security as much as for national security. Analyse the strategic objectives, incentives, and institutional architecture of the India Semiconductor Mission (ISM). Identify the major risks that could derail its timelines.

Semiconductor industry is the basis of modern graphics, computing and data sciences.

A robust semiconductor industry is crucial to an 'atmanirbhar' economy with data sovereignty and secure systems.

Objectives of ISM

1. To gain self-sufficiency in manufacture of semiconductor chips.

2. To encourage setting up of semi-conductr fabrication plants in India.

3. To establish reliable partnerships to source necessary raw materials from countries such as Taiwan.