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.

Recently, microchip technology has invested $5 billion in semiconductor tech hub in India. Pivotal to economic security: (1) Decrease in import dependence for chips (2) Decreased forex sink (3) Employment generation (4) Augmentation of AI mission due to semiconductor availability (5) Future proofing of supply-chains Pivotal to economic security national: (1) Hardware vulnerability in critical infrastructure disclosed (2) Decreased dependence on China (3) India as a hub for semiconductor export (4) Intel agreement cybersecurity mission Key forward: 1. Critical mineral cooperation (eg: MSP, NCNM - bilateral trade) 2. Value-based incentive (similar to PLI) 3. Green energy-powered semiconductor mission