Consider the following statements regarding the DIR-V (Digital India RISC-V) initiative:

1. The DIR-V initiative was launched in 2022 by the Ministry of Electronics and IT to make India a global hub for RISC-V-based semiconductors.

2. RISC-V (Reduced Instruction Set Computing - Version 5) is an open-source Instruction Set Architecture (ISA) that allows processor development without licensing fees.

3. As part of DIR-V, IIT Madras and ISRO have developed an aerospace-quality semiconductor chip based on SHAKTI architecture.

Which of the statements given above is/are correct?