Underlying the new domestic semiconductor development charge now firmly underway in the US and Europe is one undeniable fact: neither will achieve their goals without global partners.
This point was clearly illustrated at the SEMICON India conference this week.
The US Department of State will partner with the India Semiconductor Mission, Ministry of Electronics and IT, Government of India to explore opportunities to grow and diversify the global semiconductor ecosystem under the International Technology Security and Innovation (ITSI) Fund, created by the CHIPS Act of 2022 (CHIPS Act).
“This partnership will help create a more resilient, secure, and sustainable global semiconductor value chain,” according to a statement, adding that the tie-up underscores the potential to expand India’s semiconductor industry to the benefit of both nations.
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