US and India Join Forces to Diversify Global Semiconductor Ecosystem

The US State Department has partnered with India's semiconductor mission to diversify the global semiconductor ecosystem. The initial phase involves assessing India's semiconductor capabilities, regulatory framework, and infrastructure needs. This collaboration aims to enhance the resilience and sustainability of the global semiconductor supply chain, benefiting both nations.

In a significant move, the US State Department has announced a new partnership with India to diversify the global semiconductor ecosystem. This initiative will be conducted under the International Technology Security and Innovation (ITSI) fund.

The primary phase of this collaboration involves a thorough evaluation of India's existing semiconductor ecosystem, its regulatory framework, and the workforce and infrastructure requirements. The goal is to identify potential areas of growth and improvement.

The partnership underscores the mutual benefits for both countries, aiming to create a more resilient and secure global semiconductor supply chain. This initiative is backed by the CHIPS Act of 2022, which allocated new funding to boost domestic semiconductor manufacturing and research in the US.

(With inputs from agencies.)