Friday, March 24, 2023

India, US to sign MoU on semiconductors – Usky News

New Delhi: The United States and India will sign an MoU semiconductor As the two countries discuss coordination of investments and continue negotiations around policies to promote private investment, US Commerce Secretary Gina Raimondo said on Thursday.
Raimondo, who is on a four-day visit to India, is accompanied by CEOs of 10 US companies and is scheduled to meet India’s trade minister on Friday.
Raimondo said the two countries will map the semiconductor supply chain together and identify opportunities for joint ventures and technology partnerships.
India is seeking to attract more massive investment under a $10 billion stimulus plan for chip and display production with an aim to become a major player in the global supply chain.
Last year, the South Asian nation mobilized financial support for new local semiconductor facilities to cover 50% of the project cost.


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