The MoC intends to strengthen cooperation between India and Japan towards enhancement of the semiconductor supply chain, recognising the importance of semiconductors for the advancement of industries and digital technologies, a statement released by the Union Cabinet said.
The Union Cabinet has approved a Memorandum of Cooperation (MoC) between India and Japan on developing a semiconductor supply chain partnership, which will focus on research and development (R&D), manufacturing, design, and talent development for the industry.
The MoC was initially signed in July this year between the IT Ministry and Japan’s Ministry of Economy, Trade and Industry.
Cabinet approves India-Japan chip supply chain partnership
The MoC intends to strengthen cooperation between India and Japan towards enhancement of the semiconductor supply chain, recognising the importance of semiconductors for the advancement of industries and digital technologies, a statement released by the Union Cabinet said.
India is looking to establish itself as a reliable presence in the semiconductor supply chain, especially at a time when companies are looking to diversify from China, which has been the hub of electronics manufacturing for several decades now. The Union Cabinet has approved a Memorandum of Cooperation (MoC) between India and Japan for developing partnerships in the semiconductor supply chain, which will focus on research and development (R&D), manufacturing, design and talent development for the industry.
The original MoC was signed in July this year between the Ministry of IT and the Japanese Ministry of Economy, Trade and Industry.
The Union Cabinet statement said the Ministry of Commerce intends to strengthen cooperation between India and Japan to improve the semiconductor supply chain, recognizing the importance of semiconductors for the advancement of industry and digital technology.
India is looking to establish itself as a trusted presence in the semiconductor supply chain, especially at a time when companies are looking to diversify away from China, the electronics manufacturing hub for several decades now.
New Delhi has launched a $10 billion plan to boost local chip production. As part of the plan, US-based memory maker Micron Technology is building an assembly and packaging plant in Gujarat.
India is also cooperating with the US on the chip supply chain. When Prime Minister Narendra Modi and US President Joe Biden held a bilateral meeting last month ahead of the G20 summit, they reiterated their stance on building a resilient global semiconductor supply chain.
Source www.indianexpress.com
US chip company Microchip Technology previously announced a $300 million investment over the next few years to expand its operations in India, including opening a new research and development (R&D) facility in Hyderabad. Advanced Micro Devices (AMD) will invest up to $400 million in India over the next five years and establish its largest design facility in Bangalore.
Lam Research has announced a proposal to train 60,000 Indian engineers through its virtual manufacturing platform Semiverse Solution. And Applied Materials announced a proposed $400 million investment to establish a technical collaboration center in India.
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