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US’ Semiconductor MoU with India: Know The Deal In and Out!

  • Posted on March 10, 2023
  • News
  • By Akta Yadav
  • 281 Views
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Semiconductors

Gina Raimondo, the Commerce Secretary from the US announced on 9th March 2023 that the US would be entering into a Memorandum of Understanding (MoU) with India which relates to semiconductors. “We talked about how we will share information about semiconductors, about semiconductor commercial opportunities between our two countries, and how to have a continuous dialogue around policies that would encourage private investment in the semiconductor ecosystem,” said Raimondo while commenting on the semiconductor MoU with India. US’ Semiconductor MoU with India: Know The Deal In and Out! US’ Semiconductor MoU with India: Know The Deal In and Out! Strategies behind The Semiconductor MoU with India While justifying the rich scope of the semiconductor MoU with India, Raimondo said that the industry is a much needed fundamental industry for rapid development and urbanization. However, this is only a general factor. The primary driving force behind the semiconductor MoU with India is that the US wants its semiconductor supply sources to be diverse in order to cope with market trends with resilience. US’ Semiconductor MoU with India: Know The Deal In and Out! US’ Semiconductor MoU with India: Know The Deal In and Out! Semiconductor MoU with India: Know The Plan With the Semiconductor MoU with India, the US plans to increase collaboration with India in implementing their domestic policies and goals in the field. The policies include India’s Semicon Mission and US’ Chips Act. Both the countries would analyze the supply and demand forces and accordingly incentivise Companies to join in their goals. US’ Semiconductor MoU with India: Know The Deal In and Out! US’ Semiconductor MoU with India: Know The Deal In and Out! India as An Emerging Leader in Semiconductors India has an ongoing India Semiconductor Mission in which strategies have been implemented which aims at securing India’s position as a global leader in the list of semiconductor manufacturers. Tamil Nadu is the India state with the maximum portion of semiconductor manufacture. For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world.
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