India and the US have joined hands to strengthen the semiconductor industry. The Indian Electronics and Semiconductor Association (IESA) and the US Semiconductor Industry Association (SIA) have come together to develop a private-sector task force to boost collaboration between countries in the global semiconductor industry.
India has also joined the US and China to build a vibrant semiconductor and display ecosystem to enable the country’s emergence as a global hub for electronics manufacturing and design. In 2021, India also launched the Production Linked Incentive (PLI) scheme to make India the chip hub.
The private-sector task force will be developing a “readiness assessment” for the semiconductor ecosystem in India; assembling industry, government, and academic stakeholders to identify near-term industry opportunities and facilitate the longer-term strategic development of complementary semiconductor ecosystems; making recommendations on opportunities and challenges to increase India’s role within the global semiconductor value chain, including chip manufacturing; and identifying and facilitating workforce development and exchange opportunities to benefit both countries.
IESA president and CEO Krishna Moorthy said, “It will be an important platform to bring together global resources to identify actionable plans to support India to increase its presence in the worldwide chip industry and then enable global collaboration to execute the plans across all segments of the design and manufacturing supply chain, as well as creating semiconductor talent for the world.”
Meanwhile, SIA president and CEO John Neuffer stated India, which is already a major hub for semiconductor research, chip design, and equipment engineering, has great potential moving forward in the future. “This task force will help identify tangible ways to unlock this potential by increasing collaboration between the US and India within the global chip ecosystem,” he added.