US-India Semiconductor Partnership
Summary: The US and India announced a partnership to strengthen the global semiconductor supply chain by evaluating India’s semiconductor capabilities, workforce, infrastructure, and laws. This partnership aims to reduce dependence on China and Taiwan while boosting the US-India collaboration. Initiatives like India’s Semiconductor Mission, supported by financial incentives and collaborations, will help develop a robust semiconductor industry. The CHIPS Act, signed by President Biden in 2022, also plays a critical role in supporting secure semiconductor production for the US and its allies.
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