In a move that could potentially strengthen the technology ties between the United States and India, both countries are set to sign a memorandum of understanding on semiconductors.
The announcement was made by the U.S. Commerce Secretary Gina Raimondo. She also revealed that the two nations will engage in discussions regarding investment coordination. Additionally, they will also discuss policies aimed at promoting private investment.
With semiconductors playing a crucial role in today’s digital age, this agreement has the potential to pave the way for significant technological advancements and economic growth for both nations.
In this blog, we will explore the latest information on India & US to sign MoU on semiconductors.
The visit of U.S. Commerce Secretary Gina Raimondo to India
During her recent trip to India, U.S. Commerce Secretary Gina Raimondo met with India’s trade minister to discuss opportunities for joint ventures and technology partnerships.
Furthermore, Raimondo was accompanied by 10 CEOs from U.S. companies. In addition, they worked to map out the semiconductor supply chain.
One of the key outcomes of the trip was the launch of the India-US Strategic Trade Dialogue, which focused on export controls.
The under secretary of the Bureau of Industry and Security and the foreign secretary headed the dialogue on the U.S. and Indian sides, respectively.
Finally, This partnership is expected to lead to significant advancements in the semiconductor industry and strengthen the technology ties between the two nations.
CHIMS Registration: Your Key to Success in the Changing Semiconductor Landscape
The U.S. and India are taking significant steps to strengthen their semiconductor industries and reduce their reliance on China for chips.
India has launched a production-linked incentive scheme for chips, while the U.S. government recently introduced the CHIPS and Science Act to boost domestic semiconductor manufacturing and supply chains.
Consequently, To stay ahead of the competition, it’s essential to get CHIMS Registration.
CHIMS provides access to funding and support for domestic semiconductor manufacturing, research, and development, as well as valuable information on export controls and intellectual property rights.
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Know all about the new CHIMS Registration in India
So, it’s the right time to sign up for CHIMS today and position your business for success in the fast-paced world of semiconductors.
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