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U.S. joins India to explore semiconductor supply chain opportunities
The U.S. Department of State has announced a partnership with India's Semiconductor Mission, part of the Ministry of Electronics and IT, to explore opportunities in strengthening and diversifying the global semiconductor ecosystem.
This collaboration, launched under the International Technology Security and Innovation (ITSI) Fund established by the CHIPS Act of 2022, aims to bolster the semiconductor value chain, making it more resilient, secure, and sustainable.
The partnership's initial phase will involve a comprehensive assessment of India's semiconductor ecosystem, including its regulatory framework, infrastructure, and workforce needs. Key Indian stakeholders—ranging from state governments and educational institutions to research centers and private companies—are expected to participate in the analysis.
According to the official release, the resulting findings will guide future joint initiatives to strengthen and expand India's semiconductor industry.
Since both U.S. and India are viewed as critical players in ensuring the semiconductor supply chain keeps pace with the ongoing global digital transformation, the collaboration is expected to benefit sectors that rely heavily on semiconductors, such as automotive manufacturing and medical device production.
The U.S. CHIPS Act, signed into law by President Joe Biden in 2022, provided funding to boost domestic semiconductor manufacturing and research, as well as $500 million to the ITSI Fund over five years.
The fund is designed to promote the development of secure telecommunications technologies and strengthen semiconductor supply chains among U.S. allies and partners.
By leveraging India's growing capabilities, the partnership is anticipated to expand India's role in the global semiconductor market, while enhancing security and resilience across the supply chain.
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