New Delhi: The Semiconductor Trade Affiliation (SIA), the highest commerce affiliation representing the US semiconductor business, has signed a Memorandum of Understanding (MoU) with the India Electronics and Semiconductor Affiliation (IESA), the premier commerce group representing India’s semiconductor and electronics techniques design and manufacturing business, to foster collaboration and establish potential alternatives between the 2 nations within the semiconductor sector.
Headquartered in Washington, SIA represents 99% of the US semiconductor business by income and practically two-thirds of non-US chip corporations, whereas IESA is the premier Indian commerce physique dedicated to the event of a vibrant Indian semiconductor and Electronics System Design and Manufacturing (ESDM) ecosystem and selling Model India.
Below the MoU, each associations will help one another as the primary counterpart group on semiconductor-related issues inside India and america and can co-organize conferences between member corporations to advertise cooperation on problems with mutual curiosity.
Each organizations may even co-organize joint occasions (digital or in-person) to discover potential alternatives for US-India cooperation inside the world semiconductor value-chain. The MoU is important within the backdrop of the announcement by The Indian Ministry of Electronics and Info Know-how final week to kind a 17-member committee to steer India’s semiconductor mission to allow the constructing of a resilient provide chain, promote investments and methods of financing the semiconductor sector.
Commenting on the MoU, John Neuffer, President and CEO of SIA, stated, “We’re delighted to signal this MoU with IESA and welcome India’s aim to change into each a extra highly effective digital financial system and a hub for electronics and semiconductor innovation inside the broader world worth chain. This MoU will assist SIA set up and construct relationships with key stakeholders and, for our members, achieve a greater understanding of the market in India.”
Rajeev Khushu, Chairman of IESA, commented, “I’m excited in regards to the shut collaboration between SIA and IESA formalized by the MoU. Our strengths are complementary and now we have immense alternatives to develop the semiconductor ecosystem in India and globally. IESA desires to make sure world semiconductor corporations are profitable in India whereas additionally serving to native semiconductor startups and repair corporations construct merchandise for home and world markets . IESA’s Initiatives across the semiconductor manufacturing provide chain, readiness of states and skilling will assist SIA members set up and construct relationships with key stakeholders, and establish funding alternatives. Additional, SIA’s world attain will assist IESA members discover alternatives and increase past India.”