India and US sign MoU on semiconductor Supply Chain and Innovation Partnership

India and US sign MoU on semiconductor Supply Chain and Innovation Partnership

• India and the United States have signed an MoU on semiconductor Supply Chain and Innovation Partnership following the Commercial Dialogue 2023.
• It was signed between Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo in New Delhi today.
• The MoU seeks to establish a collaborative mechanism between the two governments on Semiconductor Supply chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission.
• The India-US Commercial Dialogue was also re-launched today to discuss cooperation for unlocking new trade and investment opportunities between the two countries.

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Published date : 10 Mar 2023 05:51PM