- A Memorandum of Cooperation (MoC) between India and Japan for developing a semiconductor supply chain partnership has been approved by the Union Cabinet.
- This partnership will focus on research and development (R&D), manufacturing, design, and talent development for the industry.
- This Memorandum of Cooperation was signed in July 2023, and the main aim is to enhance cooperation between India and Japan in the semiconductor supply chain.
- India has implemented a $10 billion plan to boost local chip manufacturing. India in association with the United States is working on chip supply chains.
- US chip company Microchip Technology has announced an investment of $300 million in India.
- In the next five years, Advanced Micro Devices (AMD) will invest $400 million in India and set up its biggest design facility in Bengaluru.
India-Japan chip supply chain partnership has been approved by the Union Cabinet
ByCurrent Hunt Team
Oct 28, 2023