The Semiconductor Trade Affiliation (SIA), the highest commerce affiliation representing the U.S. semiconductor trade, 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 trade, to foster collaboration and determine potential alternatives between the 2 nations within the semiconductor sector.
Headquartered in Washington D.C., SIA represents 99% of the U.S. semiconductor trade by income and almost two-thirds of non-U.S. chip companies, 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.
Beneath the MoU, each associations will help one another as the principle counterpart group on semiconductor-related issues inside India and the US and can co-organize conferences between member firms to advertise cooperation on problems with mutual curiosity.
Each organizations may also co-organize joint occasions (digital or in-person) to discover potential alternatives for U.S.-India cooperation inside the international semiconductor value-chain.
Commenting on the MoU, Mr. John Neuffer, President and CEO of SIA, mentioned, “We’re delighted to signal this MoU with IESA and welcome India’s aim to turn out to be each a extra highly effective digital economic system and a hub for electronics and semiconductor innovation inside the broader international worth chain. This MoU will assist SIA set up and construct relationships with key stakeholders and, for our members, acquire a greater understanding of the market in India.”
“We stay up for India working in direction of an much more aggressive coverage setting and mental property regime fortified with transparency and predictability that promotes commerce insurance policies designed to assist this nice economic system extra deeply combine with the worldwide worth chains in our sector,” added Mr. Neuffer.
Mr. 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 international semiconductor firms are profitable in India whereas additionally serving to native semiconductor startups and repair firms construct merchandise for home and international 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 determine funding alternatives. Additional, SIA’s international attain will assist IESA members discover alternatives and develop past India.”
The MoU is important within the backdrop of the announcement by The Indian Ministry of Electronics and Info Know-how final week to type 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.
IESA can also be releasing two ground-breaking reviews – India Semiconductor Trade Report and the Semiconductor Manufacturing Provide Chain Report – which spotlights the immense alternatives for India and for the first-time deep dives into completely different points of the worldwide semiconductor manufacturing provide chain the place the Indian Trade can add important worth.
As a part of the ‘Make in India’ initiative, India has additionally lately introduced the ‘India Semiconductor Mission’ (ISM) with an intention to construct a vibrant semiconductor and show ecosystem to allow India’s emergence as a world hub for electronics manufacturing and design.
