IEBS Emphasizing Hidden Opportunities In The Underexplored Indian Semiconductor Industry
In recent years, India has been in the limelight when it comes to supporting technological developments & innovations. In early 2022, the Union Cabinet approved the National Green Hydrogen Mission to attract and support key green hydrogen players across the globe in various aspects. Considering this endeavor to take such initiatives, commitment-based attitude, and ability to disrupt the overdependence on China and Taiwan like few nations for semiconductors, India and the US signed a memorandum of understanding (MoU) on establishing semiconductor supply chain and innovation partnership during the Commercial Dialogue 2023 held last month. Earlier, the governing agencies of both nations tended to build a resilient semiconductor supply chain through their respective missions: the US’s CHIPS and Science Act and India Semiconductor Mission. The CHIPS and Science Act, approved in August 2022, would focus on reducing costs, strengthening supply chains, and creating jobs. On the other hand,...