India and US comes together to to strengthen global semiconductor supply chain

During their bilateral discussions, Prime Minister Modi and President Biden expressed their commitment to strengthening the global semiconductor supply chain. They emphasized the importance of collaboration between governments, industries, and educational institutions. The leaders welcomed investments from companies like Microchip Technology and Advanced Micro Devices. They also discussed the development of renewable energy projects in India and the establishment of an "Innovation Handshake" agenda to strengthen connections within the innovation ecosystems of both countries. Additionally, they supported the Women in the Digital Economy Initiative to bridge the digital gender divide.

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FAQs

1. What is the joint statement from the United States and India about?

Answer: The joint statement from the United States and India pertains to the U.S.-India Comprehensive Global and Strategic Partnership, including collaborations in areas such as semiconductor supply chains and innovation partnerships. source

2. What is the objective of the U.S.-India Comprehensive Global and Strategic Partnership?

Answer: The objective of the U.S.-India Comprehensive Global and Strategic Partnership is to strengthen the partnership between the two countries in various areas, including defense innovation, resilient semiconductor supply chains, space, and science. source

3. What percentage of the US semiconductor industry does SIA represent?

Answer: SIA represents 98 percent of the US semiconductor industry by revenue and nearly two-thirds of non-US chip firms. source

4. What steps are being taken to strengthen the global semiconductor supply chain?

Answer: Steps being taken to strengthen the global semiconductor supply chain include expanding semiconductor manufacturing capacity in the US, broadening the supply of critical materials, and collaborating with countries like Japan. source source

5. Where can I find more information about the US government's initiatives on supply chain resilience?

Answer: You can find more information about the US government's initiatives on supply chain resilience in the report titled "BUILDING RESILIENT SUPPLY CHAINS, REVITALIZING" available on the White House website. source

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