U.S. and India Semiconductor Groups Announce Initiative to Strengthen Public-Private Collaboration in Chip Ecosystem
Tuesday, Jan 31, 2023, 2:00pm
by Semiconductor Industry Association
The U.S. Semiconductor Industry Association (SIA) and the India Electronics and Semiconductor Association (IESA) today jointly announced plans to form a private-sector task force that will strengthen collaboration between the two countries in the global semiconductor ecosystem.
Specific goals of the task force include the following:
- Developing a “readiness assessment” regarding the semiconductor ecosystem in India.
- Assembling industry, government, and academic stakeholders to identify near-term industry opportunities and facilitate longer-term strategic development of complementary semiconductor ecosystems.
- Making recommendations on opportunities and challenges to increase India’s role within the global semiconductor value chain, including chip manufacturing.
- Identifying and facilitating workforce development and exchange opportunities to benefit both countries.
“We are thrilled to kick off this new initiative with IESA, our counterpart in India,” said SIA President and CEO John Neuffer. “India is already a major hub for semiconductor research, chip design, and equipment engineering, but its future potential is even greater. This task force will help identify tangible ways to unlock this potential by increasing collaboration between the U.S. and India within the global chip ecosystem.”
“IESA is excited to be part of this new taskforce in partnership with SIA,” said IESA President and CEO Krishna Moorthy. “It will be an important platform to bring together global resources to identify actionable plans to support India to increase its presence in the world-wide chip industry and then enable global collaboration to execute the plans across all segments of the design and manufacturing supply chain, as well as creating semiconductor talent for the world.”
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The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. SIA represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.
IESA is the premier Industry Body in India representing the ESDM & Intelligent Electronics industry in India and aims to promote Electronics & Semiconductor technology solutions to positively impact the lives of 1.3 billion Indians. Through its deep connection with its member companies which comprise of all global Semiconductor MNC’s who operate out of India, Indian Electronics majors as well as MSME and StartUps, IESA aims to make India the preferred global ESDM destination. It acts as a trusted knowledge partner to the Central & State Governments in policy matters, with the industry to enable their value growth in India & with the academia to bridge the gap between them and the industry and to bring campus innovations faster to market.