
India-US to collaborate on semiconductor supply chain resiliency
The proposal is to leverage the complementary strengths of both countries and facilitate commercial opportunities and development of semiconductor innovation ecosystems.
The proposal is to leverage the complementary strengths of both countries and facilitate commercial opportunities and development of semiconductor innovation ecosystems.
The development comes months after both companies, through a joint venture, proposed to set up a chip manufacturing facility in the state with an investment of ₹1.54 lakh crore.
Getting all set for faster connectivity.
Overall semiconductor market in India stood at $27 billion in 2021, which is expected to increase to $64 billion by 2026, says Tarun Pathak, Research Director, Counterpoint Research.
India's $30 billion investment plan is primarily focussed on developing a complete supply chain ecosystem, says a top Indian diplomat
PV sales dropped 15% to 7,61,124 units in the third quarter, their lowest level in five years, says the Society of Indian Automobile Manufacturers (SIAM).
The move will come handy for the corporate groups like the Tatas, who are scouting for semiconductor manufacturing in the country.
While the first quarter of FY21 was a complete washout, the industry regained significantly from the second quarter onwards.