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The latest India-US technology alliance during Prime Minister Narendra Modi’s visit and semiconductor announcements are believed to have the potential to reduce the dominance of China and Taiwan in the chip market.
Both India and the United States have significant strengths in the semiconductor industry. Many of the world’s largest chip makers are based in the United States, while India has a huge and growing pool of talented engineers. Therefore, all the details released on June 22 about the partnership between the two countries indicate that through cooperation, they may build a more robust and diversified semiconductor supply chain.
Although it is still too early to say how successful the India-US tech partnership will be in reducing the dominance of China and Taiwan in the chip sector, recent announcements indicate that the two countries are serious about working together towards this goal.
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Sanjay Gupta, President of India Electronics and Semiconductor Association (IESA), said that the establishment of Micron’s semiconductor chip testing and manufacturing plant in India is an important step towards reducing the dominance of Chinese and Taiwanese companies in the global semiconductor market. News 18.
While China and Taiwan have traditionally been major players in the semiconductor industry, India’s collaboration with Micron signifies a shift in priorities for global companies. Gupta said India’s growing presence in the semiconductor sector will help diversify the global supply chain.
“With Micron’s investments, India is strengthening its position as a competitive manufacturing hub, offering an alternative,” he added.
According to him, by attracting global semiconductor giants like Micron, India can leverage its expertise and technologies to enhance local capabilities. This reduces dependence on Chinese and Taiwanese companies for semiconductor imports, and thus reduces their dominance. The collaboration also promotes technological innovation as well as research and development activity in the country. Gupta said it will drive the growth of local talent, encourage entrepreneurship, and cultivate a favorable ecosystem for local semiconductor start-ups.
He also noted that the semiconductor industry is highly competitive and dynamic, saying, “Chinese and Taiwanese companies have well-established infrastructure, extensive experience, and significant investments in research and development. Their dominance cannot be easily disrupted, and they continue to play a crucial role in the global semiconductor market.”
The India-US technology collaboration was not only an important announcement from an industry perspective but also a strategic one, said Sailesh Lachu Hiranandani, President of SRAM & MRAM Group, announcing an investment of Rs 2 million in Odisha last year to set up a semiconductor unit. .
“The joint declaration issued by America and India marks a significant milestone in bilateral relations and has far-reaching implications for both countries, and is a strategic move to balance China’s growing hegemony and influence in the Indo-Pacific region,” said Hiranandani.
He further said that the cooperation represents an opportunity for India to enhance its position on the global stage and enhance the strategic partnership. He also noted that the partnership will pave the way for technological advancement, defense cooperation and economic growth leading to increased investment, trade and technology transfer from the US to India, which can help boost India’s economic development and drive innovation.
“More importantly, it will also provide access to advanced defense technologies, thus enhancing our defense capabilities and national security,” Hiranandani said.
Speaking about the investment announcements including Micron Technology, Applied Materials and Lam Research, the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, said these announcements were “very important and tectonic in the way they are accelerating the growth of India’s semiconductor ecosystem”.
“It also accelerates India’s growth as a trusted electronics player in the electronics and semiconductor supply chain… We have confidence that in the coming years, the talents from our education ecosystem, the young people who will come as VLSI engineers will make India a leader in the field,” Chandrasekhar said. : “Electronics and semiconductors in addition to the continued growth and global presence in the innovation, information technology and information technology sectors of the digital economy.”
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