India’s Semiconductor Pursuit Gets a Huge Push

New Delhi, India – The Semiconductor Industry Association (SIA), the leading trade association representing the US semiconductor industry, recently signed a Memorandum of Understanding (MoU) with the India Electronics and Semiconductor Association (IESA), the premier trade group representing India’s semiconductor and electronics systems design and manufacturing industry, to foster collaboration and identify potential opportunities in the semiconductor sector.

SIA, headquartered in Washington, DC, represents 99 percent of the US semiconductor industry by revenue and nearly two-thirds of non-US chip firms, whereas IESA is the premier Indian trade body dedicated to the development of a vibrant Indian semiconductor and Electronics System Design and Manufacturing (ESDM) ecosystem, as well as the promotion of Brand India. Under the terms of the agreement, both associations will assist each other as the main counterpart organization on semiconductor-related issues in India and the United States, and will co-organize meetings between member companies to promote cooperation on mutually beneficial issues. Both organizations will also co-organize joint events (virtual or in-person) to investigate potential opportunities for US-India collaboration in the global semiconductor value chain.

The MoU is significant in light of the Indian Ministry of Electronics and Information Technology’s announcement to form a 17-member committee to steer India’s semiconductor mission in order to enable the development of a resilient supply chain, promote investments, and find ways of financing the semiconductor sector. IESA is also releasing two groundbreaking reports—the India Semiconductor Industry Report and the Semiconductor Manufacturing Supply Chain Report—that highlight the enormous opportunities for India and take deep dives into different aspects of the global semiconductor manufacturing supply chain where the Indian industry can add significant value for the first time. As part of the ‘Make in India’ initiative, India recently announced the ‘India Semiconductor Mission’ (ISM), with the aim of building a vibrant semiconductor and display ecosystem to enable India’s emergence as a global hub for electronics manufacturing and design.

Delighted to sign the MoU with IESA and supporting India’s goal of becoming a more powerful digital economy as well as a hub for electronics and semiconductor innovation within the broader global value chain, John Neuffer, President & CEO, SIA, asserted, “This MoU will help SIA establish and build relationships with key stakeholders and, for our members, gain a better understanding of the market in India. We look forward to India working towards an even more competitive policy environment and intellectual property regime fortified with transparency and predictability that promotes trade policies designed to help this great economy more deeply integrate with the global value chains in our sector.”

Rajeev Khushu, Chairman, IESA, commented, “I am excited about the close collaboration between SIA and IESA formalized by the MoU. Our strengths are complementary, and we have immense opportunities to grow the semiconductor ecosystem in India and globally. IESA wants to ensure global semiconductor companies are successful in India while also helping local semiconductor startups and service companies build products for domestic and global markets. IESA’s initiatives around the semiconductor manufacturing supply chain, readiness of states and skilling will help SIA members establish and build relationships with key stakeholders and identify investment opportunities. Further, SIA’s global reach will help IESA members explore opportunities and expand beyond India.”

Image Source: Semiconductor Industry Association (SIA)

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