Listen to this articleIndia is making an attempt to emerge as a aggressive different to China in the semiconductor sector amid heightened chip battle between the US and China.
India and the US last week signed a memorandum of understanding on establishing a semiconductor supply chain, which consultants see as an opportunity for each nations to reduce world dependency on China.
“The MoU seeks to establish a collaborative mechanism for the semiconductor supply chain resiliency and diversification in view of the US CHIPS and Science Act and India Semiconductor Mission (ISM),” said Charlie Dai, vp, and analysis director at analysis agency Forrester.
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