The cabinet approved an initial pact between India and the European Union to boost cooperation for semiconductor research. The Memorandum of Understanding was signed on November 21, 2023, between India and the European Commission. The pact aims to boost the resilience of the semiconductor value chain in India and the EU. It covers cooperation in research, innovation, talent development, partnerships, and market information exchange. India s Ministry of Electronics and Information Technology is actively fostering a conducive environment for electronics manufacturing.
The partnership will include experiential education and training programs focused on cultivating a globally competitive pool of talent and is aligned with the Ministry of Electronics and Information Technology s India Semiconductor Mission (ISM) for capacity development.
ATMP plants focus on the latter stages of semiconductor production. While these steps might not involve the intricate process of creating semiconductor wafers, they are indispensable in transforming semiconductor components into functional devices ready for integration into electronic products
India is trying to woo major US companies to set up their chip manufacturing facility as Micron and AMD have recently announced their plans to invest in the country