US To Collaborate With India On Exploring Semiconductor Supply Chain Opportunities

Washington DC: The U. S. will partner with India to explore opportunities to grow and diversify the worldwide semiconductor ecosystem. In a statement, the United States Department of State announced that it would collaborate with the India Semiconductor Mission, Ministry of Electronics and IT, Government of India, below the International Technology Security and Innovation (ITSI) Fund, created by the CHIPS Act of 2022.

This partnership will lend a hand create a more resilient, secure, and sustainable global semiconductor value chain, the statement said.

In a post on X, the United States-India Strategic Partnership Forum posted a video where Kurt Campbell, US Deputy Secretary of State changed into seen speaking. Campbell said that expanding US-India partnership is one in every of the foremost strategically important efforts they took contained within the Biden-Harris administration.

“Expanding our partnership with India is one in every of the foremost strategically important efforts we now have got taken contained within the Biden-Harris administration… As we said at some point of Prime Minister Modi’s official state visit last year, from the celebrities to the sea, no corner of human enterprise is untouched by the cutting edge work we are doing together. Successive administrations in Washington and New Delhi have invested time and political capital to bring this partnership to bigger and greater heights,” he said.

Campbell, addressing the forum through video conference, said that this day, India and the United States are more aligned than ever earlier than.

“As of late, our two countries are more closely aligned than ever earlier than. In only over a year since we launched INDUS-X, we now have got pursued an ambitious agenda of summits, joint challenges and exchanges. I predict these efforts will continue given the deep bonds that tie our countries together and the strategic challenges we both face,” Campbell said.

He said that INDUS-X will likely be a cornerstone of the ICET.

“INDUS-X is now and will likely be a cornerstone of our continuing efforts to advance the United States-India Initiative on The most and Emerging Technology (ICET). ICET technological leadership is a growing selection of on the heart of strategic competition. It is the comprehensive differentiator in our foreign policy approach and India is in an exceedingly small group of countries with whom we work most intimately on tech. ICET, which places technology on the very heart of the United States India partnership, has very much accelerated our strategic cooperation. The second ICET meeting between our national security advisors in June showed the immense progress we are making across a kind of sectors, including space semiconductors, advanced telecommunications, man made intelligence, quantum biotechnology and clean energy. Deepening defence innovation cooperation is likewise a key pillar of ICET,” he said.

Talking about defence, Campbell said that India and the United States’ joint effort will lend a hand them care for a extremely important advantage for the military.

“Our work together driving innovation and developing cutting edge technologies will lend a hand us care for a extremely important advantage for our military. We’ve taken unparalleled steps to extend operational coordination, information sharing and defence industrial cooperation, including co-production. Accurately, we’ve authorized an unparalleled level of technology transfer as element of the GE engine co-production arrangement. And our two governments have just finalised a security of supply arrangement to lift our supply chain resilience,” he said.

Campbell said that below the INDUS-X, US and India announced USD 1.2 million worth funding.

“Below INDUS-X, the United States and Indian governments have also announced awards of 1.2 million in seed funding to ten US and Indian companies below joint Impact 1.zero challenges. Our intent to launch two additional joint challenges, other domains, including space and the launch of an INDUS-X testing consortium of industry, academia and non-profit organizations across the United States and India to advertise our company’s access to testing and experimentation facilities,” he said.

He added that the United States invested significantly to pursue partnership with India.

“The U. S. has invested significantly in expanding our strategic partnership with India and we are pursuing a strong agenda to deepen cooperation for remainder of the year, now now not best diplomatically, but to boot through ICET. Our defence establishments, research institutions, deepest industry and start-americapossess a deep bench of talent and mutual thirst for innovation, which is why INDUS-X has designed to create the necessary ecosystem and partnerships for new ideas, research and development to flourish. By taking part in INDUS-X, you're all on the forefront of our efforts to make use of cutting edge commercial technologies for defense force solutions. And since US-India co production and cooperation on extremely important technology will define Indo Pacific security for generations to come again, the work you're doing may per chance now now not be more important,” he said.

The initial phase incorporates a comprehensive assessment of India’s existing semiconductor ecosystem and regulatory framework, as well as workforce and infrastructure needs. State anticipates that key Indian stakeholders, such as state governments, educational institutions, research centers, and deepest companies, will participate on this analysis steered by the India Semiconductor Mission. The insights gained from the assessment will function the premise for potential future joint initiatives to improve and grow this extremely important sector.

The U. S. and India are key partners in ensuring the worldwide semiconductor supply chain keeps % with the worldwide digital transformation currently underway. Manufacturing of significant products starting from vehicles to medical devices relies on the strength and resilience of the semiconductor supply chain. This collaboration between the United States and India underscores the aptitude to enlarge India’s semiconductor industry to the benefit of both nations.

In August of last year, U.S. President Joe Biden gave his nod of approval to the CHIPS Act. This law is designed to lift funding make stronger for the enhancement of semiconductor production and related research contained within the U.S. Together with this, the ITSI Fund changed into formed. This fund pushes $500 million towards the U.S. Department of State. This money, doled out at $a hundred million a year over the drawing close 5 years starting in 2023, is aimed at promoting the event and implementation of reliable and secure telecommunication technologies, providing protection for semiconductor supply chains, and fostering cooperative initiatives with our allies.