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With which country has the Union Cabinet approved the Memorandum of Cooperation for Semiconductor Supply Chain Partnership?
A)
Japan
B)
France
C)
Germany
D)
Singapore

Correct Answer :   Japan


The Union Cabinet has approved a Memorandum of Cooperation (MoC) between India and Japan on developing a semiconductor supply chain partnership, which will focus on research and development (R&D), manufacturing, design, and talent development for the industry.

The MoC was initially signed in July 2023 between the IT Ministry and Japan’s Ministry of Economy, Trade and Industry.

The MoC intends to strengthen cooperation between India and Japan towards enhancement of the semiconductor supply chain, recognising the importance of semiconductors for the advancement of industries and digital technologies, a statement released by the Union Cabinet said.

India is looking to establish itself as a reliable presence in the semiconductor supply chain, especially at a time when companies are looking to diversify from China, which has been the hub of electronics manufacturing for several decades now.

New Delhi has rolled out a $10 billion plan to boost local chip manufacturing. US memory maker Micron Technology is constructing an assembly and packaging plant in Gujarat under the plan.

India is also working with the United States on chip supply chains. As Prime Minister Narendra Modi and US President Joe Biden held a bilateral meeting last month ahead of the G20 Summit, they reiterated their stance on building resilient global semiconductor supply chains.

US chip company Microchip Technology had earlier announced an investment of $300 million for the next few years to expand its operations in India, which would include opening a new research and development (R&D) facility in Hyderabad. Advanced Micro Devices (AMD) will invest up to $400 million in India over the next five years and will set up its biggest design facility in Bengaluru.

Lam Research had announced a proposal to train 60,000 Indian engineers through its Semiverse Solution virtual fabrication platform. And Applied Materials announced a proposed investment of $400 million to establish a collaborative engineering centre in India..

Source : Indian Express

Published On : October 26, 2023
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