India, Japan sign pact for semiconductor development

After announcing a partnership on critical and emerging technology with the US, the government on Thursday signed a memorandum of cooperation with Japan for semiconductor design, manufacturing, equipment research, talent development, and bringing resilience to the semiconductor supply chain.

Collaboration with Japan for the development of semiconductors will help the government to attract Japanese companies to the Rs 76,000 crore semiconductor incentive scheme, thereby boosting the semiconductor ecosystem in the country. Further, issues for some companies with regard to getting technology partners will also get resolved once collaborations happen on the level of governments, experts said.