In a momentous move, India and Japan have solidified their partnership by signing an agreement to collaboratively develop the semiconductor ecosystem. With a shared goal of bolstering the resilience of the global supply chain, particularly in the critical semiconductor industry, Japan becomes the second Quad partner to join hands with India in this endeavor, following the United States.
A Diverse Scope of Collaboration:
The signed memorandum between Union Minister for Electronics and IT, Ashwini Vaishnaw, and Japan’s Minister of Economy, Trade, and Industry, Yasutoshi Nishimura, encompasses multiple areas of cooperation. This includes collaboration in semiconductor design, manufacturing, equipment research, and talent development. The ultimate objective is to fortify the semiconductor supply chain’s robustness and ensure its reliability.
Establishing an “Implementation Organization”:
To facilitate seamless cooperation, the two nations will create an “implementation organization.” This entity will foster efficient government-to-government and industry-to-industry partnerships, streamlining communication and coordination for accelerated progress in the semiconductor ecosystem.
Leveraging Japan’s Semiconductor Expertise:
Japan’s prominence in the semiconductor industry is undeniable, boasting approximately 100 semiconductor manufacturing plants, making it one of the top five countries with a robust semiconductor ecosystem. As the semiconductor industry is projected to grow from USD 650 billion to an astounding USD 1 trillion, Japan recognizes India’s complementary strengths and envisions a mutually beneficial partnership.
Transferring Key Technologies to India:
The collaboration between Japan and India holds significant potential for India’s semiconductor ambitions. Japan possesses global leadership in essential semiconductor elements, such as raw wafer materials, chemicals, gases, and lenses used in chip manufacturing equipment and display technologies. By sharing this invaluable knowledge and expertise with India, both countries strive to achieve groundbreaking milestones in the semiconductor industry.
The agreement between India and Japan to jointly develop the semiconductor ecosystem marks a momentous stride in their partnership. With a shared focus on enhancing the global supply chain, this collaboration harnesses Japan’s semiconductor expertise and India’s complementary strengths. Through an “implementation organization,” both nations aim to expedite progress and make significant advancements in the semiconductor industry, setting the stage for a resilient and mutually beneficial semiconductor ecosystem.
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