US partners with India Semiconductor Mission to expand global ecosystem

The US Department of State has announced a collaboration with India’s Semiconductor Mission, under the Union Electronics and IT Ministry, to explore opportunities for expanding and diversifying the global semiconductor ecosystem. The partnership aims to create a more resilient, secure, and sustainable semiconductor value chain worldwide.

United States’ $500 million semiconductor fund

The initiative falls under US International Technology Security and Innovation (ITSI) fund, established by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022.