Over 100 Japanese cos exploring opportunities in India’s semiconductor journey: IESA
More than 100 Japanese companies are actively exploring opportunities in India’s semiconductor journey, representing pathways to drive technology transfer and domestic value addition, an industry association said on Thursday.
“IESA’s engagement with the Japanese ecosystem indicates that well over 100 Japanese companies in the semiconductor ecosystem are actively exploring opportunities to participate in India’s semiconductor journey,” said Ashok Chandak, president, India Electronics and Semiconductor Association (IESA) & SEMI India.
According to him, this presents opportunities to explore manufacturing operations, joint ventures, technology partnerships, supply chain localisation, R&D collaborations, and the expansion of their global businesses from India.
The Bengaluru-headquartered association’s statement follows the visit of Japan Prime Minister Sanae Takaichi to India for the 16th India-Japan Annual Summit.
During her visit, PM Takaichi and Indian Prime Minister Narendra Modi signed a joint declaration to promote project-based collaboration to enhance joint resilience in key sectors, including semiconductors, critical minerals, information and communication technology, including AI, clean energy and pharmaceuticals, as per an official statement from the Prime Minister’s Office.
PM Takaichi and PM Modi have also decided to strengthen cooperation on secure digital infrastructure for AI, including data centers, GPU and other compute resources, and semiconductors, and to jointly assess potential opportunities and vulnerabilities across the AI technology stack from an economic-security perspective.
“The renewed focus on AI, semiconductors, critical minerals, clean energy and advanced manufacturing reflects the shared vision of both countries to build a secure, innovative and globally competitive technology ecosystem,” Chandak said.
“India and Japan possess highly complementary strengths.”
Japan has semiconductor materials, specialty chemicals, manufacturing equipment, precision engineering and advanced manufacturing technologies, with a 45% Market share in upstream supply of semiconductors, while India offers semiconductor design talent, accounting for 20% of the global share, as per IESA.
“Together, these strengths create a compelling opportunity to build an end-to-end India–Japan Technology Corridor,” the executive said, adding that it could span semiconductor design, manufacturing, advanced packaging, AI hardware, electronics, critical minerals, trusted ICT infrastructure, clean energy technologies, joint R&D, startups, skilling and next-generation innovation.
This week, Fujifilm India, a subsidiary of the Japanese Fujifilm Corporation, signed a Memorandum of Understanding (MoU) with the Gujarat State Electronics Mission (GSEM) to explore manufacturing semiconductor materials in the country and strengthen domestic supply chain capabilities.
