IANS | 10 Apr, 2024
In a boost for the country’s semiconductor industry, the India
Electronics and Semiconductor Association (IESA) on Wednesday forged an
alliance with global industry association SEMI.
The Memorandum of
Understanding (MoU) is a strategic move to foster collaboration and
synergies between the two bodies, with the aim of enhancing the Indian
semiconductor ecosystem and global partnerships, they said in a
statement.
The collaboration will connect Indian stakeholders to
the global semiconductor manufacturing and design supply chain,
addressing areas such as manufacturing, enabling policies, design,
skilling, R&D, academia and supply chains.
“We expect our
collaboration with multiple partners on ‘SEMICON India 2024’ in
September to serve as a catalyst in these efforts,” said Ajit Manocha,
President and CEO of SEMI.
SEMI represents over 3,000 member companies in the semiconductor design and manufacturing supply chain.
The partnership also aims to harness research data to further these goals.
“As
we stand at the cusp of an unprecedented transformation, the MoU
between IESA and SEMI marks a pivotal moment for India’s semiconductor
industry,” said Ashok Chandak, President of IESA.
The
collaboration will also see both organisations leveraging their events
and initiatives to enable companies to meet, form new partnerships and
advance the emerging Indian manufacturing and design ecosystem.
This
strategic partnership “symbolises our collective resolve to propel
India into global semiconductor orbit by harnessing SEMI’s extensive
international network and IESA’s deep-rooted expertise in the Indian
ESDM Industry,” Chandak added.
According to Dr Veerappan,
Chairperson of IESA, “We are poised to unlock unprecedented
opportunities for growth, collaboration, and technological advancement
between Indian and global players.”