India and the United States have signed a memorandum of understanding (MoU) to strengthen collaboration in the field of semi-conductors. The agreement includes a plan to diversify global semi-conductor supply chains to mitigate the risks associated with a centralized supply chain. Here are a few key points of the MoU:

• Under the agreement, India will provide land and infrastructure for the construction of semi-conductor fabs (fabrication plants).
• The United States will support India in skill development, R&D, and institutional capacity-building in the field of semi-conductors.
• The two countries will cooperate in the development and adoption of emerging technologies such as Artifical Intelligence, Internet of Things, and 5G networks.
• The partnership aims to increase the manufacturing capacity of semi-conductors and reduce dependence on China, which currently dominates the semi-conductor manufacturing market.
• The cooperation will also enhance the economic ties between India and the United States and contribute to the growth of the global tech industry.

The MoU reflects a shared vision of India and the United States to promote a free, open, and resilient global economy. Overall, the agreement is expected to boost the competitiveness of both countries in the global semi-conductor market and contribute to technological advancements.