The diversification of global semiconductor supply chains by India and the US is expected to benefit both countries in several ways:

• Reduced reliance on a single country: By diversifying the supply chain, both India and the US can reduce their dependence on a single country, namely China, for semiconductor components. This will protect them from possible disruptions in the supply chain due to political or trade disruptions.
• Increased domestic production: The move to diversify the supply chain globally is likely to encourage domestic production of semiconductors in both India and the US. This will create new job opportunities and boost the local economies.
• Improved national security: Diversifying the semiconductor supply chain is critical for national security. It will protect sensitive technologies from falling into the wrong hands and reduce the risk of cyber espionage.
• Enhanced innovation: The semiconductor industry is critical to the development of emerging technologies such as artificial intelligence, 5G, and the Internet of Things. By expanding their semiconductor industries, India and the US can lead the innovation in these fields.

In conclusion, diversifying the semiconductor supply chain is a strategic move that can benefit both India and the US in terms of economic development, national security, and technology innovation.