• Prospects for India-US collaboration in the semiconductor industry: There is immense potential for India-US collaboration in the semiconductor industry, as India holds a large market for the consumption of semiconductors, while the US is a major manufacturer and innovator of semiconductor technology. The partnership can focus on design, fabrication, and assembly of semiconductors, which can lead to cost-effective production and better technology capabilities for both countries.
• Impact on India's technology sector: Collaboration with the US in the semiconductor industry can help boost India's technology sector by providing access to advanced technology, equipment, and materials, which can result in better research and development and enhanced product lines. It can also attract investment and contribute to the growth of local industries to support the digital economy.
• The US initiative on diversification of global semiconductor supply chains: The US government recently announced a $52 billion investment in the semiconductor industry to diversify the global supply chains and reduce dependence on China. This initiative can provide India with an opportunity to secure a significant share in the global semiconductor supply chain and reduce dependency on foreign imports.
• Implications for India's technology sector: The US investment in the semiconductor industry can create new opportunities for India's technology sector to develop partnerships with American semiconductor companies and attract direct investment, leading to more technology transfer and research opportunities. It can also help India create a more robust semiconductor industry to support the growth of the local economy.