India & US sign MoU on semiconductor Supply Chain

India and the United States have signed an MoU on semiconductor Supply Chain and Innovation Partnership following the Commercial Dialogue 2023; It was signed between Commerce and Industry Minister Piyush Goyal and US Secretary of Commerce Gina Raimondo in New Delhi on Friday, March 10, 2023. The MoU seeks to establish a collaborative mechanism between the two governments on Semiconductor Supply chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission.The India-US Commercial Dialogue was also re-launched to discuss cooperation for unlocking new trade and investment opportunities between the two countries. Focused on supply chain resiliency, quality standards & clean energy among others. Both nations look forward to realising the outcomes of this dialogue, he said.