SS: The United States will invest in expanding India’s semiconductor industry as part of a State Department-led initiative to reorient the global technology supply chain in Washington’s favor.
The new partnership, announced in New Delhi on Monday morning local time, “underscores the potential to expand India’s semiconductor industry to the benefit of both nations and the world,” Robert Garverick, the U.S. deputy assistant secretary of state for trade policy and negotiations, said in a statement to *Foreign Policy*. India is the eighth country with which the United States has signed a similar partnership—joining Costa Rica, Indonesia, Kenya, Mexico, Panama, the Philippines, and Vietnam—through the International Technology Security and Innovation (ITSI) Fund set up last year.
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SS: The United States will invest in expanding India’s semiconductor industry as part of a State Department-led initiative to reorient the global technology supply chain in Washington’s favor.
The new partnership, announced in New Delhi on Monday morning local time, “underscores the potential to expand India’s semiconductor industry to the benefit of both nations and the world,” Robert Garverick, the U.S. deputy assistant secretary of state for trade policy and negotiations, said in a statement to *Foreign Policy*. India is the eighth country with which the United States has signed a similar partnership—joining Costa Rica, Indonesia, Kenya, Mexico, Panama, the Philippines, and Vietnam—through the International Technology Security and Innovation (ITSI) Fund set up last year.