The US Department of State has announced a collaboration with India’s Semiconductor Mission, under the Union Electronics and IT Ministry, to explore opportunities for expanding and diversifying the global semiconductor ecosystem. The partnership aims to create a more resilient, secure, and sustainable semiconductor value chain worldwide.
The initiative falls under US International Technology Security and Innovation (ITSI) fund, established by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022.
The fund provides $500 million — $100 million per year over five years, starting 2023, to the department to ensure the adoption of secure and trustworthy networks and ensure semiconductor supply chain security.
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Submission Statement:
The US Department of State has announced a collaboration with India’s Semiconductor Mission, under the Union Electronics and IT Ministry, to explore opportunities for expanding and diversifying the global semiconductor ecosystem. The partnership aims to create a more resilient, secure, and sustainable semiconductor value chain worldwide.
The initiative falls under US International Technology Security and Innovation (ITSI) fund, established by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022.
The fund provides $500 million — $100 million per year over five years, starting 2023, to the department to ensure the adoption of secure and trustworthy networks and ensure semiconductor supply chain security.