Indo-US agreement on semiconductor chip making: Computers and mobiles will be cheaper than local manufacturing, now dependent on other countries.

India and the US will work together to increase the supply of semi conductors worldwide. In this regard, a Memorandum of Understanding (MoU) has been signed between the two countries during the India-USA Commercial Dialogue on Friday (March 10). The Commerce Ministry has given information about this.

On the invitation of Industry Minister Piyush Goyal, US Commerce Secretary Gina Raimondo came to Delhi to participate in the India-US CEO Forum. According to this agreement, both the countries will work on partnership in the sector of semi-conductor supply chain and innovation.

There is a big fight going on all over the world regarding semiconductor ie a small chip. While China is facing US sanctions, many American companies want to work with Indian companies in the supply chain of electronics and semi-conductor parts. India has also launched an incentive scheme of Rs 1000 crore for chip and display production. In such a situation, both the countries will benefit from this deal between India and America.