SEMI and IESA discuss the potential of India’s electronics and semiconductor industry


SEMI Chairman and CEO Ajit Manocha met with India Electronics and Semiconductor Association (IESA) leaders Vivek Tyagi and K Krishna Moorthy in New Delhi and Bengaluru to explore collaboration opportunities to promote the semiconductor and electronics industry.

The meetings are taking place against the backdrop of Semicon India 2022 hosted in Bengaluru from April 29 to May 1 by the Ministry of Electronics and Informatics and the recently announced scheme for promoting semiconductor ecosystem in India with a massive outlay of Rs 76,000 crore. The vision is to catalyze the industry in India and support investors by ensuring that the benefits of semiconductors and other programs under the national electronics policy are provided to them and the objectives are reached.

A statement from the Ministry of Electronics and Information Technology said on Saturday that two associations have agreed to foster collaboration and identify potential opportunities in the future semiconductor and microelectronics sector in the country and to work to realize the potential. Vivek Tyagi is the Chairman and K Krishna Moorthy, CEO and Chairman of IESA.

SEMI, headquartered in Milpitas, California, USA, is the world’s leading industry association comprised of companies involved in the semiconductor supply chain, electronics design and manufacturing, connecting a broad community global electronics industry serving more than 2,500 member companies and 1.3 million professionals worldwide.

IESA is the premier trade body committed to developing a vibrant Indian Semiconductor and Electronic Systems Design and Manufacturing (ESDM) ecosystem and evangelizing the dream of establishing “Brand India” which is recognized in the worldwide as a go-to destination for electronics.

The release says the IESA acts as a trusted knowledge partner to central and state governments, assisting with device policies and incentives for the ESDM industry to help attract investment in India.

The statement said promoting technology solutions that positively impact the lives of India’s 1.3 billion citizens is a key goal for IESA, which it achieves by bridging the gap between academia and industry to bring innovations to market faster.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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