India, EU collaborate on semiconductor supply, innovation: Key takeaways

Megha Jain

Content Head
Image Credit: newsbyte

The Indian government and the European Union (EU) have inked a memorandum of understanding (MoU) to boost collaboration in the semiconductor ecosystem. Union Electronics and Information Technology Minister Ashwini Vaishnaw and EU Commissioner for Internal Market Thierry Breton signed the agreement, aiming to improve resilience in the semiconductor supply chain and foster joint innovation endeavors. Vaishnaw has shared the news on X, saying it would "deepen cooperation on semiconductor ecosystem and enhance resilience in semiconductor supply chain."