The EU and India sign MoU on semiconductors
The EU and India partnered on semiconductors, aiming for robust supply chains and innovation. Regular meetings are planned, with the next in early 2024 in India.
The European Union (EU) and India have taken important steps to improve their partnership within the semiconductor industry. At a meeting between the co-chairs of the EU-India Trade and Technology Council (TTC), Executive Vice-President Valdis Dombrovskis and Vice-President Věra Jourová, alongside their Indian counterparts, Minister of External Affairs Subrahmanyam Jaishankar, Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw, and Minister of Commerce Piyush Goyal – the primary agenda was to assess the progress achieved under the EU-India TTC, collaboration in semiconductors and set the groundwork for the forthcoming Ministerial meeting.
A significant highlight of the meeting was the endorsement of the EU-India Memorandum of Understanding (MoU) on semiconductors. The agreement, inked by Thierry Breton, Commissioner for Internal Market from the EU, and Ashwini Vaishnaw, Minister for Railways, Communications, Electronics and Information Technology of the Indian Government, signifies a mutual commitment to fostering robust semiconductor supply chains and fostering innovation through joint endeavours.
Outlined within this MoU are key objectives aiming to solidify collaboration between parties:
- Share experiences, best practices and information on our respective semiconductor ecosystems;
- Identify areas for collaboration in research, development and innovation among universities, research organisations and businesses;
- Promote skills, talent and workforce development for the semiconductors industry and facilitate collaboration via the organisation of workshops, partnerships and the promotion of direct investments;
- Ensure a level playing field in the sector, including by sharing information on granted public subsidies.