Get All Access for $5/mo

India And Japan Sign MoU To Develop Semiconductor Industry Earlier the government signed a similar MoU with the US in March 2023

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter

India and Japan signed a memorandum of understanding (MoU) on semiconductor development, which will include design, manufacturing, equipment research and talent development. This is the second such partnership, earlier the government signed a similar MoU with the US in March 2023.

Minister of Electronic and Information Technology Ashwini Vaishnaw said the government had multiple rounds of discussions with the Japanese industry, the Japanese government and Japanese academia and then reached the decision.

"Rapidus, a Japan corp, will be playing a role in focusing on the full value chain, instead of what other countries are doing, which is emphasising only fabrication. With Japan, we usually have detailed discussions and once the agreement is signed, it goes on for years," said the minister.

"India semiconductor missions are progressing at a very fast pace step by step. We are achieving new milestones. Today a very important milestone has been achieved," added Vaishnaw

As per the minister, the MoU is on five fronts, viz. semiconductor design, manufacturing, equipment research, talent development, and bringing resilience to the semiconductor supply chain.

"The agreements such as the U.S.-India initiative on Critical and Emerging Technology (iCET) and the one with Japan provided clear directional support when industries from the respective nations engage in talks. The government's strategy is now evidently focused on supporting industries in India, whether collaborating with the US or Japan," he added.

The government announced a $10 billion crore PLI incentive in December 2021 to develop a semiconductor ecosystem in the country.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

News and Trends

Aadhaar-Driven Financial Inclusion: Catalyzing Regional Economic Growth in Rural India

The emergence of digital tools such as the Aadhaar-enabled Payment System (AePS), which uses the biometric-based Aadhaar identity system for cash transfers and regular banking tasks, has become a tool to bridge the gap and improve financial inclusion