Semicon India 2024 witnessed the signing of a strategic agreement between the global semiconductor body SEMI and the Indian Electronics and Semiconductor Association (IESA). This partnership aims to strengthen India’s semiconductor ecosystem by integrating IESA into SEMI’s global network, which organizes key events like Semicon India.
According to Ajit Manocha, President and CEO of SEMI, the collaboration will allow both organizations to harness their combined strengths to improve supply chain resilience and expand SEMI’s presence in the Indian market. The agreement will focus on enhancing the growing semiconductor industry in the country.
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The partnership also opens doors for joint policy advocacy, as SEMI and IESA plan to work closely with both Central and State governments. They aim to secure product development and manufacturing incentives through India’s Production Linked Incentive (PLI) and Design Linked Incentive (DLI) schemes.
This collaboration is seen as a significant step forward for India’s ambitions in the semiconductor sector. IESA President Ashok Chandak highlighted that the agreement accelerates economic growth and boosts India’s position as a potential global leader in the semiconductor industry.
As the industry grows, investors may explore the best semiconductor stocks in India, reflecting the country’s expanding role in this critical market.
