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Updated: Jun 22, 2023 05:42 IST

Washington DC [US], June 22 (ANI): Sanjay Mehrotra, President-CEO of Micron Technology, world leaders in semiconductors on Wednesday (native time) met Prime Minister Narendra Modi and stated that the assembly with him was “excellent.”
“I had an excellent meeting with PM Modi. I am very impressed with the vision that he has for India and the advances that India is making. We discussed a wide range of topics and we really look forward to greater opportunities in India,” stated Mehrotra.
Recently, India and the US have signed a Memorandum of Understanding (MoU) on establishing the Semiconductor Supply chain throughout India – USA fifth Commercial Dialogue 2023, which may also help India understand its long-nurtured dream of changing into a hub for digital items.
The MoU seeks to ascertain a collaborative mechanism between the 2 governments on semiconductor provide chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission.
The US and China are giants in chip manufacturing. So, this pact with the US to strengthen cooperation within the semiconductor sector to facilitate industrial alternatives and the event of innovation ecosystems is probably going to assist India immensely.
It may also help India align right into a extra central function within the world electronics provide chain.
The crunch in semiconductors provide started throughout Covid-19 and went on to accentuate in 2021. A Goldman Sachs report advised that not less than 169 industries had been impacted by the global chip supply shortage in 2021.
The crunch has eased now however some disruptions within the provide chain nonetheless exist.
Notably, the Union Cabinet cleared a Rs 22,500 crore (USD 2.7 billion) funding by American chipmaker Micron for establishing a semiconductor unit within the nation.

Micron is amongst the highest semiconductor corporations on this planet and plans to arrange a semiconductor testing and packaging unit – one of many vital jobs within the journey of chip manufacturing – inside the nation.
Recently, China has additionally banned Micron which makes semiconductor chips and likewise works in Artificial Intelligence expertise. This was China’s retaliation towards US actions.
Increasing competitors for dominance between US and China could have spillover results for international locations like India.
From a home perspective, this might additionally immediate a possible realignment of India’s present coverage strategy on chip manufacturing: which is presently targeted, virtually completely, on the manufacture of mature nodes – typically outlined as chips which might be 40 nanometres (nm) or above and discover utility in sectors such because the automotive trade – earlier than making an attempt to aim an entry into the extra superior nodes (smaller than 40nm), that are way more strategic, however require distinctive manufacturing capabilities and venture execution expertise.

PM Modi additionally met H Lawrence Culp Jr, Chairman and CEO, of General Electic and CEO of General Electic Aerospace.
GE Aerospace has massive plans to ramp up its Indian operations. The firm is searching for to consolidate its place because the engine provider of alternative as India’s industrial airliners place document orders for a whole lot of planes with demand for air journey hovering within the subcontinent post-Covid.
GE Aerospace, whose Indian engineering workforce already performs a central function in creating its engines, together with those who go on the bigger, ‘wide-body’ plane, expects that India’s airways will even purchase extra of such plane as worldwide journey picks up too.
Biden administration is ready to approve a possible multi-million government-to-government deal, to allow General Electric (GE) to fabricate fighter jet engines in India throughout PM Modi‘s US go to.
Biden administration is ready to approve a possible multi-million government-to-government deal, to allow General Electric (GE) to fabricate fighter jet engines in India throughout PM Modi‘s June 21-24 US go to.
India is evaluating proposals from American and French companies for its Made in India plane together with the LCA Mark 2 and the Advanced Medium Combat Aircraft. The analysis of the proposals from either side is occurring. The key elements for these proposals can be the extent of the switch of expertise and pricing. (ANI)