NEW DELHI – Japan and India have agreed to strengthen semiconductor provide chains with the purpose of accelerating financial safety in response to China’s rising clout within the Indo-Pacific area and past.

Yasutoshi Nishimura, minister of economic system, commerce and business, and Ashwini Vaishnaw, India’s minister of electronics and knowledge know-how, signed a memorandum of understanding on Thursday in New Delhi.

The settlement comes amid Japan’s efforts to deepen partnerships with allies and like-minded nations to develop extra resilient provide chains for crucial merchandise and supplies, together with chips, batteries and minerals, within the face of heightened geopolitical and financial safety challenges posed by China and Russia.