The agreement focuses on the identification of specific areas of collaboration in research and development, involving both academic institutions and companies
In a significant move towards strengthening global semiconductor supply chains, India and the European Commission recently signed an agreement that aims to consolidate collaboration in semiconductor research and development. The Memorandum of Understanding, signed by the European Commissioner for the Internal Market Thierry Breton and the Indian Minister of Communications, Electronics and IT Ashwini Vaishnaw, lays the foundations for an important strategic partnership between the two entities. The agreement includes several key initiatives, such as the sharing of knowledge and resources between the semiconductor markets in Europe and India. In particular, the agreement focuses on the identification of specific areas of collaboration in research and development, involving both academic institutions and companies. Another fundamental aspect of the agreement is the joint development of the semiconductor ecosystem in the respective markets, with a focus on promoting talent and skills in the sector.
This collaboration comes at a crucial time, when both India and the European Union are looking to develop their own domestic chip industries. This effort is driven by the desire of both parties to guarantee greater autonomy in supply chains and to mitigate any future problems related to the supply of these essential components. In the context of the current geopolitical scenario, which sees semiconductors at the center of multiple tensions commercial and security, Commissioner Breton underlined the vital importance of these components for global economies. He also highlighted the importance of this cooperation with India as a key step in overcoming supply chain challenges and strengthening long-term resilience through joint initiatives in research and skills development.