During Modi’s Singapore visit, India to lay emphasis on cooperation in semiconductor sector
New Delhi: Cooperation in the semiconductor field will be a key emphasis during Prime Minister Narendra Modi’s visit to Singapore, as India seeks to become part of the global manufacturing hub for the critical technology.
In terms of de-risking and improving supply chain resilience, Singapore is being seen as a safe bet in the era of US-China rivalry.
Interestingly, Singapore–despite being a small city-state–contributes to around 10 percent of global semiconductor output, 5 percent of global wafer fabrication capacity, and 20 percent of semiconductor equipment production.
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According to Indian government sources, nine of the world’s 15 top semiconductor firms have set up shop in Singapore.“In the 1960s, US chip makers, looking for lower labour ...