On 24 November, Thierry Breton, Commissioner for Internal Market, and Ashwini Vaishnaw, Minister for Railways, Communications, Electronics and Information Technology of the Government of India signed a Memorandum of Understanding on semiconductors under the Trade and Technology Council. This agreement sets out how the EU and India will cooperate to build robust semiconductor supply chains and work together on innovation.
Under the Memorandum, the EU and India intend to:
- Share experiences, best practices and information on their respective semiconductors ecosystems;
- Identify areas for collaboration in research, development and innovation among universities, research organisations and businesses;
- Promote skills, talent and workforce development for the semiconductors industry and facilitate collaboration via the organisation of workshops, partnerships and the promotion of direct investments;
- Ensure a level playing field in the sector, including by sharing information on granted public subsidies.