India and Singapore have entered into a Memorandum of Understanding (MoU) to boost collaboration in semiconductor ecosystems. This strategic agreement focuses on strengthening supply chains, encouraging research and innovation, and attracting investments in the semiconductor industry. The partnership aims to foster technology sharing, talent development, and infrastructure expansion, enabling both nations to play significant roles in the global semiconductor market. This move aligns with India’s broader goal to increase domestic semiconductor production and reduce dependency on imports.
