US-India Partnership Boosts Clean Energy and Semiconductor Industries
Key Ideas
- US and India to expand manufacturing and deployment of clean energies and key electronic technologies through strategic partnerships and investments.
- Creation of a new national security fab plant to manufacture semiconductors under a technology partnership between Bharat Semi, 3rdiTech, and the US Space Force.
- Both countries aim to unlock $1bn of multilateral financing to support projects across the clean energy value chain, including hydrogen safety and renewable energy technologies.
- India is focusing on expanding its semiconductor market sales, launching the India Semiconductor Mission and developing new semiconductor hubs like in Greater Noida and Dholera.
The US and India have announced plans to enhance the manufacturing and deployment of clean energies and electronic technologies through collaborations and investments. A new national security fab plant will be established to produce semiconductors as part of a strategic partnership involving Bharat Semi, 3rdiTech, and the US Space Force. The partnership also aims to secure multilateral financing for clean energy projects, including hydrogen safety initiatives and renewable energy technologies. India is set to boost its semiconductor market sales by launching the next phase of the India Semiconductor Mission and expanding semiconductor hubs in locations like Greater Noida and Dholera. The collaboration between the US and India signifies a positive step towards advancing clean energy manufacturing, global supply chains, and technological innovation in the semiconductor industry.
Topics
Investing
Clean Energy
Investment
Manufacturing
Research And Development
Collaboration
Technology Partnership
Global Supply Chains
Semiconductors
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