Both leaders hailed a watershed arrangement to establish a new semiconductor fabrication plant focused on advanced sensing, communication, and power electronics for national security, next generation telecommunications, and green energy applications, the White House said in a statement.
The plant will be established with support from the India Semiconductor Mission as well as a strategic technology partnership between Bharat Semi, 3rdiTech, and the US Space Force, it said. The GlobalFoundries Kolkata Power Center will enhance mutually beneficial linkages in research and development in chip manufacturing and enable game-changing advances for zero low emission as well as connected vehicles, internet of things devices, AI, and data centres, the White House said
In recent times, competition in this arena has become fierce. Countries like the US have put in place attractive schemes to facilitate investments. In fact, government support is seen as critical. Currently, South Korea, Taiwan and China account for around 70 per cent of the global manufacturing capacity, with the balance in the US and Japan.
