India and Singapore Forge Semiconductor Partnership: MoU Signed to Boost Ecosystem

India and Singapore have signed a Memorandum of Understanding (MoU) to collaborate on semiconductor ecosystems.

India and Singapore Sign Semiconductor MoU

India and Singapore have signed a Memorandum of Understanding (MoU) to collaborate on semiconductor ecosystems. The MoU was exchanged during Prime Minister Narendra Modi's visit to Singapore in the presence of Singaporean Prime Minister Lawrence Wong.

Aimed at Strengthening Semiconductor Industries

The MoU is designed to support India's growing semiconductor industry while enabling Singapore’s semiconductor companies and supply chains to participate in the Indian market. The collaboration will leverage the strengths of both nations to build robust semiconductor supply chains.

India's Aspiration as a Semiconductor Hub

India is aiming to become a global semiconductor manufacturing center, driven by increasing domestic demand in sectors such as electronics, electric vehicles, and manufacturing. Singapore’s role in the global tech supply chain, especially in producing low-end chips for electric cars and smartphones, complements India's goals.

Opportunities for Singapore-Based Firms

Under this partnership, Singapore-based firms may explore India for assembly and testing operations due to the cost advantages. Singapore contributes about 10% of global semiconductor output, with key global players like Qualcomm, AMD, and Micron already having a presence there.

Broader Collaboration on Technology and Skills

In addition to semiconductors, the two nations also signed MoUs on digital technology, skill development, and healthcare. These agreements aim to deepen economic ties and foster innovation between the two countries.

PM Modi Engages with Singapore Business Leaders

During his visit, PM Modi held a roundtable with top business leaders and CEOs in Singapore, discussing ways to enhance economic cooperation. Modi highlighted ongoing reforms in India that encourage investment and invited Singaporean businesses to explore opportunities in sectors such as aviation, energy, and skill development.