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India signs MoU with EU on semiconductor ecosystem; set to enhance resilience in supply chain
Bolstering their technology collaboration, India and the European Union (EU) have signed a Memorandum of Understanding on the semiconductor ecosystem today, November 24. The initial agreement was signed by Union Minister Ashwini Vaishnav and the EU Commissioner for Internal Market Thierry Breton. As part of the agreement, both India and the EU will share experiences and best practices, and identify areas for collaboration to bolster the semiconductor ecosystem among other action points.