Assessing India’s Readiness to Compete in Global Semiconductor Value Chains

As global value chains reshuffle amidst a push for increased diversification, resilience, and security, India has become an increasingly competitive global player in advanced technology industries. Against that backdrop, President Biden and Indian Prime Minister Narendra Modi announced the U.S.-India initiative on Critical and Emerging Technology (iCET) in May 2022 to elevate and expand the two countries’ strategic technology partnership and defense industrial cooperation. As part of the inaugural meeting of the iCET in January 2023, the U.S.-based Semiconductor Industry Association (SIA) and the India Electronics and Semiconductor Association (IESA), agreed to develop a “readiness assessment” to identify near-term industry opportunities, facilitate the longer-term strategic development of their complementary semiconductor ecosystems, and make recommendations to the U.S. Department of Commerce and the government of India’s India Semiconductor Mission (ISM). ITIF was commissioned to undertake the assessment. A summary of ITIF’s initial findings was delivered to the Indian and U.S. governments in June 2023. Now, ITIF has published its final report.

Watch now for an expert panel discussion about ITIF’s final report assessing India’s readiness to assume a greater role in global semiconductor value chains. How does its business and regulatory environment compare to other nations vying for competitive advantage in the industry? What policy steps is India taking to strengthen its position? And how can the United States and India collaborate and learn from each other as strategic partners?