ELECTRONICS NEWS HIGHLIGHTS W22.2023
1. UK ANNOUNCES SEMICONDUCTOR PARTNERSHIP WITH JAPAN
British Prime Minister Rishi Sunak has announced a semiconductor partnership with the Japanese government, seeking to reduce risk by diversifying its chip supply chain, according to reports. Sunak said its semiconductor partnership with Japan will include R&D collaboration and skills exchange, strengthening each country’s domestic sector and enhancing supply chain resilience. The strategy will include the government spending £1bn in the medium term on the chips that underpin all modern technology, from smartphones to cars.
2. INDIA PLANS TO BECOME THE WORLD’S LARGEST SEMICONDUCTOR MANUFACTURING SITE WITHIN 5 YEARS
Ashwini Vaishnaw, Minister of India’s Electronics and Information Technology Union, said recently that if the ecosystem is in place, India will become the world’s largest semiconductor manufacturing location in the next 4-5 years. India’s current focus is on ensuring the right ecosystem is built. Vaishnaw emphasized that the government will work on building the necessary ecosystem to support it.
3. U.S & EU SEMICONDUCTOR FIRMS JOIN FORCES TO BOOST CHIPS
Europe and the Americas show their determination to boost domestic production through “chip laws” with $47 billion (Europe) and about $280 billion (US) invested in manufacturing, research and other related activities. US and EU semiconductor firm join forces towards their common goal of revitalizing the domestic semiconductor industry.