The big announcements by players like Micron, Applied Materials and Lam Research during Prime Minister Narendra Modi’s United States visit are a “significant and meaningful milestone” in the expansion of the semiconductor ecosystem in the country, Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on June 23. He also said the three proposals in the high-tech arena strengthen the two countries’ resolve to shape the future of technology, products and services.
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The announcements would create an estimated minimum of 80,000 direct jobs, in addition to indirect jobs in the supply chain, Mr. Chandrasekhar said. The proposals would catalyse the electronics and semiconductor ecosystem, the Minister said during a briefing and added that in the areas of AI (Artificial Intelligence), and high-performance computing, the partnership between India and the U.S. would shape the future of technology.
