Bangalore, April 15 2022: India Electronics and Semiconductor Association (IESA) and The Semiconductor Industry Association (SIA) met with the Government of Karnataka yesterday to discuss how to develop further, the semiconductor industry in India, particularly in Bangalolre and Karnataka.
Recently, these top trade association representing the U.S. semiconductor industry has signed a Memorandum of Understanding (MoU) with the India Electronics & Semiconductor Association (IESA), the premier trade group representing India’s semiconductor and electronics systems design and manufacturing industry.
Both organizations will also co-organize joint events (virtual or in-person) to explore potential opportunities for U.S.-India cooperation within the global semiconductor value-chain.
Said Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries & Commerce, Government of Karnataka: “Karnataka has sector-specific policies to boost overall industrial growth in the state. We have exclusive policies for the ESDM sector to make sure we are providing the best possible incentives and infrastructure for investors. We are working closely with both industry and Govt stakeholders to build design and manufacturing capabilities. Meeting with SIA leadership team today in this context to explore opportunities to collaborate more with the global giants of Semiconductor industry and thereby attract more investments to the state of Karnataka is big moment for the state.”
Added John Neuffer, President and CEO, Semiconductor Industry Association: “SIA had a productive and candid discussion with Commissioner Gunjan Krishna today. Not only were we touched by the hospitality of her office, but also enthused by the state government's efforts to attract new players to the existing semiconductor ecosystem. We look forward to continuing these important conversations and helping our members connect to the state’s policymakers."
K Krishna Moorthy, CEO & President IESA, commented, “For IESA this interaction of the SIA delegation led by John Neuffer, with the Government of Karnataka is very important since Karnataka and Bengaluru in particular are the electronics and semiconductor knowledge capital of India. The SIA delegation got to know in detail the specifics of the many sector-specific policies, support systems, and infrastructure from the state government and also learned about the success stories the state of Karnataka has created over the years in the ESDM industry. It was a very good and detailed interaction the State government had with the SIA team today and happy to see that SIA assured cooperation with the state from their members.”