Modi, Biden vow stronger links, better chip supplies
1 year, 3 months ago

Modi, Biden vow stronger links, better chip supplies

Live Mint  

New Delhi: Prime Minister Narendra Modi and US President Joe Biden reaffirmed their nations’ close ties and commitment to developing robust global semiconductor supply chains during their meeting before the G20 Leaders’ Summit in New Delhi, building on discussions from their June bilateral meeting. Modi and Biden also spoke of India’s intent to purchase MQ-9B Predator drones from US firm General Atomics. The two leaders also welcomed India’s role as a repair and maintenance hub for US Navy vessels and increased efforts to bring private players in the defence industry together. “The leaders reiterated their support for building resilient global semiconductor supply chains, noting in this respect a multi-year initiative of Microchip Technology, Inc., to invest approximately $300 million in expanding its research and development presence in India and Advanced Micro Device’s announcement to invest $400 million in India over the next five years to expand research, development, and engineering operations in India,” the joint statement said.

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