On March 10, 2022, the United States and India signed a semiconductor supply chain cooperation agreement. The agreement aims to strengthen cooperation between the two countries in the semiconductor field and jointly resist China's rise in the global semiconductor market.
Semiconductors are the foundation of modern technology and the cornerstone of modern society. However, due to the complexity of the semiconductor production process and the huge investment scale, the semiconductor industry has always been one of the few highly monopolized industries. In this industry, China is a latecomer, and catching up with the world's leading level has become an important strategic goal of the Chinese government.
The semiconductor industries in the United States and India are relatively mature. The agreement signed by the two countries aims to strengthen cooperation and promote the security and stability of the semiconductor supply chain. The agreement includes many aspects, such as: jointly carry out technical cooperation and research and development, promote investment and production in the semiconductor industry, establish a security mechanism for the semiconductor supply chain, and accelerate the development of the Indian semiconductor industry, etc.
The signing of this agreement is another step in the cooperation between the United States and India in the field of semiconductors. Previously, the United States has signed a number of semiconductor cooperation agreements with other countries, aiming to establish a semiconductor industry chain composed of multiple countries and improve the security and stability of the global semiconductor supply chain led by the United States. At the same time, this is also an important measure taken by the United States in the process of responding to the rise of China's semiconductor industry.
The semiconductor industry is a highly competitive industry. With the continuous advancement of technology and constant changes in the market, the pattern of the semiconductor industry is also constantly changing. Signing an agreement is just the beginning, and how to truly realize cooperation in actual operation still needs time and effort. In addition, as the number of countries signing semiconductor cooperation agreements with the United States increases, the resistance to the development of China's semiconductor industry will become greater and greater, and the development of China's semiconductor industry has a long way to go.
Image Source: Nihon keizai shinbun
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