Current Context:India and United States have signed a MoU for develop a semiconductor technology. The memorandum of understanding gives a pathway to the collaboration between US department of commerce and the ministry of electronics and technology (MeitY).
- Rs.76000-crore incentive scheme for this purpose.
- It provides 50% fiscal support for the development of semiconductor ecosystem for setting up semiconductor labs.
- Foxconn has planned on investment of Rs.1.54 trillion for an India-based organization. A company will be set up in Gujarat.
- A plant in Mysuru will be established with the collaboration of Dubai-based Company NextOrbit and Israeli based Semiconductor with the Karnataka government.
- 2-3 billion dollar minimum investment for global chip manufacturing.
Question:
Q.1 India and United States have signed a MoU for develop a semiconductor technology. A company will be set up in Gujarat. Which organization is planning to invest?a. TCS
b. Jubilant
c. Foxconn
d. Byjus
