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India-US Chip Technology

Published on March 12, 2023

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).

India-US Chip Technology

  • 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

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