At SEMICON India 2024, SEMI, the global industry association connecting the semiconductor and electronics design and manufacturing value chain, enters into a strategic partnership with India Electronics and Semiconductor Association (IESA). IESA is a leading industry body representing electronics and semiconductor sectors in India.
As per the agreement, IESA will become part of the global SEMI family and represent SEMI in India, while continue to use its current brand to implement SEMI’s processes and select initiatives. The coming together of the bodies will bolster India’s ambition to become a semiconductor powerhouse by advancing its design and manufacturing ecosystem. Together, they will enhance domestic manufacturing in line with India’s Make in India initiative, support workforce development, improve global competitiveness, and foster greater technological self-reliance. Additionally, SEMI members will now have direct access to India’s growing semiconductor market, tapping into new growth opportunities.
Ajit Manocha, President and CEO, SEMI, expressed his excitement about this milestone, stating, “India holds immense potential in the semiconductor space, and many global companies are already exploring the opportunities within the country’s semiconductor industry. This partnership will help SEMI grow a strong presence in this critical emerging market and enable both organizations to identify tangible strategies that leverage our combined strengths to enhance supply chain resilience.”
Dr. Veerappan, Chairperson, and Ashok Chandak, President, IESA, emphasized the strategic significance of the partnership, saying, “This milestone is a major win for India, SEMI, and IESA. It positions India to become a global semiconductor powerhouse, accelerates economic growth, and fosters innovation. By combining our capabilities with SEMI’s global standards, network, and resources, we are fortifying India’s ambitions and attracting global partnerships and investments to scale up design, manufacturing, and production capacities.”
This agreement will also pave the way for joint policy advocacy efforts, with IESA and SEMI working closely with both Central and State governments to drive incentives for product development and manufacturing, leveraging key programs such as the Production Linked Incentive (PLI) and Design Linked Incentive (DLI) models.
The Semiconductor Executive Forum, held on 10th Sept ahead of the SEMICON India event chaired by Ashvini Vaishnaw, India’s Minister for Railways, Electronics and IT and Information and Broadcasting, saw participation from over 100 industry leaders from SEMI member companies, with a significant participation of IESA members.
