India, EU agree to coordinate policies in strategic semiconductor sector
Tags: International News
India and the European Union have entered into an agreement to coordinate their policies in the semiconductor sector.
An overview of the news
The joint statement was issued after the first India-EU Trade and Technology Council (TTC) meeting held in Brussels.
It aims to enhance cooperation, foster innovation and strengthen competitiveness in this vital industry.
The agreement emphasizes collaborative research and development activities between Indian and European companies, research institutions, and universities.
By pooling their expertise and resources, both parties aim to drive technological advancements in semiconductor manufacturing, design, and applications.
Recognizing the importance of a skilled workforce, the agreement focuses on promoting skill development initiatives in the semiconductor sector.
India and the EU will jointly work towards training programs, knowledge exchange, and capacity building to nurture a talent pool equipped with cutting-edge skills.
The agreement signifies the establishment of a long-term strategic partnership between India and the EU in the semiconductor sector.
What are Semiconductor Chips?
It is a material which has conductivity between conductor and insulator.
Compounds of silicon or germanium or gallium, arsenide or cadmium selenide are used in this.
Why are semiconductors or chips so important?
It serves as the centre and brain of all modern electronics and information and communication technology products.
The chips are used as data-storing memory chips, or logic chips that run programs.
Manufacturing of chips requires a lot of precision as well as investment.
This requires special conditions where even small disturbances around or inside the manufacturing unit can hamper production.
About European Union
The European Union is a group of 27 European countries.
The United Kingdom which was the founding member of the European Union has left the organisation.
It was founded on 1 November 1993
Headquarters: Brussels, Belgium
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