India is trying to emerge as a competitive alternative to China in the semiconductor sector amid heightened the intensifying chip war between the US and China.

India and the US last week signed a memorandum of understanding on establishing a semiconductor supply chain, which experts see as an opportunity for both nations to reduce global dependency on China.

“The MoU seeks to establish a collaborative mechanism for the semiconductor supply chain resiliency and diversification in view of the US CHIPS and Science Act and India Semiconductor Mission (ISM),” said Charlie Dai, vice president, and research director at research firm Forrester.

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