New Delhi [India], April 12 (ANI): John Neuffer , President and CEO of the U.S.-based company Semiconductor Industry Association The SIA has pointed out the speeding up of supply chain diversification across the worldwide semiconductor landscape, suggesting a substantial chance for India to broaden its involvement in this vital sector.

Neuffer was addressing the main discussion event of the Carnegie Global Technology Summit Being kept here. SIA stands for prominent international semiconductor firms like AMD, Nvidia, and TSMC.

Neuffer highlighted India's capabilities, especially in Printed Circuit Boards (PCBs), which are crucial elements of the supply chain for semiconductor production.

"Enhanced diversification within the supply chain is unavoidable. This trend gained momentum as economies emerged from the pandemic, revealing weaknesses and excessive reliance in various segments of the supply chain. These insights present new possibilities for India to capture a larger share of global supply chains," Neuffer stated during an exclusive conversation with ANI at the fringe events of the Carnegie Global Trade Summit.

India and the U.S. have been working intensively to enhance their capacities in artificial intelligence and to broaden the supply chains for key technological components.

During Prime Minister Narendra Modi's trip to the United States earlier this year in February, both he and President Donald Trump unveiled the US-India TRUST ("Transforming the Relationship Utilizing Strategic Technology") initiative. This program aims to boost cooperation between governments, academic institutions, and businesses to advance the deployment of key and cutting-edge technologies such as defense systems, AI, semiconductors, quantum computing, biotech, energy solutions, and space exploration. The effort also emphasizes working with certified tech providers and safeguarding advanced technological resources.

In recent years, India has seen considerable progress in semiconductor manufacturing, with major domestic corporations like Tata, the Adani Group, and L&T entering this sector.

A report from the international investment firm Jefferies suggests that India could emerge as a major center for semiconductors, bolstered by supportive governmental measures, increasing market needs, affordable manufacturing facilities, and strong ties with countries in the West. (ANI)