Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

IESA And SSIA Form Partnership To Boost Semiconductor Ecosystem

- Advertisement -

The partnership will emphasize skill development, job creation, manufacturing, research, and supply chain enhancements and aims to drive innovation, cultivate talent, and expand business opportunities within the semiconductor sector for both countries.

In a strategic move to strengthen the ESDM ecosystems of India and Singapore, the India Electronics and Semiconductor Association (IESA) has signed a Memorandum of Understanding (MoU) with the Singapore Semiconductor Industries Association (SSIA). This collaboration aims to enhance India’s global position in the ESDM market through partnerships, investments, joint ventures, vocational training, and technology collaborations.

The MoU was signed by Mr. Ang Wee Seng, Executive Director of SSIA, and Ashok Chandak, President of IESA, during the “Semiconductor Business Connect 2024” conference in Singapore. The event focused on empowering SMEs by fostering collaboration and innovation in the semiconductor industry.

- Advertisement -

Dr. V Veerappan, Chairman of IESA, highlighted SSIA’s role in representing Singapore’s semiconductor sector and emphasized IESA’s commitment to collaborative efforts to develop the ESDM ecosystem. This partnership aims to leverage opportunities in both nations, enhancing resilience and competitiveness in electronics manufacturing.

Ang Wee Seng, Executive Director of SSIA, stated that collaborating with IESA is a step forward in developing globally significant products and services. He expressed confidence that working closely with industry and academia in both countries will strengthen the global footprint in the semiconductor sector, supporting opportunities in India.

Ashok Chandak, President of IESA, noted that this partnership unites two leading industry bodies, bringing together semiconductor companies and experts from both nations. He emphasized that the collaboration marks a key moment in IESA’s strategy to enhance global cooperation, capitalize on opportunities in India, and foster a thriving ecosystem. The partnership is expected to drive talent development, technology transfer, and expand business horizons for both countries.

IESA, SSIA, and Enterprise Singapore are planning to lead a business delegation to India in August 2024 to deepen collaboration and stimulate innovation within the semiconductor sector.  Representatives from IESA at the Singapore Connect event included Col Anurag Awasthi, VP of IESA, Mr. Raghu Panicker, CEO of Kaynes SemiCon, Mr. Ved Mall, Director of Marketing and Membership at IESA, Ms. Bhanupriya, and other IESA members. The event also featured an IESA keynote address and a panel discussion on the opportunities between the two countries.

IESA will actively promote a dynamic ecosystem by hosting events and increasing awareness of SSIA among its members. The organizations will also conduct a joint landscape study covering Singapore and India to identify potential business opportunities for SMEs.

- Advertisement -

Most Popular Articles

Industry's Buzz

India May Revise EV Policy Following Trade Talks

0
With major policy changes hinging on the outcome of trade negotiations, India may slash import duties and ease investment rules to attract global EV...

Samsung, Micron Exit DDR4, Taiwan Steps In

0
DDR4 era ending? Samsung and Micron cut output, followed by SK Hynix. Taiwanese firms are gaining momentum as DDR5 and HBM take centre stage...

Suzlon Lands 378MW Wind Deal With NTPC Green Energy

0
Powering India’s green goals in Karnataka, Suzlon clinches 378MW wind deal with NTPC Green Energy, boosting their clean power partnership to 1.54GW. Wind turbine...

STMicroelectronics Sees Q2 Recovery After Weak Start To 2025

0
Despite profit plunge, STMicroelectronics meets Q1 targets, forecasts Q2 rebound with $2.71 billion revenue as chip sector begins slow recovery. Shares jump 4 per...

Delta Electronics Eyes Growth In India Amid Supply Chain Shifts

0
Powering up in India by tapping EVs, AI, and automation, Delta Electronics is eyeing growth as global firms shift from China to the country's...

Learn From Leaders

Dr Venkatesh Vadde, Co-founder and CEO, Sensio Enterprises

“We Are One Of The Very Few—Perhaps Two Or Three—Companies Globally That Are Actually...

0
A decade ago, smartwatches were unknown. But now, the still nascent wearable market is talking about smart rings for health monitoring! What does Bengaluru’s...
Agalya Kondappan, Managing Director, Glonix Electronics Private Limited

“By Procuring Components In One Lot And Fabricating The Boards At Once, Clients Can...

0
Calling themselves a comprehensive solution provider, how is a company ensuring component authenticity, managing pricing, fabricating and assembling, then offering cost-effective bulk solutions? Agalya...
Kiran M S, Founder and Managing Director, Indus Technologies

“We Collaborate Directly With Customers Due To Ongoing Market Volatility To Create More Realistic,...

0
Can volatile supply chains be tackled without traditional forecasting tools? With 15 years in the industry, Kiran M S of Indus Technologies tells EFY’s...
Avesh Memon, Founder and CEO, Rilox EV Private Limited

“There Should Be Additional PLI Schemes For SMEs”- Avesh Memon, Rilox EV

0
As electric logistics gain momentum, key roadblocks remain. Avesh Memon of Rilox EV breaks down how limited charging infrastructure, high EV costs, and battery...

“We Aim To Make Every Garage In India EV-Ready” – Shubham Mishra of BatteryOK...

0
How Battery diagnostics in electric vehicles can be upgraded leveraging artificial intelligence? Shubham Mishra of BatteryOK Technologies, shares these insights with EFY’s Aryaman Raghuvanshi...

Startups

Dr Venkatesh Vadde, Co-founder and CEO, Sensio Enterprises

“We Are One Of The Very Few—Perhaps Two Or Three—Companies Globally That Are Actually...

0
A decade ago, smartwatches were unknown. But now, the still nascent wearable market is talking about smart rings for health monitoring! What does Bengaluru’s...

Inside BluSmart’s Stunning Fall After SEBI Crackdown Turns Green Ride Red

0
Once India’s EV poster child, BluSmart has halted services after SEBI exposed massive fund misuse, unravelling a cautionary tale of ambition, misgovernance, and lost...

IG Drones Reports 330% Revenue Growth In FY25, Eyes ₹1B Target

0
Soaring with 330% revenue growth in FY25, startup IG Drones eyes ₹1 billion in FY26, backed by booming demand, new drones, and global expansion...

Plugzmart’s Indigenous EV Fast Charger Gets ARAI Approval

0
Powering heavy-duty vehicles in 20 minutes while backing India’s push for tech self-reliance, Plugzmart’s fully homegrown 240kW EV fast charger earns ARAI nod. Plugzmart,...

Ather Energy Mulls $50 Million IPO Cut

0
Due to market volatility, Ather Energy may trim its $400 million IPO by $50 million but plans to proceed with the offering in the...