🏛️🤝 India and Malaysia deepen semiconductor ties
Oneliner
India and Malaysia have pledged to enhance cooperation in the semiconductor sector during Prime Minister Narendra Modi's visit to Malaysia. The leaders signed agreements covering semiconductors, AI, health, and renewable energy. Malaysia, the sixth-largest semiconductor exporter globally, plays a vital role in the industry, while India aims to become a global semiconductor hub by 2030, with significant investments planned in the sector.
Key points
- India and Malaysia pledge to enhance cooperation in semiconductors and technology sectors.
- Agreements signed cover AI, health, and renewable energy.
- India aims to become a global semiconductor hub by 2030.
Links
Facts
- Modi's visit marks his first to Malaysia in over ten years.
- Malaysia is the world's sixth-largest semiconductor exporter.
- Semiconductors account for 25% of Malaysia's GDP.
- India's semiconductor market is projected to reach $100-110 billion by 2030.
Quotes
- This meeting and these exchanges are truly essential, very strategic and crucial to developing and improving relations between India and Malaysia — Narendra Modi
- They have almost 30 to 40 years of experience — Indian foreign ministry
Article
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