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The EU and India have agreed and signed an agreement on semiconductors. The aim of the agreement is to build robust supply chains and promote innovation. Specifically, it involves the exchange of experience on semiconductor ecosystems, closer cooperation between universities and researchers and a level playing field. Cooperation is to be promoted through workshops and partnerships.

India and the EU are also linked via the Trade and Technology Council (TTC) that welcomes the semiconductor agreement. It will also monitor the progress of the semiconductor industry with regard to the agreement.

Source: EU Commission