India, Not Part Of APEC, Mentioned By Biden In Relation To Semiconductor Industry
SAN FRANCISCO, CA – President Joe Biden on November 16 reaffirmed the United States “commitment to strengthen” the semiconductor supply chain, with a special emphasis on collaborative efforts with key nations, including India.
Biden also underscored the importance of working together with India, Japan, the Republic of Korea, and Singapore to strengthen the critical semiconductor industry.
The President highlighted the launch of new initiatives aimed at shaping technologies and standards that will drive transformation in the semiconductor sector.
India, specifically mentioned by President Biden, is set to play a pivotal role in this global initiative. The strengthened partnership between the United States and India in the semiconductor domain not only signifies the mutual commitment to technological advancement but also underscores the strategic importance of India as a key player in the global technology landscape.
Leaders of the 21-member Asia-Pacific Economic Cooperation Forum are meeting in San Francisco for the 30th APEC Leadership Summit being hosted by the US and chaired by President Biden.
APEC members account for 62 per cent of the global GDP and almost half of global trade. Its members are Australia, Brunei, Canada, Indonesia, Japan, S Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, US, Taiwan, Hong Kong, China, Mexico, Papua New Guinea, Chile, Peru, Russia and Vietnam. India, a major economy, is not part of APEC.