India Semiconductor Association (ISA) inks Memorandum of Understanding with UK Trade & Investment (UKTI)

Move to bolster’ Global Value Chain’ Partnerships between the Indian and UK Semicon Industries

Bangalore, India. September 1, 2009: The India Semiconductor Association (ISA), the premier trade body representing the Indian semiconductor, systems and solar photovoltaic industry, signed a Memorandum of Understanding (MoU) with the UK Trade & Investment (UKTI) on Monday evening. The MoU was signed by Mr. BV Naidu, Chairman, ISA and Ms. Jane Owen, Director, UKTI in New Delhi.

The MoU focuses on developing and encouraging business ties and technology exchange between Indian and UK semiconductor industries through ‘Global Value Chain Partnerships’. This significant agreement will mean that Indian and UK firms will be working together on agreed business opportunity areas, combining complementary know-how, technology, IP and other capabilities. This is also a concerted effort to jointly access, develop and deliver business solutions more effectively in this segment.

Jane Owen, Director, UK Trade and Investment, India said, “India and the UK play a significant part in the semiconductor industry but together I believe our two industries can do much more. UK is a world leader in innovation and India has a massive electronic manufacturing sector which drives the semiconductor industry. We look forward to a committed, fair and dependable partnership.”

Poornima Shenoy President said, “There is a tremendous synergy between chip design companies in the UK and India. An increasing high degree of complexity and innovation in chip design is taking place in both geographies. We are seeking the multiplier effect of companies that can focus on developing products for the domestic market.”

In continuation of this association, a business delegation of embedded software and chip design companies from India would be going to the UK in September to discuss business opportunities.

Notes to editor:

1. UKTI’s Global Value Chain (GVC) Programme for ICT in India in an initiative which matches leading Indian businesses with the best UK Technology firms to seize new business opportunities together. Registration in the programme is free of charge for qualifying Indian and UK technology companies, and provides various benefits including access to research, introductions to matched companies and invitations to industry events. For more information, please contact Mr. Sunish Jauhari at +91 80 2210 0200 or Sunish.Jauhari {at} fco.gov(.)uk

About India Semiconductor Association, ISA

ISA is the leading voice for the semiconductor-driven industry and has represented it since 2005. ISA has around 130 members from India and outside it and aims to establish India as the preferred global destination for semiconductor, systems and solar photovoltaic companies. This includes chip design and embedded software companies, solar fabs and the related ecosystem. A key factor that positions India as a favored destination for semiconductor and embedded design is a growing economy, engineering talent and a domestic market coupled with accessibility to other Asian markets. ISA has played a prominent role in working with the Government of India in the formation of the Indian Semiconductor Policy 2007. More information about ISA can be found at www.isaonline.org

UK Trade & Investment, UKTI

UK Trade & Investment is the UK Government’s international business development organisation, supporting businesses seeking to establish in the UK and helping UK companies grow internationally. The services offered by UK Trade & Investment bring together a network of business sector specialists and support teams across England and in British diplomatic posts in some 100 markets all around the world. UK Trade & Investment works with a wide range of partner organisations in the UK, including other Government departments, Regional Development Agencies and the Devolved Administrations, Business Links, Chambers of Commerce and trade associations. For more information, visit www.uktradeinvest.gov.uk or www.uktechnology.info