BANGALORE, INDIA: The India Semiconductor Association (ISA) and the East of England International, entered into a Memorandum of Understanding (MoU) to identify and foster business alliances within the semiconductor sector in the two countries.
According to the Mou, in the light of the mutual interest of the two trade bodies to promote and develop the semiconductor industries in their respective counties, ISA and East of England International have agreed to co-operate with each other in select areas such as chip design, embedded software and solar photovoltaics.
The MoU encourages ISA and East of England International to foster business relationships among members companies and to develop a mutually beneficial framework for exchange of industry reports, delegations and business visits.
Speaking at the signing of the MoU, Ms. Poornima Shenoy, President, India Semiconductor Association (ISA) said, “We see a tremendous potential for the growth of semiconductor led businesses in India and the United Kingdom and hope to leverage these prospects in the coming years.”
Sir Robin Young, Chairman, East of England International, added: “We already have a strong connection in semiconductors with ARM, an East of England grown company, located in Bangalore. Semiconductor R&D was effectively ‘born’ at the University of Cambridge with the discovery of the electron in 1897 right through to the development of the world’s first single-electron memory device.
“There are immediate opportunities for collaborations and we look forward to supporting partnerships between our two networks.”