The India Semiconductor Association (ISA), the only body representing the Indian semiconductor driven industry, today signed a Memorandum of Understanding (MoU) with Semiconductor Equipment and Materials International (SEMI), the global industry association representing the equipment and materials suppliers to the semiconductor, display and PV industries. The MoU was signed by Poornima Shenoy, President, India Semiconductor Association and Stanley Myers, President and CEO, SEMI today.

The agreement reinforces ISA and SEMI goals of supporting the semiconductor related ecosystem in India. The agreement also lays the groundwork for exchange of market information, and membership benefits between the respective associations.

Speaking at the occasion, Ms. Poornima Shenoy, President, ISA said, "India has the innate potential to become a strategic and world class manufacturing hub. SEMI also has an increasing focus on the solar photovoltaic space which is emerging as a sector of importance in India. Our organizations have come together to combine our mutual strengths to build upon it. "

"SEMI has a long history of promoting the global expansion of semiconductor manufacturing," said Stanley T. Myers, President and CEO of SEMI. "The potential industry development in India is of interest to our members, and this partnership will encourage and enable the membership of both associations to take advantage of combined resources and establish strong collaborative relationships."

Also present at the signing were Mr. S Janakiraman, Chairman, ISA and Mr. Paul Davis, Executive Vice President, SEMI.

This agreement is effective immediately.

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About SEMI

SEMI is the global industry association serving the manufacturing supply chains for the microelectronic, display and photovoltaic industries. SEMI member companies are the engine of the future, enabling smarter, faster and more economical products that improve our lives. Since 1970, SEMI has been committed to helping members grow more profitably, create new markets and meet common industry challenges. SEMI maintains offices in Austin, Beijing, Brussels, Hsinchu, Moscow, San Jose, Seoul, Shanghai, Singapore, Tokyo, and Washington, D.C. For more information, visit www.semi.org.

About India Semiconductor Association (ISA):

ISA is the trade body representing the Indian semiconductor driven industry. ISA has around 120 members from the semiconductor driven industry from India and outside. These include design companies, solar fabs, manufacturing companies, VLSI companies, EDA companies and others in the ecosystem like venture funds, academic institutions, legal and IP firms. ISA aims to establish India as the preferred global semiconductor destination. It is committed towards building global awareness for the Indian semiconductor driven industry and supporting its growth through focused activities. ISA works with global associations to promote India as the destination for semiconductors. ISA has played a prominent role in supporting the Government of India in the Semiconductor Policy. For more information, visit www.isaonline.org

Note: Photo caption: From Left to Right: Mr. Paul L.M. Davis, Executive Vice President, SEMI, Ms. Poornima Shenoy, President, ISA, Mr. Stanley Myers, President and CEO, SEMIand Mr. S Janakiraman, Chairman, ISA

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