ISA signs MoU with ASTSA

Aimed at fostering business relationships between companies in thesector across the two geographies

The India Semiconductor Association (ISA), the trade body representing the Indian semiconductor driven industry today signed a Memorandum of Understanding (MoU) with the Asia Semiconductor Trading Support Association (ASTSA).  The MoU was signed by Ms. Poornima Shenoy, President, India Semiconductor Association and Mr. Hajime Tomokage, President, Asia Semiconductor Trading Support Association (ASTSA) in Japan today.

The MoU focuses on developing business ties and exchanges between companies in the semiconductor design sector in India and in Japan.

“The Indian economy will still register a growth this year in spite of a global slowdown; the semiconductor business in India is also expected to grow. This relationship will facilitate the growth of Indian companies with the embedded software belt in Japan. ASTSA and ISA have agreed to sign the MOU first time between Indian and Japanese semiconductor associations,” said Mr. Hajime Tomokage, President, Asia Semiconductor Trading Support Association.

 “Our key objective through this MoU is to foster business relationships among our member companies. We look forward to a number of fruitful partnerships emerging as a result of this MoU,” said Mrs. Poornima Shenoy, President, India Semiconductor Association. “Our two associations may represent each other on various issues to promote the interest of the semiconductor industries in our countries with prior consultation and agreement to such representation,” she added.

This project is supported by Japan External Trade Organization (JETRO) and Fukuoka City Government in the framework of JETRO’s Regional Industry Tie-Up Program (RIT).

About India Semiconductor Association (ISA)
ISA is the trade body representing the Indian semiconductor driven industry. ISA has around 130 members from the semiconductor driven industry from India and outside it as also its ecosystem. These include design companies, solar fabs, manufacturing companies and others in the ecosystem like venture funds, legal and IP firms.  ISA is committed towards building global awareness for the Indian semiconductor driven industry and supporting its growth through focused activities. ISA has played a prominent role in supporting the Government of India in the Semiconductor Policy. This landmark decision will foster the development of the sector with major impact on the economy.