📊Executive Summary

US Ambassador to India, Sergio Gor, emphasized the importance of enhancing collaboration between the US and India in the fields of artificial intelligence and semiconductors during a keynote address at The Citi India Conference 2026. This initiative aims to strengthen technology supply chains and reduce dependencies between the two nations. The ongoing trade negotiations are focused on finalizing a bilateral trade agreement, with a significant emphasis on technology products, including semiconductors. The India Semiconductor Mission aims to bolster domestic semiconductor capacity, drawing participation from global tech firms. This collaboration is crucial for procurement teams as it signals potential shifts in sourcing strategies and supply chain dynamics....