India-US semiconductor fab project

India and the US have agreed to set up a semiconductor fabrication plant to make chips that will be used in national security, next-generation telecommunications and green energy applications. The project will be enabled by support from Bharat Semi, 3rdiTech and the US Space Force. The fab titled “Shakti” (Power) would be the first technological partnership between Indian businesses and the US Space Force and also in the Quad, a 4-country strategic security partnership including Japan and Australia.