PM Modi and Singapore’s Lawrence Wong Explore Semiconductor Synergies at AEM Holdings Facility

**Singapore, September 5, 2024 (ANI):** Prime Minister Narendra Modi, along with Singaporean Prime Minister Lawrence Wong, visited the AEM Holdings Ltd semiconductor facility in Singapore on Thursday as part of efforts to strengthen collaboration between the two countries in semiconductor manufacturing. This high-profile visit marks a significant step towards enhancing trade and technology ties between India and Singapore.PM Lawrence Wong welcomed PM Modi to the facility, where the two leaders interacted with officials and discussed potential synergies in the growing semiconductor industry. The officials at AEM Holdings were also seen taking pictures with PM Modi during the tour.The visit underscores the importance of Singapore’s well-established semiconductor industry, especially as India seeks to expand its role in global semiconductor production. The collaboration between India and Singapore offers numerous opportunities, particularly in talent development, knowledge sharing, and expanding Singapore’s semiconductor value chain to India.As part of the strategic discussions, both countries are exploring ways to leverage each other’s strengths—Singapore’s expertise in semiconductor design, assembly, and fabrication, and India’s availability of land and skilled labor. Singaporean companies in the semiconductor sector are encouraged to consider expanding operations into India, which could bolster both nations’ roles in the global semiconductor supply chain.In addition to semiconductor cooperation, PM Modi and PM Wong held discussions earlier in the day, focusing on enhancing collaboration in areas such as skilling, healthcare, artificial intelligence, and more. The two leaders also witnessed the exchange of four Memoranda of Understanding (MoUs), which include agreements on digital technologies, healthcare, education, skills development, and a partnership in the semiconductor sector.PM Modi highlighted the fruitful discussions in a post on X, stating, “Our talks focused on boosting cooperation in areas like skilling, technology, healthcare, AI, and more. We both agreed on the need to boost trade relations.”The MoUs were exchanged at Singapore’s Parliament House in the presence of External Affairs Minister S. Jaishankar and Singapore’s Minister of Foreign Affairs Vivian Balakrishnan.PM Modi’s visit to Singapore comes after his official trip to Brunei, where he held wide-ranging talks with Sultan Haji Hassanal Bolkiah. The visit to Singapore is seen as a significant step in reinforcing India’s growing technological and trade partnerships with key nations in the region.