Bangalore, Sep 3 (UNI) The India Semiconductor Association (ISA), the trade body representing Indian Semiconductor driven industry today signed a Memorandum of Understanding (MoU) with Taiwan Semiconductor Industry Association (TSIA) to develop business ties and exchanges of semiconductor companies in two countries.

The MoU was signed by S Janakiraman, Chairman, ISA and Frank C Huang, Chairman, TSIA in Taiwan.

Speaking on the occasion, Mr Janakiraman said the two organistions would cooperate in activities, including foreign partnerships and promoting semiconductor sector in international exhibitions and seminars.

Dr Huang said ''We see immense potential for successful partnerships between our member companies. Both countries have inherent strengths in this field and industry can definitely forge a winning partnership''.

ISA President Poornima Senoy said the key objective of the MoU was to foster business relationship among member companies. ''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'' Ms Poornima added.

UNI