President Biden and India's PM Modi Reiterated Support For Building Global Semiconductor Supply Chains
Portfolio Pulse from Benzinga Newsdesk
President Biden and India's PM Modi have reiterated their support for building global semiconductor supply chains, according to a joint statement cited by Reuters.
September 08, 2023 | 3:53 pm
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POSITIVE IMPACT
The support for building global semiconductor supply chains could potentially benefit Indian companies, which may impact the INDA ETF.
The joint statement by President Biden and PM Modi indicates a potential increase in partnerships and collaborations in the semiconductor industry. This could lead to growth opportunities for Indian companies involved in the semiconductor supply chain, which would likely have a positive impact on the INDA ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The joint statement could potentially impact US companies involved in the semiconductor supply chain, which may affect the SPY ETF.
The joint statement by President Biden and PM Modi indicates a potential increase in partnerships and collaborations in the semiconductor industry. This could lead to growth opportunities for US companies involved in the semiconductor supply chain, which would likely have a positive impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70