- Bangladesh and China sign MoU for semiconductor and tech collaboration.
- Hubei to aid Bangladesh in chip design, manufacturing, and training.
- BSIA targets $1 billion in semiconductor exports by 2030.
Bangladesh and China signed a memorandum of understanding (a series of MoU) to expand cooperation projects in semiconductors. semiconductor and optical technology and higher education. Through the Bangladesh Semiconductor Industry Association (BSIA) and the Hubei Semiconductor Industry Association in Dhaka, an agreement was signed to facilitate technical help in chip design and manufacturing.
Professor Wei Liu from Wuhan University, who is the vice president of Hubei's association, was hopeful and pointed out that none of this would have happened without the collaboration making it easier. He pointed out that Wuhan is recognized by China as the "Optical Valley", there are over sixty universities in Wuhan with over 1.3 million students, and that Bangladesh has significant human resources and advantageous for technology transfer, technology exchange, engineer transferrals, and academic partnerships.
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Hubei, a major Chinese semiconductor base, has over 500 association members and plans to look at joint ventures and training in Bangladesh. BSIA president MA Jabbar, who is also the managing director of DBL Group, said the MoU would be a milestone for technological and industrial development along with bilateral collaboration.
BSIA has set the target of raising Bangladesh’s semiconductor exports to $1 billion before 2030 and indicated a push for workforce training and support from policymakers. At this stage, Bangladesh is earning less than $10 million a year from semiconductor design services, while China, the world’s biggest chip market, was projected to earn $179.5 billion in 2023.'s an aim to accelerate Bangladesh’s entry to advanced semiconductor and optical technology while also establishing academic and research collaboration.