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View all search resultsUS eyes role in building RI’s chip industry, senior minister says
In 2023, Indonesia began drafting a road map to develop the silica industry as a starting point for building a domestic semiconductor industry.
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Key to the future: Semiconductor chips are seen in production on Dec. 25, 2024, at a factory in Binzhou, in eastern China's Shandong province. (AFP/-)
T
he United States is keen to take part in the development of Indonesia’s semiconductor industry following the recent reciprocal tariff trade agreement between the two countries, Coordinating Economy Minister Airlangga Hartarto said.
“To continue industrial downstreaming, with the signing of the trade agreement, the US has begun to show interest in developing Indonesia’s semiconductor industry. We are currently preparing the ecosystem,” Airlangga told a press conference on Friday.
President Prabowo Subianto struck a trade pact with US President Donald Trump following a phone negotiation, resulting in a reduction of US-imposed tariffs on Indonesian exports from 32 percent to 19 percent.
Jakarta has committed to purchasing US$34 billion worth of US goods and to easing non-tariff barriers, including local content requirements for US firms, according to a joint statement on the “framework” for the prospective agreement published on the White House website on July 22.
Despite the trade deal, the senior minister emphasized that Indonesia would seek ways to reduce reliance on the US market, one of the country’s largest export destinations.
Indonesia plans strategic moves to expand its export reach into non-traditional markets, such as Africa and the Middle East, he added.
Read also: Govt eyes 10% investment growth, chipmaking to achieve GDP target
