After meeting PM Modi, the CEO of Applied Materials said, "I think it's India's time to shine."

Dickerson, President and CEO of Applied Materials, said that he thought it was time for India to grow and shine.

When PM Modi arrived in Washington, DC, on Wednesday, he met with Micron Technology's President and CEO, Sanjay Mehrotra.

India and the US recently signed a Memorandum of Understanding (MoU) on setting up the Semiconductor Supply chain at the India-USA 5th Commercial Dialogue 2023. This can help India reach its long-held goal of becoming a hub for electronic goods.

With the US's CHIPS and Science Act and India's Semiconductor Mission in mind, the MoU aims to set up a way for the two governments to work together on making the semiconductor supply chain more stable and diverse.

Both the US and China are very big when it comes to making chips. So, this deal between India and the US to work together more in the semiconductor industry to create business opportunities and foster the growth of innovation ecosystems is likely to help India a lot.

He also met Chairman and CEO of General Electric and CEO of General Electric Aerospace, H. Lawrence Culp Jr.

GE Aerospace has big plans for its operations in India. The company wants to keep being the top engine supplier as India's airlines place record orders for hundreds of planes and air travel in the subcontinent goes through the roof after Covid.

PM Modi will go to the state dinner that US President Joe Biden and First Lady Jill Biden will host on Thursday. On June 22, he will also speak to the UN Congress of Representatives.