NEW DELHI: The United States and India will sign a memorandum of understanding on semiconductors as both countries discuss coordination of investment and continue dialogue around policies to spur private investment, US Commerce Secretary Gina Raimondo said on Thursday.

Raimondo, who is on a four-day trip to India, is accompanied by the chief executive officers of 10 US companies and is scheduled to meet India’s trade minister on Friday.

The two nations will map the semiconductor supply chain together and identify opportunities for joint ventures and technology partnerships, Raimondo added.