Japan and India have signed an agreement for the joint development of semiconductors, in what appears to be another indication of how global businesses are reconfiguring post-pandemic supply chains as China loses its allure for foreign companies. India’s Ashwini Vaishnaw, minister for railways, communications, and electronics and information technology, and Japan’s minister of economy, trade and industry, Yasutoshi Nishimura, signed the deal Thursday in New Delhi. The memorandum covers “semiconductor design, manufacturing, equipment research, talent development and [will] bring resilience in the semiconductor supply chain,” Vaishnaw said. Nishimura said after his meeting with Vaishnaw that "India has excellent human resources" in fields such as semiconductor design. "By capitalizing on each other's strengths, we want to push forward with concrete projects as early as possible," Nishimura told a news conference, Kyodo…