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Semiconductor engineering services firm Tessolve, a Hero Electronix venture, is in active talks to acquire two more companies -- one based in the US and another in India -- as it targets annual revenue of over USD 500 million (about Rs 4,700 crore) within the next three to four years, its Co-Founder and Chief Executive Officer Srini Chinamilli said. "We are in active talks with some companies we have not yet announced... We are talking to one company in the US, and there is one local (Indian) company as well," Chinamilli told PTI in an interview, without naming the companies involved. One of the deals is expected to close in the next couple of months, while the other is likely to be completed by the end of the current fiscal year, he said. Most of Tessolve's acquisitions are aimed at adding capabilities or geographic presence the company does not already have, rather than purely boosting revenue, Chinamilli said. Its most recent acquisition, Germany-based chip design firm Dream Chip
Semicon India 2026 attracted huge participation from global semiconductor players looking to collaborate and expand their presence in India by leveraging skilled local talent and supportive central and state government policies. Lithographic equipment major ASML, which has a presence only in semiconductor-producing nations, has set up an office in India and expressed optimism that more of its customers are expected to enter India. ASML Chief Strategic Sourcing and Procurement Officer Allan Wayne said Tata Electronics is the first customer in India to have a 300-millimetre semiconductor fab with production capacity of 50,000 wafers per month. "If we're going to be scaling this up, we need to be able to build many fabs here. This is why we are very confident in what we see here now with the policies coming from Prime Minister Narendra Modi and his team for the ecosystem and, of course, the great talent that we see in India," he said. According to industry experts, no chip in the worl
India's growing semiconductor heft could be seen as a "threat" by established interests in the global chip value chain, and the industry must guard against cyberattacks and other disruptions from those opposed to the country's rise, Minister for Electronics and IT, Ashwini Vaishnaw, has said. In an interview to PTI, Vaishnaw said he has cautioned the industry in clear terms to keep a constant vigil as India is now emerging as a country that has the capability to design and manufacture chips, a position that will "obviously" be seen as a threat by many other established interests. "We have to continuously be watchful of the potential geopolitical risks which will arise because India is now emerging as a country which can design and manufacture chips. Obviously that will be seen as a threat by many other established players," he said. As many countries look to India as a trusted partner and develop and manufacture their products here, the Minister said India cannot afford to take its
Semicon India 2026 attracted huge participation from global chip industry companies looking to collaborate and expand their presence in India by leveraging skilled local talent and supportive central and state government policies. Lithographic equipment major ASML, which has a presence only in semiconductor-producing nations, has set up an office in India and expressed optimism that more of its customers are expected to enter India. ASML Chief Strategic Sourcing and Procurement Officer Allan Wayne said Tata Electronics is the first customer in India to have a 300-millimetre semiconductor fab with production capacity of 50,000 wafers per month. "If we're going to be scaling this up, we need to be able to build many fabs here. This is why we are very confident in what we see here now with the policies coming from Prime Minister Narendra Modi and his team for the ecosystem and, of course, the great talent that we see in India," he said. According to industry experts, no chip in the wo
India is witnessing a "once-in-a-generation demand window" in the semiconductor market and must transition from "Engineered in India" to "Invent in India" by taking ownership of complete systems and products, Infosys Senior Vice President Vikram Meghal said on Friday. Speaking at SEMICON India 2026, Meghal said the traditional semiconductor pipeline is breaking amid massive shifts driven by artificial intelligence (AI), geopolitical supply chain challenges, and a transition from Moore's Law towards system-level scaling. "AI data centre spend is projected to reach USD 6.7 trillion in the next few years, and 50 per cent of that spend is going to be compute, memory, and networking chips," Meghal said, adding that the industry is seeing a shift where the workload is now driving how chips are designed, rather than the chip driving the workload. He identified three major demand fronts for the country: Made for India, Engineered in India, and Invent in India. Under "Made for India", Megha
India's semiconductor journey looks "strong", with policy stability under Semicon 2.0 providing important continuity in the roadmap for the industry, Tata Electronics' CEO and Managing Director Randhir Thakur has said. As India races to secure a foothold in the high-stakes global semiconductor industry, Tata Electronics - a key player - is building India's first commercial semiconductor fab in Dholera, Gujarat, and the first indigenous semiconductor assembly and testing facility in Jagiroad, Assam, with a combined investment of USD 14 billion, to serve global customers across critical sectors. "In our business, it is about continuity, and semiconductor is a roadmap-based journey. It is really very encouraging to see that after Semiconductor 1.0 scheme, the government has come up with Semiconductor 2.0...so that continuity, that roadmap is very important. We believe that in this business, as we generate the cash flow, we will always be investing and continue on this," Thakur told PTI
The government will target at least 200 startups and companies designing chips in India under the next phase of the country's semiconductor mission, Semicon 2.0, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Thursday. Addressing the inaugural session of SEMICON India 2026, Vaishnaw noted chip design would be the first of six pillars of Semicon 2.0, with the government scaling up ambitions after the previous phase of the mission saw more than 105 startups attempted chip design, of which about 20 secured venture capital funding worth around Rs 800 crore. "That was just the beginning. This time our ambition is much bigger. We would be targeting at least 200 startups and companies which design chips in India across the spectrum of semiconductor requirements," he said. The minister said the country had built the foundational base for a domestic semiconductor industry over the past few years through Semicon 1.0, a calibrated programme focused on ...
Prime Minister Narendra Modi on Thursday pitched India as a trusted destination for global chip manufacturing and said the government is taking all measures to ensure the industry's success through enabling policies and frameworks. Speaking at the inauguration of the SEMICON India 2026, the PM said that the semiconductor ecosystem is expanding rapidly, opening new opportunities for innovation, investment and growth. The world needs new and trusted locations for chip manufacturing, and India is preparing itself for this, he said. India is taking all measures to become a preferred destination for semiconductor manufacturing, he further said. So far, 12 chip-making projects have been approved, and the next phase will see the numbers increase further, the PM noted. India Semiconductor Mission 2.0 expanded outlay to USD 13.5 billion from USD 8 billion in the first phase, he said, adding, "Be it policies, regulatory framework...whatever is needed for you (manufacturers) to succeed, ...