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Taiwan-based TSMC, the world's largest computer chip maker, plans to increase its capital spending by about 40% this year after it reported a 35% jump in its net profit for the latest quarter thanks to the boom in artificial intelligence, the company said Thursday. Taiwan Semiconductor Manufacturing Corp., a major supplier to companies including Nvidia and Apple, reported a net profit of 506 billion new Taiwan dollars ($16 billion) for the October-December quarter, a 35% surge from a year earlier, better than analysts' estimates. TSMC said Thursday that its revenue in the last quarter increased 21% from a year earlier to more than 1.046 trillion new Taiwan dollars ($33 billion). TSMC said it plans to boost its capital expenditure budget to $52 billion-$56 billion for 2026, up from about $40 billion last year. The company's shares have climbed more than 8% since the beginning of the year, reflecting its strong position in the AI-driven market. Other tech giants including Microsoft,
Union Home Minister Amit Shah on Thursday said India's entry into the semiconductor industry was "strong" though a bit late, but the country would soon be self-reliant in the sector and even start exporting. Speaking at the Abhyudaya Madhya Pradesh Growth Summit here, he praised the BJP government in the state for the registration of 4.57 lakh MSMEs (Micro, Small and Medium Enterprises) in just one year. Thanks to Madhya Pradesh's geographical location and its fertile land, one can earn crores of rupees by investing even a small amount, he said. "We have made a strong entry into the semiconductor industry, although a bit late. Very soon we will not only become self-reliant in the semiconductor sector, but also start exporting," he said. Shah inaugurated or performed groundbreaking ceremony for industrial projects worth Rs 2 lakh crore on this occasion to mark the 101st birth anniversary of former prime minister Atal Bihar Vajpayee. "Atal ji was a great orator, sensitive poet, a le
The government plans to invest Rs 4,500 crore to modernise state-owned chip company Semi-Conductor Laboratory (SCL) over the next three years, union minister Ashwini Vaishnaw said on Friday. Semi-Conductor Laboratory (SCL), an autonomous body under the Ministry of Electronics and Information Technology (MeitY), is the only integrated device manufacturing facility in the country providing end-to-end solutions for the development of Application Specific Integrated Circuits (ASICs), opto-electronics devices, and Micro Electro Mechanical System (MEMS) devices. The minister said that the centre has requested the Punjab government for a 25-acre parcel of land to support the expansion. "SCL will be modernised with an investment of Rs 4,500 crore over a period of the next three years," Vaishnaw said at the device handling ceremony here. He said SCL will play a significant role in realising the vision of Prime Minister Narendra Modi for semiconductors and assured that there is no question o
Semiconductor material and electronic components maker AEIM plans to invest Rs 10,000 crore in its Raipur-based facility by 2030, the company said on Monday. The company, in a regulatory filing, said it has been allotted 11.28 acre of prime industrial land by Nava Raipur Atal Nagar Vikas Pradhikaran (NRDA) in Kosala Industrial Park, Nava Raipur, Chhattisgarh, for setting up its semiconductor materials manufacturing facility. "The construction of the state-of-the-art facility will commence with immediate effect. The company is utilising advanced post-tensioned slab technology to expedite the construction process, targeting completion of the first phase by May 2026," the filing said. Chennai-based Artificial Electronics Intelligent Materials Limited (AEIML), in a statement on the development, said the investment in Chattisgarh is supported by the state's industrial policy, which has a provision for a capital subsidy of up to 40 per cent. "This state-of-the-art facility will establish
The Dutch government said it's relinquishing control of Chinese-owned chipmaker Nexperia, easing a standoff between China and the Netherlands that threatened supplies of semiconductors vital for global auto manufacturing. Economics Affairs Minister Vincent Karremans said Wednesday that he was suspending an earlier order to take control of Nexperia under a rarely invoked law. The Dutch government cited national security concerns and serious governance shortcomings when it took effective control of Nexperia, which is headquartered in the city of Nijmegen but owned by China's Wingtech Technology. Officials said they were trying to prevent the loss of crucial tech know-how that could threaten Europe's economic security. Nexperia chips are widely used by carmakers in North America, Japan and South Korea. Automakers warned in recent weeks that they were running low on the chips, and Honda was forced to shut down a factory in Mexico producing its popular HR-V crossover for North American