Semi-conductor

Taiwanese chipmaker TSMC sees nearly 40% jump in net profit on AI boom

Taiwan's leading computer chip maker TSMC said Thursday that its net profit surged nearly 40% in the last quarter, boosted by the surge in use of artificial intelligence. Taiwan Semiconductor Manufacturing Corp. is the world's biggest semiconductor manufacturer. It reported a net profit of a record 452.3 billion new Taiwan dollars ($15 billion) in the July-September quarter, higher than analysts' forecasts. The company earlier said its revenue jumped 30% year-on-year in the last quarter. TSMC has been building chip fabrication plants in the United States and Japan to help hedge against risks from China-US trade tensions. The chipmaker is a major supplier to companies such as Apple and Nvidia. Demand for TSMC's products is unyielding, Morningstar analysts wrote in a note this month. Given TSMC's dominance, we doubt the company would be hindered if it faced tariffs on shipments to US customers. We expect AI demand to stay resilient. US Commerce Secretary Howard Lutnick proposed last

India ready with incentives to build semiconductor chip ecosystem, says Rai

Invest India is collaborating MeitY, ISM to bring global semiconductor firms to create a full-fledged chip manufacturing ecosystem

Qualcomm to localise module output in India, support partners' mfg plans

US-based chip major Qualcomm is localising automotive module production in India and is supporting its top-tier ecosystem partners in their plan to move manufacturing into the country, a senior company official has said. Qualcomm Technologies, group general manager for automotive, industrial and embedded IoT, Nakul Duggal, told PTI that the company is investing heavily in India to support local automotive companies. "We build a lot of modules. Those modules are typically built in Taiwan, or China, or Korea, but we are now actively working in India to localise this. We, of course, partner with our Tier 1 ecosystem, such that as they move their manufacturing to India, we have been supporting them," he said. Duggal said that Qualcomm is a fabless company, which means it designs the chips but doesn't manufacture them. "For us, it's really about being able to create opportunities in our supply chain to be able to direct that (manufacture)," he said. Qualcomm has approximately 22,000 ..

Big Boost! Govt approves HCL-Foxconn semiconductor JV

The Union Cabinet on Wednesday approved a Rs 3,706 crore semiconductor plant at Jewar in Uttar Pradesh, to be set up by the HCL-Foxconn joint venture to manufacture

Intel names semiconductor industry veteran Lip-Bu Tan as next CEO

Tan will assume the role on March 18, the company said in a statement Wednesday. He will rejoin the board as well after stepping down in August 2024

Taiwan says TSMC's move to invest $100 bn in US not due to Trump's pressure

Taiwan's president and top chipmaker TSMC held a joint news conference Thursday to defend the company's decision to invest USD 100 billion in the US, saying it stemmed from customer demand and not pressure from the Trump administration. Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chipmaker, said earlier this week it would invest USD 100 billion in three more chip manufacturing plants, along with two packaging facilities in Arizona. The decision sparked concerns that Taiwan would gain little in return for moving some of its most advanced manufacturing processes to the US. Taiwan President Lai Ching-te denied that TSMC's investment decision was due to political pressure by the United States. US President Donald Trump had previously said that Taiwan had taken away the US chip business and that he wanted it back. "TSMC's decision is necessary for its future development. The government did not face pressure from the United States during TSMC's investment proce

TSMC Q4 profit jumps over 57% to record on strong demand for AI chips

World's largest contract chipmaker, whose customers include Apple and Nvidia, posted a net profit of T$374.68 billion ($11.4 billion) for the quarter ended Dec 31

TSMC fourth quarter net profit likely to jump 58% on strong AI chip demand

TSMC is set to report a net profit of T$377.95 billion ($11.41 billion) for the quarter ended Dec 31, according to a LSEG SmartEstimate drawn from 22 analysts

CES 2025: AMD brings new chips for AI PCs, gaming PCs and handheld consoles

Acer has already introduced new laptops, integrating AMD's Ryzen AI 300 series processors into its Nitro V and Swift Go series

Suchi Semicon starts plant without govt's incentive, plans to spend $100 mn

Gujarat-based Suchi Semicon has started production of semiconductors without the Centre's incentive and plans to invest USD 100 million in three years, a top official of the company said on Sunday. Suchi Group Chairman and Suchi Semicon founder Ashok Mehta said though the company has applied for the Centre's incentive under SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) and India Semiconductor Mission, it does not want to hold on to production for the sake of incentives. "We have a full proof business plan. Our business plan is not primarily for incentives. We have set up a plant to do business. The Centre's approval will come when we meet their requirements. We have made USD 100 million (about Rs 840 crore) investment plan over three years," Mehta said. He said that the state government has approved 20 per cent incentives for the plant. "At the time of Covid when there was shortage of semiconductors, Prime Minister Narendra Modi had asked

Foxconn subsidiary seeks $80 mn Vietnam investment for integrated circuits

Foxconn, formally known as Hon Hai Precision Industry, already has major operations in Vietnam

State govt will fill up 1.5 lakh vacant posts: Odisha Governor

Odisha Governor Raghubar Das on Monday said the state government will fill 1.5 lakh vacant government posts in a fair and transparent manner, with 65,000 positions set to be filled within the next two years. He made these remarks during the inaugural session of the newly formed 17th Odisha Legislative Assembly. In a bid to transform Odisha into a vibrant manufacturing hub, the state government will prioritise industries such as automobile, electric vehicles (EV), semiconductors, and IT/ITES under the Make in Odisha' initiative, he said, adding such a move will generate over 3.5 lakh jobs by 2029, thereby boosting economic growth and employment opportunities across the state. Das emphasised the government's commitment to enhancing skill development and apprenticeship opportunities for youth to equip them with essential experience and expertise. Highlighting the empowerment of SC and ST youths, Das underscored the government's efforts to foster entrepreneurial initiatives among these

Will work to fulfill semiconductor initiatives of PM Modi: Kumaraswamy

Lauding Prime Minister Narendra Modi's semiconductor-related initiatives, Union Heavy Industries and Steel Minister H D Kumaraswamy on Saturday said he will work towards fulfilling them through his ministry. His remark comes a day after he reportedly raised questions about the US-based semiconductor manufacturer potentially receiving Rs 3.2 crore subsidy for every job it creates in Gujarat. "Semiconductor is a strategic industry. It is a basic requirement for electronics and automobile manufacturing. Both these sectors generate lots of employment. I greatly appreciate the semiconductor-related initiatives taken by @PMOIndia and will work towards fulfilling them through my ministry," Kumaraswamy posted on 'X'. Later, addressing reporters here, the JD(S) leader stressed on the need for creating more jobs along with attracting investments to the country. "Why has our PM given me this big portfolio? Why he has confidence in me? It is a big responsibility that the PM has given me. My wo

Watch: Ashwini Vaishnaw's masterclass on India's semiconductor plans

In this video, IT Minister Ashwini Vaishnaw explains how India is working to create an all-inclusive semiconductor ecosystem in line with Prime Minister Narendra Modi's "Make-in-India" vision. Watch t

Govt aims to setup the Bharat Semiconductor Research Centre in 2024

The Minister affirmed that the Bharat Semiconductor Research Centre will become one of the leading semiconductor research institutes in the next four to five years across the world

US-based LAM Research plans to set up a semiconductor lab in Karnataka

LAM Research has been present in Karnataka since 2000

It's now or never for India to take lead in semiconductor sector: SEMI CEO

India has almost everything needed to have a successful semiconductor industry but it still needs to work to reestablish credibility, the head of the world's top advocacy group representing the semiconductor industry has said. From near-zero levels just a year and a half ago, India is now well on its way to having 100 semiconductor design startups by 2024. The Rs 76,000-crore incentive scheme for chip-making, the large talent pool and the skilling programme is playing to the country's strength and mark India's rise as a semiconductor nation. It's now or never (for India in the semiconductor industry), Ajit Manocha, president and CEO of Semiconductor Equipment and Materials International or SEMI told PTI in an interview. Because it takes years to come to the speed and this is a time to do it. Also if we don't do it now, I think we'll lose credibility forever, he said, adding that there might be a couple of announcements before the US visit of the prime minister which would put the ..

Semiconductor chips: Govt's aim to make India self-reliant may be premature

The government's aim to make India self-reliant in semiconductor chips may be premature

India, US must cooperate in climate change, semiconductors: Gautam Adani

The two countries must commit to 'free trade, openness, integration' of economies, says Adani Group chairman in award acceptance speech.

Automakers see robust domestic dispatches in May as demand remains strong

Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..