Page 15 - Semiconductor Industry

100% of our chip capacity is tied up with global firms: Kaynes SemiCon CEO

We also have agreements with technology providers who have committed to sourcing their chip requirements from India, Panicker said

Donald Trump wrong in saying island took US chip industry: Taiwan

Trump rattled Taiwan officials and the island's markets with comments published July 16 that criticized the island over its chip sector and pushed Taiwan to pay the US for protection

Cabinet approves Kaynes chip assembly, packaging unit worth Rs 3,307 crore

The unit will have the capacity to produce 6.3 million chips per day

Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand

The government on Monday approved a proposal of Kaynes to set up a semiconductor unit in Sanand, Gujarat with 6.3 million chips per day capacity, entailing an investment of Rs 3,307 crore. Announcing the decisions of the Union Cabinet, IT Minister Ashwini Vaishnaw noted that a complete semiconductor ecosystem is coming up in India. "Today, the Cabinet has approved Kaynes' plant, with a capacity of 6.3 million chips per day. The plant will come up in 46 acres, it is a big plant and large portion of the production will go for Kaynes Industries, it has already been booked," the minister said. The plant will also cater to chips related to the power sector. The company has already acquired land in Sanand, Gujarat for the project, and construction will start soon. The proposed investment for the unit is about Rs 3,307 crore. "Power related chips..chips used in automobiles and home appliances, will also be produced in this plant," Vaishnaw said.

Sub-10 nm chips likely to steer 60% of India's semicon market by 2032

Conventional chips to drive $40 billion market for Tata and others: Report

L&T Semiconductor, C-DAC sign pact to jointly work on indigenous chip tech

L&T Semiconductor Technologies has signed a memorandum of understanding with government-backed Centre for Development of Advanced Computing for jointly working to develop local chip technology and the ecosystem around it, according to a statement on Wednesday. The MoU will focus on a comprehensive framework for collaborative research, development, and training initiatives, with an emphasis on the creation of Make-in-India Integrated Circuit (IC), System-on-Chip (SoC) and Electronics System Design & Manufacturing (ESDM) solutions for automotive, industrial, and energy applications, the semiconductor company said. "The signing of this MoU between L&T Semiconductor Technologies and C-DAC indicates the government's commitment to fostering public-private partnerships that drive innovation and economic growth," Ministry of Electronics and IT, Group Coordinator, Sunit Verma, was quoted as saying in the statement. This collaboration not only underscores the importance of ...

Nvidia sales likely to double in Q2, even a slight miss may hurt shares

A beat or a miss on Wall Street expectations could either stoke or shatter an AI rally on Thursday, a day after Nvidia reports earnings for the May-July period

EU approves $5.5 bn German aid under Chips Act for ESMC Dresden plant

ESMC is a joint venture led by TSMC, the world's largest contract chipmaker, with European chipmakers Bosch, Infineon and NXP each taking a 10 per cent stake

PM Modi urges youth to lead in semiconductors, gaming industry growth

Prime Minister Narendra Modi said that India is currently training a skilled workforce of 85,000 professionals in semiconductor chip design across 113 academic institutions

India's first indigenous semiconductor chip will be made in Gujarat: CM

Gujarat Chief Minister Bhupendra Patel on Thursday said India's first indigenously developed semiconductor chip will be manufactured in the state, which has so far attracted an investment of Rs 1 lakh crore in electronics and chip manufacturing sectors. He was addressing a gathering in Nadiad town of Kheda district in the state after hoisting the national flag on the occasion of Independence Day. "The 10th edition of the Vibrant Gujarat Global Summit held earlier this year was instrumental in attracting new investment in emerging sectors like AI and semiconductor," he said. "We have so far attracted an investment of Rs 1 lakh crore in the electronics and semiconductor sector and India's first semiconductor chip will be manufactured in Gujarat," he said. On the occasion, he announced a significant increase in the monthly income limit set earlier by the state government for people wanting free ration under the Centre's Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). At present, a

10 things global fund managers are saying about equity markets; check here

A total of 220 panelists with $590 billion worth of assets under management (AUM)) participated in a survey conducted by BofA Securities between August 2 and August 8

L&T Semiconductor to sign contracts with 6 automobile companies by Sept

BENGALURU (Reuters) - India's L&T Semiconductor Technologies will sign contracts with six automobile companies by the end of September, making them its first clients, the company's chief executive said on Tuesday.

How a sleepy Czech town is helping Europe compete in the global chip war

Roznov was best known for its rum-drizzled sweet pies and open-air museum showing off historical wooden houses, then US chipmaker ON Semiconductor picked it for a new $2 bn manufacturing hub in June

Tata's Assam plant to make 48.3 mn chips per day with native tech: Vaishnaw

Tata Group's semiconductor plant in Assam will produce 4.83 crore chips per day using indigenously-developed technologies, Union minister Ashwini Vaishnaw said on Saturday. Assam Chief Minister Himanta Biswa Sarma and Chairman of Tata Sons Limited N Chandrasekaran on Saturday performed the Bhumi pujan of the Rs 27,000-crore semiconductor assembly and test facility at Jagiroad in Morigaon district. The project was approved by the Union Cabinet chaired by Prime Minister Narendra Modi on February 29, 2024. "The construction of the plant has started in short span of five months after the project was approved. It will manufacture about 4.83 crore chips per day. The unique thing about this plant is that all the three major technologies which will be deployed in this plant are developed in India," Vaishnaw said. The minister said that the chips manufactured at the Tata plant will be used in vehicles including electric vehicles, and practically every large company will be using their ...

Tata's Rs 27,000 cr chip plant in Assam operational by 2025: Chandrasekaran

Tata Electronics' Rs 27,000-crore chip assembly plant in Assam will create 27,000 jobs and is expected to become operational in 2025, Tata Sons Chairman N Chandrasekaran said on Saturday. Speaking on the occasion of chip plant's Bhumi Pujan ceremony, Chandrasekaran said that the company has already employed 1,000 people from Assam and as the facility expands it will bring entire semiconductor ecosystem companies. "At its capacity it will employ 27,000 people, 15,000 direct jobs and additional 12,000 indirect jobs. We want to move fast. We are trying to accelerate the building of this factory. We hope sometime in 2025 we will be able to complete this facility and quickly start operations," Chandrasekaran said. Already we have 1,000 people who have been employed from Assam. He said the other semiconductor ecosystem companies will start as supplier but gradually they will set up units in the country. The ceremony was attended by Assam Chief Minister Himanta Biswa Sarma who said it wa

Assam CM lauds PM, Tata Sons for Rs 27,000 cr semiconductor plant

Assam Chief Minister Himanta Biswa Sarma on Saturday asserted that it was a 'golden day' for the people of Assam as Bhumi pujan was performed for the Rs 27,000 crore semiconductor assembly and test facility at Jagiroad in Morigaon district. Sarma thanked Prime Minister Narendra Modi and Tata Sons Limited for taking the initiative to set up the semiconductor assembly and test facility at Jagiroad. The chief minister assured the Chairman of Tata Sons Limited N Chandrasekaran that the company will face no difficulty in setting up this industry and the people of Assam will always be grateful for this facility. 'The setting up of this facility will herald industrial development in the state leading to employment opportunities for the youth', Sarna said after participating in the Bhumi pujan of the facility here. He said that it was due to the initiative of Prime Minister, Union Finance Minister Nirmala Sitharaman and Electronics Minister Ashwini Vaishnaw that this facility became ...

Assam CM Sarma to perform Bhumi Pujan of semiconductor plant at Jagiroad

The Bhumi pujan of the Rs 27,000 crore semiconductor assembly and test facility in Assam's Morigaon district will be performed by Chief Minister Himanta Biswa Sarma on Saturday in the presence of Tata Sons Chairman N Chandrasekaran. The Tata semiconductor assembly and test facility will be India's first semiconductor assembly and test facility. 'Look forward to be in Jagiroad shortly and initialise work on the semiconductor facility by performing the Bhumi Pujan of the plant", Sarma posted on X. The Chief Minister's Office (CMO) in another post on X said, "Today is a historic day for Assam as HCM Dr@himantabiswa will perform the Bhumi Pujan of the Tata Semiconductor Assembly and test facility at Jagiroad'. 'Once operational, it will transform the industrial landscape of Assam and herald a new era of growth', the CMO said. Prime Minister Narendra Modi had virtually laid the foundation stone of the facility on March 13 this year. The greenfield project of Tata Electronics at Jagiro

Samsung chips boss Young-hyun warns of vicious cycle unless changes made

The executive's communique reflects frustration over Samsung's missteps in the hot new market of supplying memory chips for Nvidia Corp

TSMC set to report a strong profit but Trump's comments pummel its stock

While TSMC's stock - and the broader Taiwan market - has reached record highs, it began slumping after Trump's comment that "Taiwan took 100% of our chip business"

Asian chip stocks tumble on fear of US mulling tighter curbs on tech export

Among the worst hit were shares of Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which has shed roughly $61.35 billion in market value over two days