Page 21 - Semiconductor Industry

We will see 2-3 more fab plants get approved soon: Ashwini Vaishnaw

In 2021, the Union Cabinet had approved the semicon India programme with a financial outlay of Rs 76,000 crore for the development of a semiconductor and display ecosystem

Wipro announces collab with Intel Foundry for chip design innovation

The collaboration comes amid rising demand for artificial intelligence chip manufacturing, Wipro said

Tata Group in talks with two Taiwanese companies for chip plant in Dholera

Tata Group has also reportedly finalised the details of the land and will break ground soon

Two multi-billion dollar semiconductor plants to come up in India: MoS IT

Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a USD 8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. "I am happy to share this with you and you are probably the first one I'm sharing this with. In the near term, two full-blown fabs are going to come up in India. These are going to be multi-billion-dollar fabs in the 65, 40 and 28-nanometer technology and there are going to be a host of other packaging proposals that we are evaluating," Chandrasekhar said. He was responding to a question on USD 8 billion investment proposal submitted by Tower Semiconductors and the status of India's semiconductor roadmap. The minister said that the project will be approved in the thi

Highlights of the day: Investments are inclined towards India, says FM

From Bihar govt launching a probe into Tejashwi Yadav's dept to Intel discussing financial support with US govt, catch all the latest updates from around the world

Sam Altman seeks US govt nod for AI chip manufacturing venture: Report

OpenAI did not respond to a request for comment, while the Department of Commerce declined to comment on "individual conversations"

Rs 25K cr semiconductor packaging plant in Assam soon: Rajeev Chandrasekhar

In December last year, Chief Minister of Assam Himanta Biswa Sarma had revealed Tata group's investment plans for a semiconductor facility in the state

Masayoshi Son adds $4 billion to personal net worth on Arm's 192% rally

The pace of increase in his wealth puts the Japanese billionaire in the top 30 gainers among the world's 500 richest people tracked by the Bloomberg Billionaires Index

A fresh twist: Next Orbit, ISMC give Tower Semiconductor legal ultimatum

The communication was sent on January 24, but late last week there were reports that Tower had applied to the Indian government to set up a fab plant that will make chips of 40-65 nanometres

Israel's Tower Semiconductor proposes $8 bn chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said

CG Power announces JV in semiconductors manufacturing with 2 foreign firms

JV investments will be completed only after satisfactory completion of the conditions in the agreement, and getting necessary approvals from the relevant government agencies

Foxconn invites bids for construction of chip assembly plant in India

Taiwanese electronics major Foxconn has invited bids for construction of a chip assembly and testing plant in India. The plant is proposed to be set up in partnership with HCL Group, according to a regulatory filing. The company has earmarked Rs 1,200 crore as an initial investment for the project. In the filing, Foxconn said it is making an announcement on behalf of subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant on owned land. Last month, Foxconn Hon Hai Technology India Mega Development Pvt Ltd had allocated USD 37.2 million or about Rs 308 crore for setting up the joint venture.

OpenAI's Altman in talks to raise funds for chips, AI initiative: Report

The amounts Altman has discussed are outlandishly large by the standards of corporate fundraising, the report added. Investors have valued OpenAI at more than $80 billion

Chipmakers warn of subdued demand from industrial, wireless tech segments

A slowdown in industrial production was also apparent at competitors STMicroelectronics NV and Texas instruments Inc., which both gave disappointing forecasts last month

Global chip sales forecast to jump 13% after rocky 2023: Industry group

The Semiconductor Industry Association (SIA) forecast a 13.1% jump in global chip sales to $595.3 billion, compared with a drop of about 8% in sales in 2023

Electronics manufacturing, research get Rs 15,500 cr budget allocation

The government has allocated Rs 15,500 crore for various electronics manufacturing programmes, including semiconductor mission and mobile and IT hardware PLI scheme for FY25. It has proposed Rs 4,203 crore incentives for assembly, test, and packaging plants that can benefit projects like the ones set up by Micron in Gujarat, the proposed plant by Foxconn and HCL joint venture, Tata Group etc. The proposed outlay covers projects for setting up compound semiconductor and sensor plants. The scheme for setting up a semiconductor fab or electronic chip plant in India has been allocated Rs 1,500 crore, Mohali-based semiconductor laboratory Rs 900 crore, design linked incentive scheme Rs 200 crore. In total, various schemes under semiconductor projects will get Rs 6,903 crore allocation. Besides this, the government has proposed enhancing allocation for mobile production linked incentive (PLI) scheme to Rs 6,125 crore in 2024-25 from Rs 4,489 crore in 2023-24. Companies like Dixon, Foxc

Tata, Israel's Tower Semiconductor among bidders for SCL Mohali revamp: Rpt

To enable SCL to manufacture modern chips, starting with 40 and 65 nm chips, the IT ministry had earmarked $1 billion for its modernisation

Qualcomm Q2 profit forecast beats estimates amid AI push, shares gyrate

For Qualcomm, "5 per cent revenue growth and 24 per cent earnings growth is very constructive in a skeptical earnings season environment," said Thomas J. Hayes of Great Hill Capital

Kore.ai, startup building conversational AI, secures $150 mn in funding

The investment was led by FTV Capital and had participation from chip giant Nvidia

US to announce billions in subsidies for advanced chips, says report

Among the likely recipients of the subsidies, Intel has projects underway in Arizona, Ohio, New Mexico, and Oregon that will cost more than $43.5 billion, the paper said