Page 22 - Semiconductor Industry

Apple to open iPhone to alternative app stores, lower fees in Europe

Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise. The announcement on Thursday comes as it moves to comply with upcoming European regulations aimed at giving consumers the choice to use alternative app stores. The overhaul, scheduled to take effect in early March, will include concessions that Apple had previously refused to make in its app store, including lowering the fees that it collects from developers in Europe. Most notably, Apple for the first time will allow iPhone users in Europe to switch to use app stores other than the company-operated one that comes installed on the mobile device. It will also enable enable developers to offer alternative payment systems that could help them make more money while potentially lowering their prices. But Apple says it believes opening up the iPhone to outsiders will also increase the chances that consumers venturing outside its proprietary system will

Technology giant Foxconn's CEO Young Liu honoured with Padma Bhushan

The Chief Executive Officer and Chairman of Taiwanese technology giant Hon Hai Technology Group (Foxconn), Young Liu, was honoured with the Padma Bhushan on Thursday

Want to be significant player in global semicon value chain: Chandrasekhar

The semiconductor market in India is expected to grow to $100 billion by 2030 from the current value of about $40 billion, according to the India Electronics & Semiconductor Association (IESA)

IESA launches new report on semiconductor and ESDM policies in India

IESA's latest report compares and contrasts the various policies and incentives offered by different states, and provides insights and recommendations for the stakeholders

Uttar Pradesh government plans to cash in on semiconductor PLI scheme

With domestic semiconductor demand projected to jump 10 times to $100 billion by 2025 from $10 billion in 2020, the state is aiming to emerge as a leading player in the segment

US-China tech rivalry keeps South Korean chipmakers in costly limbo

While China is still by far South Korea's biggest trading partner, monthly exports to the US surpassed those to China for the first time in more than two decades

China buys near-record $40 bn of chip making gear to beat US curbs

Even before those curbs came into effect, Dutch company ASML Holding NV had canceled shipments of some of its top-of-the-line machines to China at the request of the US government

Govt evaluating 9 proposals on semiconductor manufacturing: MoS IT

The Centre provides financial assistance to semiconductor manufacturers under its $10-billion incentive scheme, announced in 2021

First made-in-India chip to be out by December, says IT minister Vaishnaw

The first made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. "They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success," he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on ...

Foxconn, HCL announce semiconductor JV in India with $37.2 mn investment

Foxconn Technology Group and HCL Group will establish a semiconductor outsourced assembly and testing (OSAT) unit in India, with Foxconn investing $37.2 million for a 40% equity stake

India's semiconductor mission focused on designing entire chip: Vaishnaw

He said India is looking to develop the complete ecosystem of semiconductors, including design capabilities and manufacturing software and hardware part of it

Chinese govt bought Nvidia semiconductors chips despite US ban: Report

Neither Nvidia nor retailers approved by the company were among the suppliers, according to Reuters

China chip imports suffer steepest decline on record after US restrictions

The value of integrated circuits imported by the world's largest semiconductor market fell 15.4% to $349.4 billion

Micron Technology CEO Sanjay Mehrotra meets T'gana CM Revanth Reddy

The president and CEO of Micron Technology Sanjay Mehrotra paid a courtesy call on Telangana Chief Minister A Revanth Reddy here on Thursday and discussed about investment prospects in the state. The CEO of Micron, a leading semiconductor company, expressed happiness that Telangana is developed as a favourite investment destination, an official release said. "Sanjay Mehrotra discussed investment prospects in Telangana with Revanth Reddy," it said. The chief minister assured Mehrotra the government will extend all facilities and cooperation to the company to invest and establish manufacturing units. Reddy hoped industrialists will come forward to establish units and promote skill development, ensure employment generation and help the state's economic growth, it said.

Indian manufacturing unit to be operational by early 2025, says Micron CEO

Global memory and data storage major Micron Technology on Thursday said the first phase of its plant in Gujarat's Sanand will become operational in early 2025. It has already started construction of the plant by roping Tata Projects, and the hiring process has also begun, the US-based company's president and chief executive Sanjay Mehrotra said at the Vibrant Gujarat Global Summit here. "The first phase, which will include 5,00,000 square feet of plant clean room space, will become operational in early 2025," he said. The investment was first announced during the US visit of Prime Minister Narendra Modi in June 2023 and construction had begun in September. Micron has committed to invest over USD 800 million in the plant of the over USD 2.75 billion cost. The "clean room" typically hosts an Assembly, Testing, Marking and Packaging (ATMP) plant which operates in near-zero dust and vibration environment. Mehrotra said the company will ramp up capacity over time as per global demand a

Simmtech preparing for another colocation investment with Micron: CEO Chun

South Korean semiconductor critical parts maker Simmtech is preparing for another colocation investment with Micron, company Global CEO Jeffery Chun said on Wednesday. In his address at the 10th Vibrant Gujarat Global Summit here, he said the company is ready to make "a significant investment in India and create thousands of job opportunities for high skilled talents in the state of Gujarat together with Micron". "The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing nation like India, and Simmtech as a company from Korea is very proud to be part of this movement to achieve a new milestone, making a prosperous Gujarat or self reliant India supply chain," he said. Chun further said," We are now preparing for another round of colocation investment in India." Following Micron's investment plan in Gujarat, Chun said,"... with the support from the central and state government, we are ready to make a significant ...

TSMC posts flat Q4 revenue but beats market expectations on AI boom

For December alone, TSMC reported that revenue fell 8.4% year-on-year to T$176.3 billion, which was down 14.4% compared with the previous month

Tamil Nadu to come up with semiconductor policy during investors meet

The government is expecting a record investment during the investors' meeting

Govt considering anti-dumping duty on circuit boards imported from China

The commerce ministry's arm DGTR has recommended imposition of anti-dumping duty on imports of printed circuit boards imported from China, Hong Kong for five years to protect the domestic industry from cheap inbound shipments. The Directorate General of Trade Remedies (DGTR) has recommended the duty after conducting an investigation on the dumped imports of these boards from these two countries. The PCBs (printed circuit boards) are assembled with electronic components like transistors, resistors, and capacitors. It is used in cars, telephones, ovens, toys, televisions, computers, and lighting solutions. "The authority recommends imposition of anti-dumping duty on the imports of the subject goods originating in or exported from China and Hong Kong for a period of five years...," the DGTR's notification has said. It added that imposition of the duty would not affect the availability of the product to the customers. The Indian Printed Circuit Association has filed an application for

Semiconductor: The new driver of geopolitical balance, economic growth

Semiconductors stand as the linchpin of a modern technological landscape, with their significance across a myriad of industries, from automobiles to aerospace, defence, and healthcare