Page 22 - Semiconductor Industry

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

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.