Page 26 - Semiconductor Industry

Industrial gas sector charged up on India's semiconductor industry boom

Now, the component industry is seeking government assistance with technology transfer, land allotment, electricity, and capital subsidy, since many new gases will need to be manufactured in India

After laptops, cameras and printers may be next in line for import curbs

For FY23, India's total merchandise imports stood at $714 billion, which is 16.5% more than last year. This has resulted in a rising current account deficit

Domestic electronic manufacturing up Rs 8 trn, semicon import at Rs 1 trn

Indigenous production of electronic goods in the country more than doubled to Rs 8.25 lakh crore in 2022-23 from Rs 3.88 lakh crore in 2017-18, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said that semiconductors worth Rs 1,29,703 crore were imported in 2022-23. "As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs 3.88 lakh crore (USD 60 Billion) in 2017-18 to Rs 8.25 lakh crore in 2022-23 (USD 101.9 billion) at a Compound Annual Growth Rate (CAGR) of 16.28 per cent," the minister said. The government is focused on its objective of catalysing the overall semiconductor ecosystem to further expand India's already rapidly expanding electronics manufacturing and innovation ecosystem, he added. The minister said that semiconductors form a major part of all electronic products theref

Taiwan is and will be India's most trusted partner, says Foxconn CEO

The world's largest electronics maker is keen to show that its India plans are on track. That is understandable because Foxconn needs India as much as India needs Foxconn

Qualcomm announces appointment of Savi Soin as president of India division

Qualcomm, the largest maker of smartphone processors, on Friday announced the appointment of Savi Soin as president of Qualcomm India, to steer and lead the company's strategy for the Indian market. Rajen Vagadia, Qualcomm India president for the last five years, will relocate to Qualcomm headquarters in San Diego and transition to a new role as a Vice President to lead Global Distribution and Global Carrier Strategy. Soin's appointment will be effective immediately and he will be reporting directly to Jim Cathey, Chief Commercial Officer, Qualcomm Technologies. "Qualcomm Incorporated today announced the appointment of Savi Soin as senior vice president and president of Qualcomm India," the statement said. As President of Qualcomm India, Soin will lead Qualcomm's strategy in India by fostering relationships with industry partners and the government across mobile, automotive, semiconductor, industrial and IoT and communication infrastructure sectors, the company said. Soin has been

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials

GlobalFoundries on the lookout for local partners to set up India chip fab

It could take a couple of years before any concrete plans are finalised for the chip fabrication unit

Viral room-temperature superconductor claims spark excitement & skepticism

The papers have sparked wild enthusiasm online. At same time, there are reports of disputes among the Korean researchers over whether the research should have been released at all

Foxconn Industrial Internet denies signing deal with Tamil Nadu: Report

The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs

Japan chip equipment supplier Disco to set up center in India: Report

The chipmaking device supplier will consider opening an applications laboratory, which performs test cuts and other experimental processing at customer's request, in India, the report said

K'taka ministers hold talk with Foxconn Chairman on investments in state

Industries Minister M B Patil on Monday said that the Karnataka government had held "fruitful" discussions with Foxconn, a major iPhone assembler for Apple, about intended projects for which the company is keen to invest in the state. Patil, IT/BT Minister Priyanka Kharge and Foxconn Chairman Young Liu were present at the discussions which took place at a private hotel in Chennai, a statement from the Industries Minister's office said. Speaking about the meeting, Patil said that the industrial and investment policies of the state government are conducive to nurturing an ecosystem favouring the growth of industries. Expressing happiness about the discussions, the minister said the talks held with the company chairman were "fruitful". Senior state government officials were also present at the meeting.

US, Europe growing alarmed by China's rush into legacy semiconductors

President Joe Biden implemented broad controls over China's ability to secure the kind of advanced chips that power artificial-intelligence models and military applications

What are semiconductors, and what do they do? Here is all you need to know

Here's everything you need to know about semiconductors and India's strategic push to become a global manufacturing hub

Top headlines: Walmart buys more stake in Flipkart, no-confidence motion

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Micron's global suppliers ready plans to co-locate, ask govt help

While speaking at the Semicon India, 2023 global summit, suppliers of raw materials, services and utilities for semiconductor manufacturing revealed their plans to invest in Gujarat alongside Micron

Many chipmakers in talks for India plant: MoS IT Rajeev Chandrasekhar

Micron last month announced plans to build a semiconductor ATMP plant in Gujarat under the government's $10-billion production-linked incentive (PLI) scheme

Govt to expand Semiconductor DLI scheme to larger, foreign firms: MoS IT

The government has set aside $200 million to help semiconductor design firms in innovation

India must emerge as trusted partner in semiconductor sector: Chandrasekhar

It is important for the world to see India emerge as a trusted, resilient partner in the electronics and semiconductor space, Union Minister Rajeev Chandrasekhar said here on Saturday, and asserted the world wants to partner with India for the country to grow its footprints in the semiconductor ecosystem. Talking to PTI on the sidelines of the Semicon India 2023 event organised at Mahatma Mandir here, he said Prime Minister Narendra Modi's vision for the sector is to create more and more opportunities for young Indians studying in colleges. The chip shortage witnessed recently was a combination of supply chain disruptions due to the Russia-Ukraine war and the COVID pandemic as well as the increased demand for chips in automotive, IOT, computer, mobile phones and mobile telephony, the Union Minister of State for Electronics and IT said. "So, on the one hand, demand was going up, and on the other hand, we saw concentration of chip production in a few countries. It is important now for

Top headlines: India ripe for semiconductor boom, banks' loans, and more

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Micron Technology chief discusses plans with PM to boost semiconductor biz

It is not the first time that PM Modi has met the Micron CEO. Earlier in June, when PM Modi visited the US, the two had an excellent meeting