Two big semiconductor proposals are under process and expected to take shape in the coming few months, Union minister Ashwini Vaishnaw said on Saturday. Without divulging specifics of the proposals, the minister said the projects will focus on a special area where India can emerge as a leader at the global level. While speaking with PTI on the sidelines of the groundbreaking ceremony of Micron's semiconductor plant, Vaishnaw said that the global semiconductor company is noticing the progress made by India in the segment and Prime Minister Narendra Modi's capability to execute large and complex policy decisions. "This has developed India as a major trusted geography in which global industry players want to come. We can see in the coming few months at least two more large semiconductor proposals taking shape," Vaishnaw said. He said that there are some specific areas where India can take the lead and the focus of the semiconductor projects will be in areas that can help the country .
Tata Projects on Saturday announced its collaboration with Micron Technology to construct an advanced semiconductor assembly and test plant in Sanand, Gujarat. The company in a statement said the contract awarded to Tata Projects solidifies the company's proficiency in large-scale, sustainable infrastructure development in the Indian manufacturing landscape. According to the statement, situated in the Gujarat Industrial Development Corporation area of Chaarodi, Sanand, the project spans an expansive 93 acres of land. "This enduring project is a significant milestone and the largest investment under the India Semiconductor Mission (ISM)," the statement said, adding that the construction of Phase 1 will include a 500,000 square feet cleanroom space, scheduled to be operational by late 2024. The statement said the project encompasses the design and construction of a first-of-its-kind DRAM (dynamic random access memory) and NAND (non-volatile flash memory) assembly and test facility in
This Saturday, Micron Technology, the world's fifth-largest semiconductor company, will commence the groundbreaking ceremony in Sanand
A few months ago, Micron acquired 10 acres of land, a building and a factory from a troubled auto components maker
While TSMC and Samsung were making strides in reducing the transistor size in their chips, Intel was still stuck with its Intel 10 (10nm equivalent semiconductor manufacturing process) up until 2020
Critics say the project is hyped, as Micron will be merely importing its wafers and doing low-value ATMP processing
With this injection of capital Shanghai-based GTA Semiconductor has in less than two years racked up over $2.7 billion of mostly state funds
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Regulations announced by the US Commerce Department in October last year restrict the export of manufacturing tools that can churn out processors at 16 nanometers or below
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Intel will terminate a USD 5.4 billion deal to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid rising tensions with the United States. It was a mutual decision between Intel and Tower, the companies said Wednesday. Intel said that the deal was terminated due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement. Intel Corp. will pay Tower a termination fee of USD 353 million, the US semiconductor giant said. The deal required regulatory approval from several regulators worldwide including China, but Chinese regulators did not greenlight the deal by the August 15 transaction deadline, even after Intel CEO Patrick Gelsinger travelled to China last month in a bid to win them over. The scuttled deal between the two companies comes amid increasing US-China tensions, particularly as the US has tightened export controls and imposed restrictions aimed at crippling China's ability to
UK-based SRAM & MRAM Group is in advanced stage of discussion with semiconductor makers SK Hynix and GlobalFoundries to collaborate for its proposed Rs 30,000 crore chip manufacturing plant and a testing facility in India, a top company official said. SRAM & MRAM Group Chairman Sailesh Lachu Hiranandani told PTI that his group will hold majority stake in the joint venture and the application to seek the Centre's approval for the project will be submitted within a week. "We are only the investing partner. We are already in negotiations with SK Hynix from Korea. They are going to be our partner in India. Technical partner has to have all the IPs (Intellectual Properties). Our role is very much defined," Hiranandani said. SK Hynix is among the top three global memory or storage semiconductor companies. SRAM & MRAM Group has proposed to set up a semiconductor manufacturing plant and a testing unit in Odisha. "My vice president is in touch with them (GlobalFoundries). We might
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
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
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