Page 28 - Semiconductor Industry

Foxconn withdrawal has no impact on India's semiconductor goals: MoS IT

Taiwanese electronics manufacturer Foxconn's decision to pull out of Vedanta joint venture has no impact on India's semiconductor fabrication plant goal, minister of state for electronics and IT Rajeev Chandrasekhar said on Monday. Foxconn has decided to pull out of the semiconductor joint venture with Indian conglomerate Vedanta. "This decision of Foxconn to withdraw from its JV wth Vedanta has no impact on India's Semiconductor Fab goals. None," Chandrasekhar tweeted. Vedanta Foxconn JV had announced the setting up of India's first electronic chip manufacturing unit in Gujarat with an investment of around USD 1.5 lakh crore. "Its not for govt to get into why or how two private companies choose to partner or choose not to, but in simple terms it means both companies can & will now pursue their strategies in India independently, and wth appropriate technology partners in Semicon n Electronics," Chandrasekhar tweeted. The minister said that both Foxconn and Vedanta have significant

As Foxconn withdraws, Vedanta says other partners lined for chip plant

After withdrawal of Taiwanese electronic contract manufacturer Foxconn from its chip joint venture, Vedanta on Monday asserted that it is fully committed to its semiconductor project and has lined up other partners to set up India's first foundry. Vedanta said that it has redoubled efforts to fulfil the Prime Minister Narendra Modi's vision for semiconductors and affirmed that India remains pivotal in repositioning global semiconductor supply chains. "Vedanta reiterates that it is fully committed to its semiconductor fab project and we have lined up other partners to set up India's first foundry. We will continue to grow our Semiconductor team, and we have the license for production-grade technology for 40 nm from a prominent Integrated Device Manufacturer (IDM)," Vedanta said in a statement. The company had announced plans to set up its chip plant in Gujarat with an investment of around Rs 1.5 lakh crore. However, its JV partner Foxconn has announced to pull out of the project. "

Foxconn pulls out of semiconductor joint venture with Vedanta Ltd

Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in Gujarat

Another China challenge

Export controls will affect high-tech businesses

Micron to start construction of $2.75 bn chip plant next month: Report

Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in Gujarat

Construction of Micron's chip factory to begin in 4-6 weeks: Vaishnaw

The Micron facility has been approved by the Centre's Modified Assembly, Testing, Marking, and Packaging (ATMP) Scheme

Leading Taiwanese cos look to relocate production bases to India: Experts

Leading Taiwanese technology firms are looking at relocating their manufacturing bases to India to bring down their exposure to the Chinese market, top policymakers in the Taiwan government have said, amid the self-governed island's increasingly tense relations with China. Deputy Minister for Taiwan's National Development Kao Shien-Quey said there is huge scope for collaboration between New Delhi and Taipei in areas of emerging and critical technologies including manufacturing of semiconductors and electronics equipment. In an interaction with a group of international journalists, she said major Taiwanese technology giants are looking at India as a key destination to strengthen their global supply chains. Kristy Tsun-tzu Hsu, the director at premier policy think-tank Taiwan ASEAN Studies Center at Chung-Hua Institution of Economic Research, described India as an important country for Taiwan and said Taiwanese companies operating in China are looking at "decoupling" the global supply

UK-based firm plans to set up semiconductor fabrication unit in Odisha

A UK-based company is planning to set up a semiconductor fabrication unit in Odisha's Ganjam district with an investment of Rs 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state government on March 26 to set up the semiconductor unit in the state. After visiting some sites near Chhatrapur in the district, its Indian company officials headed by its chairman Guruji Kumaran Swami held a meeting with the district administration at Chhatrapur on Thursday. Ganjam Collector Dibya Jyoti Parida has assured the investors all facilities for setting up the unit. "We have visited some sites, including the industrial park of Tata and some private lands for the establishment of the proposed semiconductor unit. A technical team of the company will visit the district to finalise the site," said Debadutt Singhdeo, project ...

Gujarat, US chipmaker Micron to sign MoU tomorrow for semiconductor unit

The Gujarat government will on Wednesday sign an MoU with American computer storage chipmaker Micron Technology for a semiconductor assembly and test facility at Sanand in Ahmedabad district, said the state government on Tuesday. The MoU (memorandum of understanding) will be signed in the evening in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel and other dignitaries, said a government release. On June 22, Micron had announced it will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore). Micron's plant has been approved under the central government's "Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme". Under the scheme, the US-based firm will receive 50 per cent fiscal support for the total project cost from the Centre and incentives representing 20 per cent of the total cost from the Gujarat government. "Phased construction of the new assembly and test facility in .

Vedanta-Foxconn JV reapplies for chip manufacturing unit incentives

The company had earlier announced that the plant will be set up in Dholera, Gujarat, with an investment of around Rs 1.5 trillion and start making revenue by 2027

Vedanta Foxconn JV re-submit application to set up semiconductor plant

Vedanta Foxconn JV has re-submitted an application to set up an electronic chip manufacturing plant, the joint venture company said on Tuesday. The company had earlier announced that the plant will be set up with an investment of around Rs 1.5 lakh crore and start making revenue by 2027. "We have submitted the application as per the revised guidelines. We are committed to building a world-class fab in India," Vedanta Foxconn Semiconductor Ltd said in a statement. The company has re-submitted the application under the modified semiconductor programme. Under the modified programme, the government has increased the fiscal incentive to 50 per cent of the project cost for setting up semiconductor Fabs in India of any node (including mature nodes). Similarly, the fiscal incentive of 50 per cent of the project cost is available for setting up Display Fabs of specified technologies in India. Earlier, the scheme offered fiscal support of 30 per cent of capital expenditure to approved unit

Japan to take over global leader in chipmaking compounds for $6 billion

The move could help Tokyo expand control over compounds essential for making advanced semiconductors

An extremely narrow advance

The global rally lacks breadth, with only a few tech stocks driving the surge. In contrast, India's market stands out as an exception

With Vedanta JV facing hurdles, Foxconn reaches out to other companies

Foxconn has already held informal discussions with a few companies to explore a potential partnership, including 'two large domestic corporate groups'

Nvidia CEO Huang says chipmaker 'extremely likely' to invest in Europe

Nvidia's value has jumped as its graphics processors have become the most popular for data centers needed to power generative artificial intelligence

Expect 2-6 high-quality proposals on semiconductors in 12 months: Vaishnaw

'We have made changes in the semiconductor programme after getting inputs from experts'

First Made-in-India semiconductor chips to come by Dec 2024: Vaishnaw

First Made-in-India chips are expected to be rolled out by December 2024, Union Minister for Communications and IT Ashwini Vaishnaw said on Friday. The minister said 4-5 semiconductor plants are expected to be set up in the country within a year. "First Made-in-India chip will be out by December 2024," Vaishnaw said while briefing media following a joint statement issued by US President Joe Biden and Prime Minister Narendra Modi in the US. He said that land allocation, factory design work and tax compliance related agreement for the Micron semiconductor plant to be set up in Gujarat has been completed. "First Made-in India chip from Micron is expected to come out in about six quarters from now," Vaishnaw said. Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), The total cost of the plant comprises USD 825 million from Micron and rest from the government in t

Micron to set up $2.75 bn semiconductor assembly, test plant in Gujarat

Computer storage chip maker Micron will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), the company said on Thursday. Micron will invest up to USD 825 million in setting up the plant in two phases. Micron's plant has been approved under the government's Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,. Under the scheme, Micron will receive 50 per cent fiscal support for the total project cost from the Indian central government and incentives representing 20 per cent of the total project cost from the state of Gujarat. "Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024," Micron said in a statement. Micron said that the plant will create up to 5,000 new direct jobs and 15,000 community jobs over the next several ...

India's tax regime complex, throws up 'unexpected surprises': Micron

Micron Technology has urged the central government to reconsider taxation for the electronics sector

Micron Tech nears $1 billion investment in India's chip packaging plant

An announcement could be made as soon as when Prime Minister Narendra Modi visits the US next week, said the people, who asked not to be identified because the details are private