Page 29 - Semiconductor Industry

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

Cabinet to approve Rs 25,000 cr scheme for semiconductor manufacturing

In May, Finance Minister Nirmala Sitharaman said that the Centre is prioritising attracting more investments in India by expanding the production-linked incentive schemes to include semiconductors and

TSMC regains $500 billion mkt cap as investors clamor for AI, chips

Asia's most valuable company gained more than 3% Tuesday, fueled also by hopes that a post-Covid chip downturn is nearing an end

Samsung ex-exec tried to set up semiconductor plant in China. It was a copy

Prosecutors said in a statement Monday they arrested a 65-year-old accused of stealing trade secrets from 2018 to 2019 to reproduce a chip plant in the northern city of Xi'an

We must be a product nation, make our own chips: HCL's Ajai Chowdhry

Countries want to invest in semiconductors. It's very tough to get investments. But in 40 nanometers and above, I believe we still have chance, said Ajai Chowdhry, co-founder of HCLTech

Semicon policy: India aims to leverage potential of high-growth chip market

MeitY eyes a more robust response to a reoriented incentive scheme based on stakeholder feedback

It's now or never for India to take lead in semiconductor sector: SEMI CEO

India has almost everything needed to have a successful semiconductor industry but it still needs to work to reestablish credibility, the head of the world's top advocacy group representing the semiconductor industry has said. From near-zero levels just a year and a half ago, India is now well on its way to having 100 semiconductor design startups by 2024. The Rs 76,000-crore incentive scheme for chip-making, the large talent pool and the skilling programme is playing to the country's strength and mark India's rise as a semiconductor nation. It's now or never (for India in the semiconductor industry), Ajit Manocha, president and CEO of Semiconductor Equipment and Materials International or SEMI told PTI in an interview. Because it takes years to come to the speed and this is a time to do it. Also if we don't do it now, I think we'll lose credibility forever, he said, adding that there might be a couple of announcements before the US visit of the prime minister which would put the ..

Govt in talks with US-based Micron Technology for semiconductor fab factory

The $30.8 billion Micron has 11 manufacturing sites spread across the US, Japan, Malaysia, Singapore, Taiwan and China

ISMC's semiconductor facility plan in India stalled after Tower-Intel deal

A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly

Betting big: Global subsidy race puts a spanner in India semicon works

But other countries are also ramping up their chip manufacturing plans

Govt invites new applications for semiconductor manufacturing unit

Joint venture between Vedanta Resources and Foxconn reportedly denied benefits under state programme

Vedanta-Foxconn chip venture application for India funding to be rejected

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Mike Young to take charge as senior VP for Vedanta's semiconductor biz

His appointment comes at a time when Anil Agarwal-led Vedanta has been on an aggressive talent acquisition drive to attract leaders from the semiconductor industry globally