Page 32 - Semiconductor Industry

Biden Admin framing new rules to stop US investments in Chinese tech firms

People aware of the developments have said that the programme is likely to cover private equity and venture capital investments in advanced semiconductors, quantum computing, among others

Indian semiconductor market to reach $55 bn by 2026, says Deloitte

India is poised to emerge as a major player in 5G, semiconductor and chip technology, live sports, and AVOD with private deployment networks likely to take off in a big way during 2025-2028, according to consultancy Deloitte. It has also projected the Indian semiconductor market to be worth USD 55 billion by 2026. Satellite broadband and communication service market in India is expected to grow and expand with the developing use case horizon and exponential growth in data consumption, as per Deloitte's 2023 TMT (Technology, Media, and Entertainment, Telecom) predictions. Deloitte predicted the Indian semiconductor market will reach USD 55 billion by 2026 with more than 60 per cent of the market being driven by three industries -- smartphones and wearables, automotive components, and computing and data storage. "With growing demand, the industry is poised to play an important role in enhancing the global value chain as it will expand to a market size of USD 85 billion and generate .

Inside Taiwanese chip giant, US expansion stokes tension: Report

Internal doubts are mounting at the Taiwanese chip maker over its US factory, according to interviews with 11 TSMC employees

South Korea to invest $172 mn in nurturing semiconductor talents

South Korean govt and the country's major chipmakers agreed to jointly nurture more than 2,300 top-level talents in semiconductor field over next decade in an effort to maintain global tech prowess

Semiconductor manufacturing to start very soon in India: IT secretary

Electronics and IT secretary Alkesh Kumar Sharma on Tuesday said that the production of semiconductors in the country will start very soon. He was responding to a query around plan of action of the Ministry of Electronics and IT after state-owned company Energy Efficiency Services Limited (EESL) raised the issue of shortage of electronic chip and printed circuit board (PCB or motherboard) hindering domestic production of electric meters. "India will be one of those top 6-7 partners which will have semiconductor manufacturing. It will happen very soon," Sharma said. Speaking at a conference on technology transfer by C-DAC, Thiruvananthapuram for local manufacturing of smart meters and electric chargers, Sharma said Meity has taken lead in technology development, be it electronic or automotive sector, artificial intelligence. "We have taken a lead when it comes to the climate change initiative. One big component is the shift towards green technology, and EV is an important mission in

Vedanta-Foxconn selects Dholera SIR for 1st semiconductor facility in India

A joint venture of Indian conglomerate Vedanta and electronics manufacturing giant Foxconn has finalised the Dholera Special Investment Region near Ahmedabad city of Gujarat for setting up their semiconductor and display manufacturing facility, a senior state government official said on Monday. In the biggest ever corporate investment in the history of independent India, a joint venture of Vedanta and Foxconn in September last year signed a Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore to set up the plant in the state. This will be the first manufacturing facility for semiconductors in India. At that time, the joint venture company had not disclosed the exact location of the facility. "After a detailed site analysis in consultation with Gujarat government authorities, the joint venture entity of Vedanta and Foxconn has selected Dholera SIR for setting up their semiconductor and display manufacturing facility. The project is in the advanced

Semiconductor chip supply constraints put brakes on auto OEM ramp-up

Firms struggle to increase production as supplies yet to fully normalise

India in talks with 4 semiconductor companies to set up fabs here: Report

Among the companies that have shown interest are New York-based GlobalFoundries and a 'major' Korean semiconductor firm

Top 10 semiconductor buyers lower chip spending by 7.6% in 2022: Report

The top 10 global original equipment manufacturers (OEMs) have lowered their chip spending by 7.6 per cent and accounted for 37.2 per cent of the total market in 2022, a new report said on Monday.

Vedanta picks David Reed as CEO of its Gujarat semiconductor business

Reed began his career at Texas Instruments in 1984, where he served for 26 years

Apar Industries zooms 42% in two days, hits record high on robust earnings

The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.

Geographical diversification of chip manufacturing to happen: Moody's

China's reliance on semiconductor imports is unlikely to diminish over the medium term given constraints on its advanced chip production

Global semiconductor revenue reaches $602 bn last year, says report

Global semiconductor revenue increased by 1.1 per cent in 2022 to total $601.7 billion, up from $595 billion in 2021, a new report said on Tuesday

Construction of US semiconductor plant on track: Samsung CEO Kyung Kye-hyun

"The fab will be finished within this year and start producing the best products next year," he added

Taiwan passes 'Chips Act', offers tax credits to local chipmakers

Governments from US to Seoul have been offering incentives for domestic chip production, in hopes of reducing a reliance on Taiwan for advanced semiconductors and avoiding future supply disruptions

China chips ban: Why US wants S Korea, Japan and the Netherlands on board

The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China

Samsung veteran sounds alarm on S Korea losing a global chip war

"We're in a chip war," said Yang Hyang-ja, who helped shape the 84-year-old conglomerate's present dominance in global memory chipmaking

Micron Technology announces layoffs, cost cutting as chip demand drops

Micron will reduce its workforce by 10% next year and take other cost-cutting measures as the computer memory chip maker struggles to deal with too much supply amid a drop in demand. Micron CEO Sanjay Mehrotra announced the restructuring during during a quarterly conference call with investors Wednesday, noting that prices for computer memory products had deteriorated significantly in recent months, Boise television station KTVB reported. The company will cut staff by about 10% throughout 2023 through voluntary departures and layoffs, according to a filing with the Securities and Exchange Commission. Employee bonuses will also be suspended next year and executive salaries will be reduced for the remainder of the 2023 fiscal year which runs through August, the company said. The Boise, Idaho-based company has about 48,000 employees across 38 sties in North America, Europe and Asia including more than 5,000 people in Boise. It has not announced where the layoffs will occur. In ...

Billionaire Anil Agarwal struggles to get backers for $19 billion chip unit

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

China plans over $143 bn push to boost domestic chips, compete with US

Beijing plans to roll out one of its biggest fiscal incentive packages over five years, mainly as subsidies and tax credits to bolster semiconductor production