Page 8 - Semiconductor Industry

CG Power gets nod for $36 mn deal to acquire Renesas Electronics business

CG Power and Industrial Solutions on Wednesday said it has received approval from the Committee on Foreign Investment in the United States for a USD 36 million deal to acquire the Radio Frequency (RF) components business of Japan-based Renesas Electronics Corporation. "The regulatory approval from the Committee on Foreign Investment in the United States has been obtained on 10th March, 2025 and received by us on 11th March, 2025," a regulatory filing said. Earlier in October, CG Power and Industrial Solutions has inked a pact to acquire the Radio Frequency (RF) components business of Japan-based Renesas Electronics Corporation for a cash consideration of USD 36 million. An asset purchase agreement was executed on October 4, 2024 between CG and Renesas Electronics America Inc, a subsidiary of Renesas, and other affiliated entities of Renesas, that have assets in the RF components business. As per the pact, Murugappa Group firm CG Power will acquire Intellectual Property (IP), tangib

India's semiconductor industry can grow to $40 billion by 2030: IESA

The Indian semiconductor industry can grow to USD 40 billion by 2030 by promoting the ecosystem around supply chain, including chemicals and gases involved in the making of electronic chips, a senior official of industry body IESA said on Friday. Speaking at IESA Vision Summit, India Electronics and Semiconductor Association (IESA) President Ashok Chandak said India needs to learn from the global centers of semiconductors as it is a very complex technology. "Any chip making touches at least more than 10 countries. It is very complicated. If we have to make semiconductor manufacturing successful in India, we have to take care of the supply chain that includes gases, the chemicals, materials, and most of the supply chain has to happen with the plants that are going to manufacture semiconductors," Chandak said. He said that in 2022, IESA had released a report on tha groundwork that needs to be done from the semiconductor ecosystem and it has now released a report which details out all

Taiwan says TSMC's move to invest $100 bn in US not due to Trump's pressure

Taiwan's president and top chipmaker TSMC held a joint news conference Thursday to defend the company's decision to invest USD 100 billion in the US, saying it stemmed from customer demand and not pressure from the Trump administration. Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chipmaker, said earlier this week it would invest USD 100 billion in three more chip manufacturing plants, along with two packaging facilities in Arizona. The decision sparked concerns that Taiwan would gain little in return for moving some of its most advanced manufacturing processes to the US. Taiwan President Lai Ching-te denied that TSMC's investment decision was due to political pressure by the United States. US President Donald Trump had previously said that Taiwan had taken away the US chip business and that he wanted it back. "TSMC's decision is necessary for its future development. The government did not face pressure from the United States during TSMC's investment proce

Govt has finalised design, outline of ISM phase two, to support semicon

The government is also working to make sure that the fabless semiconductor chip' ecosystem is also enhanced further by making changes to the design linked incentive scheme

Semicon Mission-2 in works, mulling to support chip designs: IT secy

The government is ready with an outline of next phase of India Semiconductor Mission (ISM) and discussions are on internally for its rollout, a senior government official said on Thursday. Speaking at IESA Vision Summit, Ministry of Electronics and IT Secretary S Krishnan said the government is also mulling supporting ambitious chip design projects in the country as well as semiconductor packaging designs. "The next stage of ISM is in the works. We have had discussions, discussions with many of the stakeholders, including many amongst you, as to how to design the programme. The design and the outline is ready, and there's undergoing detailed discussions internally in the government," he said. Krishnan in his virtual speech said that the second phase of ISM proposes to provide support for gases and other elements that are required for semiconductor production. He said that the first phase of ISM had a total outlay of Rs 76,000 crore comprising Rs 65,000 crore for chip manufacturing

TSMC to invest $100 bn in US expansion on strong customer demand: CEO

Apple chipmaker Taiwan Semiconductor Manufacturing Company Limited (TSMC) CEO CC Wei said US investment will not impact domestic expansion

TSMC's CEO to hold press conference at Taiwan presidential office

Trump has repeatedly criticised Taiwan, saying it has taken away American semiconductor business and that he wants manufacturing to return to the United States

German firm Infineon inks pact with CDIL to supply chips for semiconductors

German semiconductor company Infineon has signed its first agreement in India with CDIL Semiconductors to supply silicon wafer for manufacturing power chips in the country, senior officials of the firm said here on Thursday. Under the agreement, Infineon will supply bare semiconductor wafers to CDIL, which the Indian firm will process and use for assembly and packaging to make power chipset for use in products like power inverters, solar technology, automobile power solutions, and renewable energy applications, among others. "Infineon will provide silicon to CDIL. India is a special and very large market where we need partners like CDIL who understand the local requirement. This is the first of its kind agreement that we have signed in India," Infineon technologies Asia Pacific President and Managing Director CS Chua said after signing the agreement. Founded in 1964, Continental Device India (CDIL) is India's first semiconductor manufacturer, specialising in discrete semiconductors

PSMC 'working' to bring semiconductor fab construction companies to India

PSCM, which has partnered with Tata Group to build the country's first semiconductor chip manufacturing facility at Dholera in Gujarat, is collaborating with the latter on multiple fronts, Chu said

State to focus on building social infra around semicon units: Gujarat CM

The country has so far attracted investment worth $18 billion under the first phase of ISM, he said

TSMC to announce $100 bn investment in US chip plants over next 4 years

TSMC is the world's leader in production of advanced semiconductors used for artificial intelligence, and the investment would help bolster Trump's pledge to make the US dominant in AI

India must make itself quantum secure, says HCL Co-founder Ajai Chowdhry

Speaking at BS Manthan, HCL Co-founder Ajai Chowdhry emphasised the urgent need for India to embrace quantum technology and take proactive steps to ensure the country's digital and strategic autonomy

Crucial Nvidia results to set the course for faltering 'Magnificent Seven'

Investors have raked in big gains from the AI boom led by the so-called "Magnificent Seven", a group of tech giants that includes Nvidia, Microsoft and automaker Tesla

Taiwan seeks to give away chip industry to US as 'souvenir', says China

US President Donald Trump has criticised Taiwan for taking away American semiconductor business

First 'Made in India' semiconductor chip expected by 2025: Vaishnaw

Union minister Ashwini Vaishnaw on Tuesday said the first 'Made in India' semi-conductor chip would be ready for production by 2025. He made the announcement on the second day of the 'Global Investors Summit 2025' organised in Bhopal. "By 2025, the first 'Made in India' semiconductor chip would be ready for production," an official release quoted the Electronics and Information Technology Minister during the event that he joined via video conference. "Under Prime Minister Narendra Modi's leadership, electronic manufacturing in Madhya Pradesh has gained significant momentum. Two electronic manufacturing clusters have been approved by PM Modi one each in Bhopal and Jabalpur," he said. Currently, 85 companies are actively engaged in the electronics manufacturing sector in the state, marking a major success for the double-engine government, Vaishnaw said. The government's commitment to technological advancement by announcing the training of 20,000 engineers under the Future Skills ...

Semiconductor plant created an entire ecosystem in Assam: Ashwini Vaishnaw

Union minister Ashwini Vaishnaw on Tuesday said the semiconductor plant in Assam's Morigaon district has created an entire ecosystem, attracting investment interest from multiple countries. Speaking at a session on semiconductors, the minister for railways, electronics and information technology said the setting up of the semiconductor assembly unit at Morigaon will position Assam as a major hub and very soon, another such unit will be set up in the state. Several companies from Singapore, Malaysia, and Japan are expected to sign Memorandums of Understanding (MoUs) and set up offices near the semiconductor plant, he added. "Apart from semiconductors, Assam will soon have manufacturing units for mobile phones and electronics, further boosting the state's industrial landscape," he said. The decision to set up the National Institute of Electronics and Information Technology (NIELIT) University was taken a few months ago at Jagiroad on encroached railway land, the minister said. "The

Donald Trump's team seeks to toughen Biden's chip controls over China

Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China

Semiconductor policy key to improving defence mfg: Navy chief Tripathi

Navy chief Admiral Dinesh K Tripathi has said India's semiconductor policy is essentially "new oil for the economy" and important to improve the country's defence manufacturing. Speaking at an event here on Monday, he also asked the private sector to take the lead in order to make the country self-reliant. If India has to become self-reliant, then the private industry must take the lead in defence manufacturing, he said. The Ministry of Defence has set aside Rs 450 crore this year for the Innovation for Defence Excellence (iDEX) scheme, which aims to help startups and small and medium enterprises (SMEs) innovate, Admiral Tripathi said. "The MoD has earmarked 75 per cent of our modernisation budget for the defence industry, which is almost Rs 1 lakh crore. And out of that, 25 per cent has been earmarked for the private defence industry in this budget. This year, Rs 450 crore has been successfully allocated for iDEX scheme," he said. Since its inception in 2018, the iDEX has signed

Will Trump's semiconductor tariffs disrupt India's global supply chains?

US President Trump has imposed a 25 per cent tariff on semiconductor imports, raising costs for US tech firms and disrupting global supply chains. Here's how it will impact the Indian industry

India's dependency on China upstream imports on the rise: McKinsey report

India's exports to China are declining, suggesting an emerging asymmetrical trade relationship between the world's two largest developing economies