The ministry noted that both sides held candid, in-depth, and practical discussions on mutual economic and trade concerns
Taiwanese electronics manufacturing giant Foxconn will invest up to Rs 424 crore in a semiconductor joint venture it has set up with HCL Group, according to an official note and sources. The iPhone contract manufacturer has purchased a 40 per cent stake in a semiconductor joint venture (JV) for about Rs 312 crore. "If the potential investment of no more than USD 13,310,000 (about Rs 112 crore) is included, the total accumulated holding will not exceed USD 50,510,000 (about Rs 424 crore) and the cumulative shareholding ratio will be adjusted based on the actual capital increase," the company said in note on investment in the JV unit which is yet to be named. According to sources, the investment is for Foxconn-HCL OSAT (Outsourced Semiconductor Assembly And Test) plant to be set up in India. Foxconn earlier invested about Rs 246 crore in the JV through its subsidiary Big Innovation Holdings and further increased the investment amount to Rs 312 crore through Foxconn Hon Hai Technology
What really worked for us, I think, is that none of us came from the industry but we did realise that we will be running into insurmountable problems, she said
Intel, once the world's largest chipmaker, has become the target of takeover speculation since a rapid deterioration of its business this year
US President Joe Biden awarded Intel nearly $20 billion in grants and loans in March to boost the company's domestic output
Japan's biggest chip equipment maker plans to hire and train local engineers in or around 2026, with their first task to provide technical services to Tata Electronics
Tata Electronics on Thursday said it has concluded an agreement with Taiwan-based Powerchip Semiconductor Manufacturing Corporation, which will provide technology support for the Dholera wafer fab of the Indian tech major. As per the agreement, PSMC will provide design and construction support to build India's first AI-enabled greenfield fab in Gujarat, license a broad portfolio of technologies and provide engineering support to the fab unit. "We are pleased to partner with PSMC, whose technology and expertise will significantly accelerate our roadmap to pioneer semiconductor manufacturing in India. It will position us to play a key role in the growing semiconductor market to serve global customers," Tata Sons Chairman N Chandrasekaran said. The company is setting up a chip manufacturing unit in Dholera at an investment of up to Rs 91,000 crore ( about USD 11 billion). "Tata Group's multi-fab vision for Dholera is projected to create over 1,00,000 skilled jobs," the statement ...
While New Delhi must be mindful of export restrictions, the US-India semiconductor accord marks a major shift in the US's high-technology strategy
Micron's Sanand unit could be the first to bring out 'made-in-India' chips by Aug 15 next year
Urges them to co-develop, co-design and co-produce in India for the world
3rditech had its breakthrough moment when it was awarded the Army Design Bureau's Award of Excellence for its low-light imaging sensors
India attends IPEF Supply Chain Council, Crisis Response Network in Washington
The proposed plant will make infrared, gallium nitride and silicon-carbide semiconductors
There was a memorandum of cooperation between Quad countries for the semiconductor supply chain contingency network
Executives from TSMC, the world's largest chipmaker, have visited the UAE recently to discuss building a plant complex
The country's semiconductor industry is targeting revenue of $25 billion by 2030, the government said in a statement
Under a transformative collaboration with the US, India will get a national security semiconductor fabrication plant that will produce chips for use in military hardware and next-generation telecommunications. The India-US joint project was announced following talks between Prime Minister Narendra Modi and US President Joe Biden in Wilmington on Saturday. A joint fact sheet on Modi-Biden talks said the two leaders "hailed" the semiconductor project as a "watershed arrangement". It will be the first ever India-US semiconductor fabrication partnership. It is the first time ever the US military has agreed to do a partnership for these highly-value technologies with India and it is a watershed moment as it is as significant as the civil nuclear deal, people familiar with the matter said. "President Biden and Prime Minister Modi hailed a watershed arrangement to establish a new semiconductor fabrication plant focused on advanced sensing, communication, and power electronics for nationa
While Qualcomm's approach raises the prospect of others entering the fray, at least one large rival is opting to sit on the sidelines for now
Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat
The chipmaker did not immediately reply to an emailed Reuters request for comment