Page 24 - Semiconductor

Intel foundry business to make custom chip for Amazon; shares jump 8%

Until Amazon, Intel has struggled to find marquee customers that it could discuss publicly

Intel receives $3 bn from Pentagon for mfg chips for military; shares gain

The effort, called the Secure Enclave, aims to establish a steady supply of cutting-edge chips for defense and intelligence purposes

Tata Electronics to build two semiconductor manufacturing fabs in Gujarat

Construction Tata Electronics' first chipmaking unit in Gujarat is already underway with its first phase valued at Rs 91,000 crore

Semicon 2.0 scheme to raise subsidies; large chip design firms to benefit

Under the Semiconductor Incentive Scheme 2.0, the subsidy amount is likely to increase beyond the current limit

Here's what India needs to accomplish its semiconductor ambitions

The focus should be on identifying the spots in the supply chain where India can enter quickly and scale up effectively

Polymatech Electronics to set up semiconductor facility in Bahrain

Semi-conductor chip manufacturer Polymatech Electronics would invest USD 16 million in Bahrain to establish a semi-conductor manufacturing facility in the gulf country, the company said. The facility to be set up as 'Atri' in Bahrain Industrial Area - Hidd - would play a critical role in producing essential 5G and 6G components and marks Polymatech Electronic's first step in expanding its global footprint. "We, at Bahrain EDB are pleased to welcome Polymatech alongside several leading multi-sector companies to business-friendly Bahrain. Bahrain continues to maintain momentum in delivering on its vision of developing a digital-first, intelligent economy, fostering a future-ready ecosystem that prioritizes the development of next-generation technologies, advanced manufacturing and a highly skilled workforce," Minister of Sustainable Development, Chief Executive of Bahrain Noor bint Ali Alkhulaif said. Polymatech establishing a semiconductor facility in Bahrain is set to usher in a new

Foxconn-HCL joint venture secures land for semiconductor plant in Noida

The proposed project could be a significant milestone for the state, as it would be the first OSAT unit to be established in Uttar Pradesh, pending approval from the central government

Tata electronics, TCS to develop India's first domestic chips by 2026

Tata Electronics plans to launch its first chips from the Assam facility by late 2025 or early 2026, targeting sectors like automotive, electronics, power, consumer goods, and healthcare

India targets $500 bn electronics sector, right time to be here: Modi

Today's age is an age of silicon diplomacy, said the Prime Minister

UP to clear investment proposal worth Rs 10 trn, offer 25% sops: Adityanath

The Uttar Pradesh government will soon organise the groundbreaking ceremony of investment proposals worth Rs 10 lakh crore, Chief Minister Yogi Adityanath said on Wednesday. Inviting the semiconductor industry to invest in the state, the chief minister highlighted that Uttar Pradesh offers incentives such as land subsidies and capital subsidies of 25 per cent for chip units under a policy. Together with the Centre's incentives of 50 per cent, chip units can get subsidies of up to 75 per cent for investment proposals, the chief minister stated. Addressing the international conference on semiconductors, Semicon India, Adityanath said that the state under his government has attracted huge investment proposals from the industry. He recalled that a team which was preparing for an investor summit in the state earlier told him that investment proposals worth Rs 20,000 crore would come in UP. "Same Uttar Pradesh after seven years has brought investment proposals worth Rs 40 lakh crore. Ou

Lam Research expands virtual semiconductor training to 20 Indian varsities

The virtual semiconductor training programme aims to train more than 60000 students over next decade

PM Modi inaugurates SEMICON India 2024: Key highlights

PM Modi inaugurated SEMICON India event in Greater Noida, Uttar Pradesh on September 11.

Centre to get Semicon 2.0 policy in place in next 3-4 months: Vaishnaw

Vaishnaw also said that under Semicon 2.0, an equal focus will be on ecosystem partners, equipment manufacturing, fabs, ATMPs, and other segments of the overall semiconductor ecosystem

NXP Semiconductors to invest over $1 bn in India as it boosts R&D efforts

Chipmaking is still at nascent stage in India, but is crucial element of its economic strategy, with $10 bn incentive package allocated to bolster efforts to rival global chipmakers like Taiwan

Watch: PM Modi attends inauguration of SEMICON India 2024

Prime Minister Narendra Modi on Wednesday visited an exhibition at Semicon India 2024 in Greater Noida, Uttar Pradesh.

Govt to get Semicon 2.0 policy in place in 3-4 months: Ashwini Vaishnaw

The government has started working on the second phase of the semiconductor policy, Semicon 2.0, which is expected to be in place in 3-4 months, Union Minister Ashwini Vaishnaw said on Wednesday. Speaking at SEMICON India 2024, the minister said 3-4 states have attracted semiconductor investments, and one unit will soon come up in Uttar Pradesh. "We are now at a stage when first stage of semicon project is completed. Now we are formulating Semicon 2.0 which will be an expanded form of Semicon 1.0. It will take us 3-4 months to put it in place," Vaishnaw said.

L&T joins semiconductor race, to create chip firm and invest over $300 mn

The tech-to-construction company will spend the money over three years to establish a fabless chipmaker, which designs and sells semiconductors but contracts out their production

TSMC revenue increases by 33% in August as AI chip demand holds up

Taiwan's largest company now makes more than half of its revenue from high-performance computing, the segment of its business driven by AI demand

India capable to be trusted partner in semiconductor supply chain: PM Modi

Asserting that democracy and technology together can ensure the welfare of humanity, Prime Minister Narendra Modi on Tuesday said India has the capability to become a trusted partner in a diversified semiconductor supply chain and assured that the government will follow a predictable and stable policy regime. Prime Minister Modi stated this while chairing the Semiconductor Executives' Roundtable at his residence at 7, Lok Kalyan Marg. During the meeting, he said that their ideas will not only shape their business but also India's future, a statement issued by the Prime Minister's Office said. Stressing that the coming time will be technology-driven, Modi said semiconductor is the basis of the digital age and the day is not far when the semiconductor industry will be the bedrock for even basic necessities. Prime Minister Modi emphasised that democracy and technology together can ensure the welfare of humanity and India is moving ahead on this path recognising its global responsibilit

No funding issue for semicon projects, committed Rs 62K cr incentive: Meity

The government has committed about Rs 62,000 crore in incentives for electronic plants and there is no issue in funding semiconductor projects, Electronics and IT Secretary S Krishnan has said. He told PTI that out of Rs 76,000 crore approved earlier, the government still has scope to accommodate small projects and will approach authorities when there are new projects in place. "Out of the Rs 76,000 crore intended for the semiconductor mission, we have committed about Rs 62,000 crore, including the last scheme which was cleared for Kaynes. As of now, wherever claims have come up, we are settling them with maximum dispatch, and there is no funding issue right now at all," Krishnan said. The government has approved five semiconductor projects entailing investments of around Rs 1.52 lakh crore or about USD 18 billion. He said that some funding is required for the Semiconductor Laboratory's modernization in Mohali. "We still have some funds to take up some smaller projects and approv