Page 29 - Semiconductor

iVP Semiconductor aims for revenue of $70-100 million in next 3-4 years

Fabless semiconductor startup iVP Semiconductor Pvt Ltd has plans to set up a production test facility as part of its drive to produce semiconductor chips in the domestic market, a top official said. The company has also secured USD 5 million in a pre-series A Funding for its expansion plans, Co-founder and CEO Raja Manickam said. An industry veteran, Manickam said his aspiration was to first serve the clients in the domestic market and later expand the company to become a 'global brand.' "Today domestic semiconductor industry is being served by several global companies. I want to serve the industry as an Indian company. iVP Semiconductor is an Indian company and it would become a global brand." he said. The company would focus on power sector including renewable energy, solar industry, wind energy. "We are going to be competitors to existing players with most of them being global companies," he said. To a query, he said the company would set up a production test facility in Chen

Maharashtra govt in talks with 3 firms for semiconductor plant: Fadnavis

The Maharashtra government was in talks with three companies to set up a semiconductor plant in the state, deputy Chief Minister Devendra Fadnavis said here on Saturday. He was speaking after inaugurating, along with Union minister Nitin Gadkari, a medical equipment and consumables manufacturing facility of HORIBA India in Butibori area. HORIBA India is a subsidiary of HORIBA Ltd, a Japanese firm. Fadnavis thanked HORIBA chairman Atushi Horiba for setting up manufacturing units in Pune and Nagpur. The Maharashtra government was in talks with three companies including HORIBA to set up semiconductor facilities in the state, he said, and proposed that HORIBA set up a semiconductor plant in Nagpur. Land will be kept reserved for the same, he said. Speaking on the occasion, Union minister Gadkari thanked HORIBA India for starting its plant in the city. HORIBA India in a press release said the Nagpur plant will have an investment of about Rs 200 crore in a phased manner and will serve

Rs 44k cr push for India-made global brands in electronics, semiconductor

A key distinction in the task force's proposal is its focus on benefiting Indian companies exclusively, a departure from the PLI scheme that involves significant participation from global players

Biden admin to fight labour shortage with new Chips Act Worker Programme

The programme, described as a workforce partner alliance, will use some of the $5 billion in federal funding set aside for a new National Semiconductor Technology Center.

South Korea's SK Hynix plans to invest $75 billion on chips through 2028

SK Hynix's HBM chips are optimised for use with Nvidia Corp.'s artificial intelligence accelerators

Why does the rise of Nvidia and AI remind people of the dot-com boom?

Chipmaker Nvidia surpassed Microsoft to become the world's most valuable company amid the AI boom. Are there parallels with the dot-com boom and bust?

Amid shortage of professionals, chipmakers ramp up campus engagement

Companies such as Intel India, AMD, Applied Materials India, and Tessolve are collaborating with students and staff on practical projects and setting up labs at institutions such as IIT-Bombay

US wants Netherlands, Japan to further restrict chip equipment to China

In a response on Wednesday, Chinese foreign ministry spokesperson Lin Jian said China was opposed to the US "coercing other countries and suppressing China's semiconductor industry"

With three in $3trn club, top trio account for nearly a fifth of US mcap

Saudi Arabia, Taiwan, France & UK other top markets where top firms hold big sway

Chipmaker firm Nvidia's 591,078% rally to most valuable stock came in waves

On Tuesday, that run culminated in Nvidia unseating Microsoft Corp. as the world's most valuable company with a market capitalisation of $3.34 trillion

India-US agree to step up cooperation on semiconductors, critical minerals

India and the US Monday launched a new strategic semiconductors partnership to co-develop semiconductor design and manufacturing processes for precision-guided ammunition

India, US to address barriers to trade & cooperation, deepen strategic ties

The commitment was made at a meeting between the national security advisers of the two countries, Ajit Doval and Jake Sullivan

Will work to fulfill semiconductor initiatives of PM Modi: Kumaraswamy

Lauding Prime Minister Narendra Modi's semiconductor-related initiatives, Union Heavy Industries and Steel Minister H D Kumaraswamy on Saturday said he will work towards fulfilling them through his ministry. His remark comes a day after he reportedly raised questions about the US-based semiconductor manufacturer potentially receiving Rs 3.2 crore subsidy for every job it creates in Gujarat. "Semiconductor is a strategic industry. It is a basic requirement for electronics and automobile manufacturing. Both these sectors generate lots of employment. I greatly appreciate the semiconductor-related initiatives taken by @PMOIndia and will work towards fulfilling them through my ministry," Kumaraswamy posted on 'X'. Later, addressing reporters here, the JD(S) leader stressed on the need for creating more jobs along with attracting investments to the country. "Why has our PM given me this big portfolio? Why he has confidence in me? It is a big responsibility that the PM has given me. My wo

Samsung unveils technology road map to lure AI chip makers to its mfg biz

Though Samsung is the world's No. 1 memory-chip maker, it has been trying to catch up with rival Taiwan Semiconductor Manufacturing Co. in the foundry market

PLI scheme to draw Rs 3-4 trn investments over 4 yrs; boost pvt capex: ICRA

The PLI scheme is expected to attract investments of Rs 3-4 lakh crore in the next four years and generate 2 lakh jobs as large projects in sectors, including semiconductor, solar module and pharmaceutical intermediaries, are expected to take off, a top Icra executive said on Wednesday. Icra Executive Vice President and Chief Ratings Officer K Ravichandran said that going ahead private sector capex is expected to pick up in oil and gas, metals and mining, hospitals, healthcare and cement sectors. However, taking the private sector capex to record high levels would require the government to give some tax breaks so that people have more disposable income in their hands. "Under the PLI scheme, we are expecting Rs 3-4 lakh crore of additional investments in the next 3-4 years. Going ahead, semiconductor, solar module, and pharmaceutical intermediaries are some areas where large projects are expected to happen which can be capital and employment-intensive. They would be generating 2 lakh

Taiwanese firm MediaTek designs Arm-based chip for Microsoft's AI laptops

The software company's plans take aim at Apple which has released its own Arm-based chips for Mac computers for roughly four years

India's chip industry to face shortage of 300,000 professionals by 2027

A report by TeamLease Degree Apprenticeship showed the semiconductor industry is expected to face a shortage of 250,000-300,000 professionals by 2027 in verticals such as design, and manufacturing

TSMC, Foxconn are two companies that will guide global supply chains

Their size, technical dominance and global influence make these two Taiwanese companies irreplaceable - no other single business could jump in to fill the gap should either disappear overnight

Nvidia becomes first chip firm to hit $3 trn in mkt value, overtakes Apple

The last time Nvidia was worth more than Apple was in 2002, five years before the first iPhone was released. At the time, both companies were worth less than $10 billion each

AMD announces Ryzen AI 300 series processors for next-gen AI PCs: Details

Along with the Ryzen AI 300 series chips, AMD unveiled Ryzen 9000 series desktop processors for gaming and content creation