Page 30 - Semiconductor

CG Power to form JV with 2 foreign entities for OSAT facility in India

Murugappa Group company CG Power and Industrial Solutions has signed an agreement with two foreign entities to set up an Outsourced Semiconductor Assembly and Test facility and plans to invest Rs 7,600 core in India over five years. The two entities are Renesas which is a leading semiconductor company headquartered in Japan and Stars Microelectronics, a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider, CG Power and Industrial Solutions (CG) said in an exchange filing on Friday. "CG, a part of Tube Investments of India Limited and the Murugappa Group, Renesas Electronics Corporation (Renesas) and Stars Microelectronics (Thailand) Public Co. Ltd (Stars Microelectronics) recently signed a Joint Venture Agreement (JVA) to establish a Joint Venture (JV) to build and operate an OSAT facility in India," the filing said. The JV will be 92.3 per cent owned by CG, with Renesas and Stars Microelectronics each holding equity capital of approximately 6.8 per cent and 0.9

Qualcomm to launch AI-focused Snapdragon 8 Gen 4 in October: Details here

The next-generation flagship mobile processor from Qualcomm will be powered by the company's Oryon CPU, which is said to feature an upgraded neural engine for on-device AI

Cabinet clears 3 semiconductor plants with investment of Rs 1.26 trillion

Cabinet approves three more semiconductor units; two in Gujarat and one in Assam

Altera: Intel sees AI opportunity for standalone programmable chip unit

Intel's programmable chip unit began operating as a standalone business at the beginning of the year

India to emerge as global hub in semiconductor manufacturing, says PM Modi

Earlier on Thursday, the Union Cabinet approved the establishment of three semiconductor units under 'Development of Semiconductors and Display Manufacturing Ecosystems in India

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

The Cabinet, on Thursday, approved the setting up of three semiconductor plants including CG India's. The construction of these plants will start in the next 100 days

Govt to invest Rs 10,000 crore in SCL Mohali, says Ashwini Vaishnaw

Under the planned revamp, the facility will house a research and development (R&D) centre, the minister said

Govt clears 3 chip plants: Tatas have built their own tech, says Vaishnaw

The Tatas have built their own indigenous ATMP technology. So we won't require a foreign technology partner here

How India is betting big on the global outsourced semiconductor play

The Cabinet today cleared two projects, the Tata's assembly testing and packaging plant (ATMP) and the Murugappa-owned CG Power with Renesas from Japan as its tech partner

Govt has received semiconductor proposals worth $26 billion: Chandrasekhar

The government will soon announce the Bharat Semiconductor Research Centre, according to the Minister

Cabinet approves setting up of three semiconductor plants in India

Vaishnaw said that the total investment in three semiconductor units is estimated to be Rs 1.26 trillion

Tower's foundry plan may get up thumbs up from Cabinet today: Report

Along with Tower, the Cabinet is also likely to approve the proposals of the Tata Group and the joint venture between HCL Group and Foxconn Group

Govt's semiconductor strategy makes progress with $21 billion in proposals

Israel's Tower Semiconductor Ltd. is proposing a $9 billion plant, while India's Tata Group has put forward an $8 billion chip fabrication unit

Taiwan's TSMC opens its first plant in Japan as part of global expansion

Chip giant Taiwan Semiconductor Manufacturing Co. opened Saturday in an official ceremony its first semiconductor plant in Japan as part of its ongoing global expansion. We are deeply grateful for the seamless support provided by you at every step, TSMC Chairman Mark Liu said after thanking the Japanese government, local community and business partners, including electronic giant Sony and auto-parts maker Denso. The company's founder Morris Chang, was also present. This comes as Japan is trying to regain its presence in the chip production industry. The Japan Advanced Semiconductor Manufacturing, or JASM, is set to be up and running later this year. TSMC also announced plans for a second plant in Japan earlier this month, with production expected to start in about three years. Private sector investment totals USD 20 billion for both plants. Both plants are in the Kumamoto region, southwestern Japan. Prime Minister Fumio Kishida sent a congratulatory video message, calling the plant

Govt's stance on data transfers at WTO troubles chip industry giants

Developing nations like India, South Africa and Indonesia are set to oppose efforts by US and Europe to extend the moratorium. If no agreement is made, the moratorium would expire this year

Nvidia surges after company proclaims AI has hit 'tipping point': Report

The shares jumped about 13% in premarket trading on Thursday following the announcement. They earlier closed at $674.72 in New York, leaving them up 36% for the year

Intel signs Microsoft as foundry customer, says on track to overtake TSMC

It said Microsoft will use its 18A technology to make an undisclosed chip and that it now expects $15 billion of foundry orders

HCLTech, Intel Foundry expand collaboration for semiconductor innovation

HCL Technologies (HCLTech) is expanding a longstanding collaboration with Intel Foundry to co-develop customised silicon solutions for semiconductor manufacturers, system OEMs (Original Equipment Manufacturers), and cloud services providers to enhance foundry services, according to a release on Thursday. The partnership brings together HCLTech's design expertise with Intel Foundry's advanced technology and manufacturing capabilities to establish a resilient and diversified supply chain, marking a new era of innovation and excellence. The collaboration aims to meet increasing global demand for semiconductor manufacturing, catering to the diverse silicon needs of clients, by providing them with a robust and inclusive ecosystem for semiconductor sourcing, it further said. "Intel Foundry's advanced technologies and silicon-verified IPs in manufacturing and advanced packaging strengthen our delivery of innovative, accessible, and diverse solutions to our mutual clients," Vijay Guntur, ..

Policy stability important for semiconductor industry to flourish: Micron

Micron is investing the $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years

Tata Group in talks with two Taiwanese companies for chip plant in Dholera

Tata Group has also reportedly finalised the details of the land and will break ground soon