Page 30 - Semiconductor

UP CM Yogi issues instructions to prepare semiconductor policy of state

According to estimates, the global semiconductor ecosystem is expected to have generated revenues exceeding $950 billion in the fiscal year 2022

Huawei sales near $100 billion in year of semiconductor chip breakthroughs

Sales jumped to more than 700 billion yuan ($98.7 billion), their fastest pace of growth in years thanks to a resurgent smartphone business and robust 5G equipment sales

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

Foxconn invests fresh capital of around Rs 461 crore in Bengaluru unit

Taiwanese electronics manufacturing services major Foxconn has infused USD 55.29 million (about Rs 461 crore) in Bengaluru-based Foxconn Precision Engineering Private Limited, according to a regulatory filing. The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited. Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to around USD 55.29 million (Rs 460.87 crore), according to the filing. Foxconn Precision Engineering was incorporated around six months ago. In July, Foxconn proposed to set up a Rs 8,800-crore supplementary plant to that of its unit at the Devanahalli Information Technology Investment Region in Karnataka. It has also bought 300 acres at Devanahalli. According to the announcement made earlier by the Karnataka government, Foxconn is expected to create employment for about 50,000 people in the first phase at Devanahalli.

Samsung Electronics delays production at new US chip plant to 2025: Report

Revisions to TSMC's and Samsung's plans would mean their new plants, worth tens of billions of dollars, may only come online after the US presidential election next year

Gujarat's semiconductor policy setting stage in technology world: CM Patel

The 'Gujarat Semiconductor Policy' will help realise the state's commitment for a self-reliant India and Gujarat, Chief Minister Bhupendra Patel has said. The policy is setting the stage for a future in the world of technology and manufacturing, and helping Gujarat transform itself into a semiconductor powerhouse, he said. According to the state government, chip maker Micron Technology's decision to set up a USD 2.75-billion plant at Sanand near Ahmedabad indicates that Gujarat's dedicated semiconductor policy is bearing fruit and attracting global players. Under the policy, the state government will set up 'Dholera Semicon City' near Ahmedabad where eligible projects will be given subsidies for setting up manufacturing units, it said ahead of the Vibrant Gujarat Global Summit (VGGS) to be held in Gandhinagar next month. The summit is a forum for business networking, knowledge sharing and strategic partnerships for inclusive growth and sustainable development. In June this year, t

Amid legal tensions, Israeli chipmaker Tower resubmits semicon proposal

Tower Semiconductors' fresh proposal to open a semiconductor fabrication unit for 65 nm and 40 nm chips in India is facing legal challenge from former Partner Next Orbit Ventures

Gujarat's dedicated semiconductor policy drawing global players, says govt

Chip maker Micron Technology's decision to set up a $2.75-billion plant at Sanand near Ahmedabad indicates that Gujarat's dedicated semiconductor policy is bearing fruit and attracting global players, the state government has said. Gujarat had in July last year announced a dedicated policy to draw new investments in the semiconductor sector by offering incentives and subsidies to start operations in the state. The Gujarat Semiconductor Policy', unveiled by Chief Minister Bhupendra Patel, will remain in force till 2027. The policy has been designed in line with the Centre's India Semiconductor Mission' to attract and facilitate new projects in the sector, the government said in a release. Under the policy, the state government will set up Dholera Semicon City' near Ahmedabad where eligible projects will be given subsidies for setting up manufacturing units, it said ahead of the state's Vibrant Gujarat Global Investor Summit next month. At the facility, eligible projects will be give

Tata Group planning Rs 40,000 crore semiconductor unit in Assam: CM

Tata Group is planning to set up a semiconductor processing plant in Assam at an investment of about Rs 40,000 crore, Chief Minister Himanta Biswa Sarma said on Friday. Addressing a function here, he said it has approached the Centre for the final nod after discussions with the state government, and the go-ahead is expected soon. "There is a very good news for us. Tata Electronics Ltd has submitted an application for setting up an electronic centre at Jagiroad," Sarma said. "They have submitted a proposal to the Government of India with an outlay of about Rs 40,000 crore," he added. Jagiroad, in Morigaon district, is about 55 km from the state's largest city Guwahati. Sarma said the Tata Group held initial talks with the state government about the semiconductor assembly and packaging plant, and satisfied with the discussions here, they have approached the Centre. "If all goes well, we will see a major investment in the state which will create a positive environment for ...

Driven by artificial intelligence, Micron sees robust chip demand

The market size for global semiconductor memory was valued at $104.58 billion in 2022 and the worldwide semiconductor memory market is expected to touch $201.91 billion by 2032

GenAI, quantum, semiconductors among top technologies for 2024: Capgemini

In 2023, generative AI (GenAI) took centre stage in the global public and business conversation, and raised expectations that technology could catalyse progress in business and society

Building talent pool, supply chain can help India in semicon race: Experts

Garg added that collaboration with academia and startups to foster innovation in this area is one of the opportunities for India

Bengaluru gets AMD's new global design centre, to accommodate 3K engineers

India's semiconductor market is expected to touch $64 billion by 2026, almost three times its size of $22.7 billion in 2019, according to Counterpoint Research and IESA

India, European Union sign MoU on semiconductor research and innovation

India and the European Union have signed a Memorandum of Understanding on semiconductors that covers cooperation in areas such as research and innovation, talent development, partnerships and exchange of market information, the External Affairs Ministry said Friday. The MoU was signed ahead of the IndiaEU Trade and Technology Council that was held in the virtual format on Friday. The Trade and Technology Council meeting was co-chaired on the Indian side by External Affairs Minister S Jaishankar, Minister of Commerce and Industry Piyush Goyal and Minister of Electronics and Information Technology Ashwini Vaishnaw. Executive Vice-President Valdis Dombrovskis and Vice-President Vera Jourova chaired the meeting from the European side. The Trade and Technology Council (TTC) was launched by Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen during the latter's visit to India in April 2022. The inaugural ministerial meeting of TTC was held in Bruss

Foxconn's billionaire founder Gou to drop out of Taiwan presidential race

The decision brings to an end Gou's years-long pursuit of Taiwan's most-powerful job - at least for now

Artificial Intelligence: Are AI chips different from traditional processors

AI chips executes numerous calculations parallelly, exhibiting remarkable speed and efficiency advantage over CPUs

CG Power zooms 20% on plan to set-up subsidy-backed new semiconductor unit

The company today filed an application seeking government nod to set up an Outsourced Semiconductor Assembly and Test (OSAT) facility and the grant of subsidy for the said project.

Semiconductor chip foray plan adds $3 billion to Murugappa Group's value

It would also provide investors an opportunity to bet on a sector that's added trillions of dollars in stock values globally this year, but has been largely absent from India's $3.7 trn equity market

Goyal meets Micron CEO, discusses options in India semiconductor ecosystem

Union Commerce and Industry Minister Piyush Goyal held a meeting with the CEO of Micron Technology Sanjay Mehrotra on Wednesday (local time) and discussed how India's growing semiconductor ecosystem presents vast opportunities for company to collaborate and expand its footprint in India.Taking to X, Piyush Goyal stated, "Met Mr. Sanjay Mehrotra, CEO & President of @MicronTech. Discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to collaborate & expand its footprint in the country."Earlier this July, Mehrotra had met with Prime Minister Narendra Modi in Gujarat's Gandhinagar and they discussed US chip giant's plans to bolster the semiconductor manufacturing ecosystem within India.In June this year, Micron Technology had announced its plans of investing USD825 million in a new chip assembly and testing plan in Gujarat. India hopes to become a major global hub in semiconductor manufacturing over the next 10 years.Meanwhile, Goyal,

India's FDI share gain more than others in its backyard, shows data

But total FDI into India down 22% at $46 billion in FY23, according to the RBI