Page 31 - Semiconductor

Two multi-billion dollar semiconductor plants to come up in India: MoS IT

Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a USD 8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. "I am happy to share this with you and you are probably the first one I'm sharing this with. In the near term, two full-blown fabs are going to come up in India. These are going to be multi-billion-dollar fabs in the 65, 40 and 28-nanometer technology and there are going to be a host of other packaging proposals that we are evaluating," Chandrasekhar said. He was responding to a question on USD 8 billion investment proposal submitted by Tower Semiconductors and the status of India's semiconductor roadmap. The minister said that the project will be approved in the thi

AI inside: Demand for powerful PCs boosts chip industry's business

Chip and device manufacturers get a boost as consumers worldwide demand powerful machines, reports Ashutosh Mishra

India, Taiwan sign MoU to send Indian workers to semiconductor hub

In a further boost to bilateral ties between India and Taiwan, a Memorandum of Understanding (MoU) was signed between the two countries Friday to enable Indian migrant workers to find jobs there."Taiwan-India relations reach a new high! The MOU on the Facilitation of Employment of Indian Workers, signed by @TWIndia2 Rep. Ger & @ita_taipei Rep Yadav," the Ministry of Foreign Affairs of Taiwan posted from its official handle on X.The MoU "promises mutual benefits" for the people of both countries, "igniting a powerful momentum for even deeper and more fruitful cooperation."The signing of the Memorandum of Understanding comes at a time when a labor-strapped Taipei is looking to extend its foreign workforce outside its typical Southeast Asian sources.Taiwan, a major semiconductor producer with an ageing population, is home to over 700,000 migrant workers from Vietnam, Indonesia, the Philippines, and Thailand, the majority of whom work in manufacturing or as home assistants for the ..

Highlights of the day: Investments are inclined towards India, says FM

From Bihar govt launching a probe into Tejashwi Yadav's dept to Intel discussing financial support with US govt, catch all the latest updates from around the world

Sam Altman seeks US govt nod for AI chip manufacturing venture: Report

OpenAI did not respond to a request for comment, while the Department of Commerce declined to comment on "individual conversations"

Rs 25K cr semiconductor packaging plant in Assam soon: Rajeev Chandrasekhar

In December last year, Chief Minister of Assam Himanta Biswa Sarma had revealed Tata group's investment plans for a semiconductor facility in the state

Logicknots ties up with NSDC, IIT to elevate semiconductor design education

Software startup Logicknots on Thursday said it has collaborated with the National Skill Development Council (NSDC) and Indian Institute of Technology Guwahati to elevate semiconductor design and verification education. A memorandum of understanding (MoU) to this effect was signed on Thursday in the presence of Union Education Minister Dharmendra Pradhan, and Union Minister of State for Skill Development, Entrepreneurship, Electronics and IT, Rajeev Chandrasekhar, a statement said. According to the statement, the partnership aims to launch online courses to skill the nation's future semiconductor design engineers. Amidst a booming global semiconductor market, expected to surpass USD one trillion by 2030, Logicknots' initiative promises to fill the critical skill gap in the industry, it stated. Logicknots' Founder Hemant Vats said "our collaboration is set to redefine semiconductor education, making it more accessible and aligned with industry needs, thereby contributing to India's

Masayoshi Son adds $4 billion to personal net worth on Arm's 192% rally

The pace of increase in his wealth puts the Japanese billionaire in the top 30 gainers among the world's 500 richest people tracked by the Bloomberg Billionaires Index

Wall street analysts racing to boost targets of Nvidia after $560 bn rally

The chip giant's shares have surged 46% this year and added about $560 billion in market value as of Monday, when they closed at a record around $722

A fresh twist: Next Orbit, ISMC give Tower Semiconductor legal ultimatum

The communication was sent on January 24, but late last week there were reports that Tower had applied to the Indian government to set up a fab plant that will make chips of 40-65 nanometres

Israel's Tower Semiconductor proposes $8 bn chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said

Remaking PLI: Can a revamp of the scheme plug the gaps and speed things up

PLI is Prime Minister Narendra Modi's dream scheme to transform India into a manufacturing hub for the world

Apple is settling 2022 chip secrets theft case against startup Rivos

In a joint court filing Friday, the companies told a judge they're aiming to finalize an accord that resolves their claims against each other by March 15

US to launch $5 billion research hub to stay ahead in the chip race

"They're investing quite a few dollars on chip design and chip manufacturing in China right now, as our main competitor," Locascio said.

Foxconn invites bids for construction of chip assembly plant in India

Taiwanese electronics major Foxconn has invited bids for construction of a chip assembly and testing plant in India. The plant is proposed to be set up in partnership with HCL Group, according to a regulatory filing. The company has earmarked Rs 1,200 crore as an initial investment for the project. In the filing, Foxconn said it is making an announcement on behalf of subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant on owned land. Last month, Foxconn Hon Hai Technology India Mega Development Pvt Ltd had allocated USD 37.2 million or about Rs 308 crore for setting up the joint venture.

Chipmakers warn of subdued demand from industrial, wireless tech segments

A slowdown in industrial production was also apparent at competitors STMicroelectronics NV and Texas instruments Inc., which both gave disappointing forecasts last month

Govt puts Vedanta Group's mega fab unit proposal on the back burner

The vedanta Group's joint venture (JV) with leading technology service provider, Foxconn, fell through last year

Global chip sales forecast to jump 13% after rocky 2023: Industry group

The Semiconductor Industry Association (SIA) forecast a 13.1% jump in global chip sales to $595.3 billion, compared with a drop of about 8% in sales in 2023

Intel delays $20 bn Ohio project, citing slow chip market: Report

Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project

Electronics manufacturing, research get Rs 15,500 cr budget allocation

The government has allocated Rs 15,500 crore for various electronics manufacturing programmes, including semiconductor mission and mobile and IT hardware PLI scheme for FY25. It has proposed Rs 4,203 crore incentives for assembly, test, and packaging plants that can benefit projects like the ones set up by Micron in Gujarat, the proposed plant by Foxconn and HCL joint venture, Tata Group etc. The proposed outlay covers projects for setting up compound semiconductor and sensor plants. The scheme for setting up a semiconductor fab or electronic chip plant in India has been allocated Rs 1,500 crore, Mohali-based semiconductor laboratory Rs 900 crore, design linked incentive scheme Rs 200 crore. In total, various schemes under semiconductor projects will get Rs 6,903 crore allocation. Besides this, the government has proposed enhancing allocation for mobile production linked incentive (PLI) scheme to Rs 6,125 crore in 2024-25 from Rs 4,489 crore in 2023-24. Companies like Dixon, Foxc