The shipments to surveillance camera manufacturers from the company's HiSilicon chip design unit started this year
A few months ago, Micron acquired 10 acres of land, a building and a factory from a troubled auto components maker
as he and other top executives met with bankers to plot this week's initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch
Business Standard brings you the top headlines at this hour
"As of now we don't see anyone replacing that capacity that Taiwan has built over the years," she said
The Mate 60 Pro smartphone employs an unusually high proportion of Chinese parts, in addition to its main processor
India and the US on Friday expressed their support for building a resilient global semiconductor supply chain while reaffirming a pledge to sustain high-level engagements between governments, industries and academic institutions. In a joint statement issued their bilateral talks here, Prime Minister Narendra Modi and US President Joseph Biden called upon the two governments to continue the work of transforming the India-US Strategic Partnership across all dimensions based on trust and mutual understanding. The meeting was held soon after Biden arrived in New Delhi to participate in the G20 Summit to be chaired by Prime Minister Modi. The two leaders expressed their support for building resilient global semiconductor supply chains while noting a multi-year initiative of Microchip Technology to invest approximately USD 300 million in expanding its research and development presence in India and also Advanced Micro Device's announcement to invest USD 400 million over the next five years
"There is intent, there is no timeline," said the person, adding that Reliance has "yet to make a call on whether they want to ultimately invest"
Foxconn Technology Group is teaming up with STMicroelectronics NV for a bid to build a semiconductor factory in India, seeking state backing to broaden its footprint in the South Asian country
Critics say the project is hyped, as Micron will be merely importing its wafers and doing low-value ATMP processing
With this injection of capital Shanghai-based GTA Semiconductor has in less than two years racked up over $2.7 billion of mostly state funds
Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively
Though Nvidia didn't give long-term projections Wednesday, Huang said that supply will "substantially increase for the rest of this year and next year
At $10 billion, the listing could be the largest in the US since electric-vehicle maker Rivian Automotive Inc's $13.7 billion offering in October 2021
Intel will terminate a USD 5.4 billion deal to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid rising tensions with the United States. It was a mutual decision between Intel and Tower, the companies said Wednesday. Intel said that the deal was terminated due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement. Intel Corp. will pay Tower a termination fee of USD 353 million, the US semiconductor giant said. The deal required regulatory approval from several regulators worldwide including China, but Chinese regulators did not greenlight the deal by the August 15 transaction deadline, even after Intel CEO Patrick Gelsinger travelled to China last month in a bid to win them over. The scuttled deal between the two companies comes amid increasing US-China tensions, particularly as the US has tightened export controls and imposed restrictions aimed at crippling China's ability to
Globally, Cadence has about 11,000 employees, one-third of whom are in India. Its second largest R&D centre is also in Noida
What replaces Foxconn's former mega-factory strategy will have huge ramifications for multi-billion dollar industries, geopolitics, and the world's largest economies
For FY23, India's total merchandise imports stood at $714 billion, which is 16.5% more than last year. This has resulted in a rising current account deficit
India is a key market for US-based Applied Materials where the firm plans to invest $400 million over coming years in a new engineering centre in the tech hub of Bengaluru
Qualcomm, the largest maker of smartphone processors, on Friday announced the appointment of Savi Soin as president of Qualcomm India, to steer and lead the company's strategy for the Indian market. Rajen Vagadia, Qualcomm India president for the last five years, will relocate to Qualcomm headquarters in San Diego and transition to a new role as a Vice President to lead Global Distribution and Global Carrier Strategy. Soin's appointment will be effective immediately and he will be reporting directly to Jim Cathey, Chief Commercial Officer, Qualcomm Technologies. "Qualcomm Incorporated today announced the appointment of Savi Soin as senior vice president and president of Qualcomm India," the statement said. As President of Qualcomm India, Soin will lead Qualcomm's strategy in India by fostering relationships with industry partners and the government across mobile, automotive, semiconductor, industrial and IoT and communication infrastructure sectors, the company said. Soin has been