Page 35 - Semiconductor

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

Tata, Israel's Tower Semiconductor among bidders for SCL Mohali revamp: Rpt

To enable SCL to manufacture modern chips, starting with 40 and 65 nm chips, the IT ministry had earmarked $1 billion for its modernisation

Qualcomm Q2 profit forecast beats estimates amid AI push, shares gyrate

For Qualcomm, "5 per cent revenue growth and 24 per cent earnings growth is very constructive in a skeptical earnings season environment," said Thomas J. Hayes of Great Hill Capital

TMS Ep614: Akasa Air, layoffs in 2024, rail stocks, semiconductor assembly

Is Akasa Air ready to fly higher? What will 2024 hold for layoffs in India? How to approach rail stocks ahead of Budget 2024? What is outsourced semiconductor assembly and testing? All answers here

IESA launches new report on semiconductor and ESDM policies in India

IESA's latest report compares and contrasts the various policies and incentives offered by different states, and provides insights and recommendations for the stakeholders

CG Power and Industrial reports Q3 standalone PAT at Rs 216.47 crore

CG Power and Industrial Solutions Ltd has reported a standalone profit after tax of Rs 216.47 crore for the October-December 2023 quarter, the company said in a statement on Wednesday. The company's standalone PAT for the corresponding quarter of last financial year was Rs 242.75 crore. For the nine months ending on December 31, 2023, the company's standalone PAT grew to Rs 763.77 crore from Rs 545.13 crore registered during the same period of last year, the Murugappa Group company said in the statement. During the quarter under review, the company realised that there was a weak demand for motors and took a strategic call to sell aggressively to retain their customers and protect its turf. This strategy had an effect of margins dipping on one hand while simultaneously helping gain a market share on the other, the company said. The standalone total income during the quarter under review went up to Rs 1,914.86 crore from Rs 1,680.30 crore registered in the corresponding period of the

Meity may seek Cabinet approval for Rs 10,000 cr India AI programme

Speaking about the centre, Minister Chandrasekhar said that partnerships with companies like Synopsys are the building blocks of India's ambitions in semiconductors

Uttar Pradesh government plans to cash in on semiconductor PLI scheme

With domestic semiconductor demand projected to jump 10 times to $100 billion by 2025 from $10 billion in 2020, the state is aiming to emerge as a leading player in the segment

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India

A lot could depend on how well Micron's project takes off

First made-in-India chip to be out by December, says IT minister Vaishnaw

The first made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. "They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success," he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on ...

Foxconn, HCL announce semiconductor JV in India with $37.2 mn investment

Foxconn Technology Group and HCL Group will establish a semiconductor outsourced assembly and testing (OSAT) unit in India, with Foxconn investing $37.2 million for a 40% equity stake

India's semiconductor mission focused on designing entire chip: Vaishnaw

He said India is looking to develop the complete ecosystem of semiconductors, including design capabilities and manufacturing software and hardware part of it

Chinese govt bought Nvidia semiconductors chips despite US ban: Report

Neither Nvidia nor retailers approved by the company were among the suppliers, according to Reuters