Page 37 - Semiconductor

Will continue investments in India, invested $35 bn till date: Anil Agarwal

Foxconn withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate earlier this week

Foxconn-Vedanta deal off: What went wrong & what next for India's semiconductor dream

Recently, the highly anticipated partnership between Vedanta and Foxconn to establish a $19.5 billion semiconductor manufacturing plant in Gujarat, India, came to an unexpected halt. >

Memory chip giant SK Hynix considering setting up packaging plant in India

Samsung and SK Hynix are key players in the global sales of dynamic random-access memory (RAM) chips

Foxconn to apply for India chipmaking incentives after $19.5 bn JV pullout

"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said

Foxconn withdrawal has no impact on India's semiconductor goals: MoS IT

Taiwanese electronics manufacturer Foxconn's decision to pull out of Vedanta joint venture has no impact on India's semiconductor fabrication plant goal, minister of state for electronics and IT Rajeev Chandrasekhar said on Monday. Foxconn has decided to pull out of the semiconductor joint venture with Indian conglomerate Vedanta. "This decision of Foxconn to withdraw from its JV wth Vedanta has no impact on India's Semiconductor Fab goals. None," Chandrasekhar tweeted. Vedanta Foxconn JV had announced the setting up of India's first electronic chip manufacturing unit in Gujarat with an investment of around USD 1.5 lakh crore. "Its not for govt to get into why or how two private companies choose to partner or choose not to, but in simple terms it means both companies can & will now pursue their strategies in India independently, and wth appropriate technology partners in Semicon n Electronics," Chandrasekhar tweeted. The minister said that both Foxconn and Vedanta have significant

As Foxconn withdraws, Vedanta says other partners lined for chip plant

After withdrawal of Taiwanese electronic contract manufacturer Foxconn from its chip joint venture, Vedanta on Monday asserted that it is fully committed to its semiconductor project and has lined up other partners to set up India's first foundry. Vedanta said that it has redoubled efforts to fulfil the Prime Minister Narendra Modi's vision for semiconductors and affirmed that India remains pivotal in repositioning global semiconductor supply chains. "Vedanta reiterates that it is fully committed to its semiconductor fab project and we have lined up other partners to set up India's first foundry. We will continue to grow our Semiconductor team, and we have the license for production-grade technology for 40 nm from a prominent Integrated Device Manufacturer (IDM)," Vedanta said in a statement. The company had announced plans to set up its chip plant in Gujarat with an investment of around Rs 1.5 lakh crore. However, its JV partner Foxconn has announced to pull out of the project. "

Foxconn pulls out of semiconductor joint venture with Vedanta Ltd

Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in Gujarat

Vedanta to acquire semiconductor, display biz from Twin Star Technologies

Anil Agarwal-led Volcan Investments has decided to rejig semiconductor business segment by bringing it under subsidiary Twin Star Technologies Limited, the group firm Vedanta said on Friday. Under the new structure, Twin Star Technologies (TSTL), which is a sister concern of Vedanta Ltd, will become its subsidiary and Vendanta's semiconductor and display business will be brought under TSTL. "The acquisition will be effected by way of a share transfer at face value of Twin Star Technologies Limited's (TSTL) Semiconductor and Display SPVs. TSTL is a wholly owned subsidiary of Volcan Investments Limited, the ultimate holding company of Vedanta Limited," Vedanta said in a statement. With this restructuring, Vedanta Limited announced the addition of semiconductors and display glass manufacturing ventures to its diversified portfolio. "Vedanta is committed to making India self-reliant in electronics. This is the beginning of the creation of a Silicon Valley in India, a cutting edge and .

Foxconn Q2 sales fall 14%, Q3 outlook brighter ahead of shopping season

For the month of June, sales fell 19.7% year-on-year, though at T$422.8 billion it was still the second highest figure on record for the same period

Top headlines: I-T lens on reporting entities, rupee to face headwinds

Business Standard brings you the top headlines at this hour

Micron to start construction of $2.75 bn chip plant next month: Report

Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in Gujarat

Work on Micron Technologies' unit to start in 45 days: Ashwini Vaishnaw

One new 5G tower going live every minute, 270,000 5G radios installed, says minister

Microchip Technology to invest $300 million to expand India operations

For starts, opens R&D unit in Hyderabad on 168,000 sq ft with capacity to house 1,000 employees

UK-based firm plans to set up semiconductor fabrication unit in Odisha

A UK-based company is planning to set up a semiconductor fabrication unit in Odisha's Ganjam district with an investment of Rs 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state government on March 26 to set up the semiconductor unit in the state. After visiting some sites near Chhatrapur in the district, its Indian company officials headed by its chairman Guruji Kumaran Swami held a meeting with the district administration at Chhatrapur on Thursday. Ganjam Collector Dibya Jyoti Parida has assured the investors all facilities for setting up the unit. "We have visited some sites, including the industrial park of Tata and some private lands for the establishment of the proposed semiconductor unit. A technical team of the company will visit the district to finalise the site," said Debadutt Singhdeo, project ...

Japan to take over global leader in chipmaking compounds for $6 billion

The move could help Tokyo expand control over compounds essential for making advanced semiconductors

With Vedanta JV facing hurdles, Foxconn reaches out to other companies

Foxconn has already held informal discussions with a few companies to explore a potential partnership, including 'two large domestic corporate groups'

Expect 2-6 high-quality proposals on semiconductors in 12 months: Vaishnaw

'We have made changes in the semiconductor programme after getting inputs from experts'

Semiconductor announcements to create 80,000 jobs: MoS IT Chandrasekhar

The big-ticket announcements by players including Micron, Applied Materials, and Lam Research during Prime Minister Narendra Modi's US visit will create an estimated 80,000 jobs, and underscore the resolve of the two countries to shape the future of technology, Union Minister Rajeev Chandrasekhar said on Friday. The Minister of State for Electronics and IT termed the announcements by Micron Technology, Applied Materials and Lam Research as a "significant and meaningful milestone" and "central piece" in the growth semiconductor ecosystem in the country. "These three investment decisions will create a minimum of 80,000 jobs directly in my estimate and indirectly the numbers could be much higher. More than that it will be a catalyst to the overall electronics and semiconductor ecosystem," Chandrasekhar said. US memory chip firm Micron Technology will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), th

First Made-in-India semiconductor chips to come by Dec 2024: Vaishnaw

First Made-in-India chips are expected to be rolled out by December 2024, Union Minister for Communications and IT Ashwini Vaishnaw said on Friday. The minister said 4-5 semiconductor plants are expected to be set up in the country within a year. "First Made-in-India chip will be out by December 2024," Vaishnaw said while briefing media following a joint statement issued by US President Joe Biden and Prime Minister Narendra Modi in the US. He said that land allocation, factory design work and tax compliance related agreement for the Micron semiconductor plant to be set up in Gujarat has been completed. "First Made-in India chip from Micron is expected to come out in about six quarters from now," Vaishnaw said. Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), The total cost of the plant comprises USD 825 million from Micron and rest from the government in t

India, US to enhance tech commerce; to focus on semiconductor, telecom

India and the US will focus on measures to facilitate greater technology sharing, co-production opportunities with semiconductor, 5G and 6G telecom network, quantum and high-end computing, said a joint statement released on Friday. The statement dated June 22 released after the meeting between Prime Minister Narendra Modi and US President Joe Biden in the US said that both governments have committed to promote policies and adapt regulations to facilitate greater technology sharing, co-development, and co-production opportunities between US and Indian industry, government, and academic institutions. India and US have signed multiple pacts to push bilateral commerce, technology transfer, joint development of technologies in the area of semiconductor, 5G and 6G telecom and open source based telecom network, quantum and high performance computing etc. as both nations enhance commitment towards trusted network and supply chain ecosystem. "President Biden and Prime Minister Modi hailed th