Page 38 - Semiconductor

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

Chip plant, fighter jets: A flurry of India-US deals as Modi, Biden meet

Micron to set up chip plant in India; GE, HAL to make fighter jet engines

Applied Materials to invest $400 mn in India for new engineering center

Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country

Micron to set up $2.75 bn semiconductor assembly, test plant in Gujarat

Computer storage chip maker Micron will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), the company said on Thursday. Micron will invest up to USD 825 million in setting up the plant in two phases. Micron's plant has been approved under the government's Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,. Under the scheme, Micron will receive 50 per cent fiscal support for the total project cost from the Indian central government and incentives representing 20 per cent of the total project cost from the state of Gujarat. "Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024," Micron said in a statement. Micron said that the plant will create up to 5,000 new direct jobs and 15,000 community jobs over the next several ...

India, US launch INDUS-X for technology and defence industry partnership

A factsheet was released for operationalising the 'Defence Innovation Bridge' under the Initiative on Critical and Emerging Technologies at a two-day event in Washington DC

PM Modi invites Micron to boost semiconductor manufacturing in India

Prime Minister Narendra Modi has invited American chip maker Micron Technology to boost semiconductor manufacturing in India as the country provides competitive advantages in various parts of the product's supply chain. He also invited Applied Materials to India for development of process technology and advanced packaging capabilities. Modi in his meeting here with President and CEO of Applied Materials Gary E Dickerson discussed the potential of the company's collaboration with academic institutions in India to create a skilled workforce. "The prime minister invited Micron Technology to boost semiconductor manufacturing in India," a ministry of external affairs statement said. During his meeting with CEO of General Electric H Lawrence Culp , Modi invited the company to play a greater role in the aviation and renewable energy sector in India. "Prime minister appreciated GE for its long-term commitment of manufacturing in India. The prime minister and Mr. Culp Jr discussed GE's gre

Had an excellent meeting with PM Modi: Micron Tech chief Sanjay Mehrotra

"We discussed a wide range of topics and we really look forward to greater opportunities in India," said Mehrotra

It's India's time to shine: CEO of Applied Materials after meeting PM Modi

Acknowledging that India is a trusted partner, Dickerson recognized the exceptional talent that India possesses, which is appreciated by many countries worldwide

Apple Inc's Taiwan suppliers see sales falter again over slow demand

Before announcing its long-awaited Vision Pro headset alongside upgraded Macs this month, Apple weathered a tough first quarter where sales of its hardware either slumped or stagnated

India clears $2.7 bn Micron chip testing plant ahead of PM Modi's US visit

Micron's plant is set to be built in Modi's home state of Gujarat and the government will dole out production-linked incentives worth 110 billion rupees, said official

Netherlands to soon roll out semiconductor export control measures: Report

The US in October 2022, announced its own export control measures affecting advanced computing integrated circuits and certain semiconductor manufacturing items

PM Modi in the US: Semiconductors to drones, here's what will be in focus

PM Modi is expected to meet the top 20 business leaders of US companies, including Mastercard, Accenture, the Coca-Cola Company, Adobe Systems and Visa

Germany, Intel strike $33 bn chip plant deal; $11 bn subsidy on offer

The agreement includes what Intel said was increased government support including incentives, reflecting the expanded scope of the project since it was first announced in March 2022

Micron Tech nears $1 billion investment in India's chip packaging plant

An announcement could be made as soon as when Prime Minister Narendra Modi visits the US next week, said the people, who asked not to be identified because the details are private

Samsung planning to unveil AR/VR headset sensor for image recognition

Tech giant Samsung is reportedly planning to unveil a new time-of-flight (ToF) sensor for AR/VR (mixed reality) headsets which will feature an on-chip Image Signal Processor (ISP)

Cabinet to approve Rs 25,000 cr scheme for semiconductor manufacturing

In May, Finance Minister Nirmala Sitharaman said that the Centre is prioritising attracting more investments in India by expanding the production-linked incentive schemes to include semiconductors and

TSMC regains $500 billion mkt cap as investors clamor for AI, chips

Asia's most valuable company gained more than 3% Tuesday, fueled also by hopes that a post-Covid chip downturn is nearing an end

Shakti scheme offering free buses ride for women costs Rs 8.84 cr per day

The free ride in non-luxury state-run buses for women across Karnataka under the 'Shakti' scheme on Monday cost the state exchequer Rs 8.84 crore, according to the transport department. On day one of the launch of the scheme on Sunday, the department incurred an expenditure of Rs 1.40 crore. In just two days, the total expenditure under the scheme -- a key pre-election promise of the Congress -- was Rs 10.24 crore. According to data shared by the department, on Monday Karnataka State Road Transport Corporation incurred an expenditure of Rs 3.58 crore, Bangalore Metropolitan Transport Corporation, which operates city buses, Rs 1.75 crore, the North West Karnataka Road Transport Corporation Rs 2.11 crore and the Kalyana Karnataka Road Transport Corporation Rs 1.40 crore. If one were to take into consideration the Monday figure, the annual expenditure on this scheme may touch between Rs 3,200 crore to Rs 3,400 crore, a transport officer told PTI.

Samsung ex-exec tried to set up semiconductor plant in China. It was a copy

Prosecutors said in a statement Monday they arrested a 65-year-old accused of stealing trade secrets from 2018 to 2019 to reproduce a chip plant in the northern city of Xi'an

Cabinet to approve proposals for semiconductor units as govt modifies rules

Aiming to streamline the decision-making process and facilitate greater domestic production of semiconductors, the Union Cabinet will now approve all proposals for setting up of semiconductor units