Getting a silicon fab plant off the ground might take longer
Discussions were also held on the recent developments in the steel industry, the current global situation and its challenges, the minister added
India and Japan on Thursday signed an agreement to develop the semiconductor ecosystem, including research and manufacturing, Union minister Ashwini Vaishnaw said on Thursday. The agreement was signed between Vaishnaw and Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura in the national capital. "Japan and India have signed a memorandum for semiconductor design, manufacturing, equipment research, talent development and to bring resilience in the semiconductor supply chain," Vaishnaw said. The nations will create "implementation organisation" that will work on government-to-government and industry-to-industry cooperation, Vaishnaw added.
There are integrated device manufacturers (IDM) like Samsung and Intel, which both design and manufacture chips
Firm's domestic sales jumped by 21% in 2022-23 to 48,886 units; in the current fiscal it hopes to sell up to 100,000 units
The group already has a partnership with Taiwan's Innolux for display fab manufacturing, he added
What happens when one of the world's largest manufacturers partners with the world's largest chip maker? Watch the video to find out >
This also comes after China moved to restrict exports of raw materials such as gallium and germanium that are used in making chips
Foxconn, a major iPhone assembler for Apple, has proposed to set up a Rs 8,800 crore supplementary plant to that of the unit at Devanahalli Information Technology Investment Region (ITIR) in Karnataka, the state's Large and Medium Industries Minister M B Patil said on Monday. The Chief Minister Siddaramaiah chaired a high-level meeting with the delegates of Foxconn Industrial Internet (Fii), headed by its CEO, Brand Cheng, in this regard, he said. As per the proposal, Fii, a subsidiary of Foxconn (formally known as Hon Hai Precision Industry Co. Ltd), has a plan to invest Rs 8,800 Crore. "This would create 14,000 jobs and the land required for the project is about 100 acres," Patil said. The delegates of the Fii would be taken to Tumakuru to examine the available land at Japan Industrial Township near the district headquarters town. The Information Technology Minister Priyank Kharge and Chief Secretary Vandita Sharma were also present in the meeting. "Fii will engage in manufactur
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Foxconn, with the two companies, is expected to make both advanced as well as legacy chips in India
Even if the government's targets for export growth are met, we will still be some distance behind smaller countries such as Vietnam
CreditSights had previously expected a "minimal credit impact" on Vedanta Resources based on the old arrangement, as Volcan, Vedanta's holding entity was undertaking the semiconductor investments
Foxconn this week exited its project with Vedanta, which was also planned for Prime Minister Narendra Modi's home state of Gujarat, citing issues such as slow progress
Foxconn separately intends to apply for incentives under India's semiconductor production plan
Foxconn withdrew from a $19.5 billion semiconductor joint venture with the metals-to-oil conglomerate earlier this week
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. >
Samsung and SK Hynix are key players in the global sales of dynamic random-access memory (RAM) chips
"Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem," the company said