Page 45 - Semiconductor

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

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