Page 46 - Semiconductor

Samsung's Q3 earnings outlook grim amid poor global chip demand

The third-quarter earnings outlooks for Samsung Electronics and SK hynix, the world's top two leading chip manufacturers, remain largely grim due to a recent fall in global demand for memory chips

BJP lying on Vedanta semiconductor plant that went to Gujarat: Uddhav

Shiv Sena president Uddhav Thackeray on Wednesday dared the BJP to defeat it in the upcoming Mumbai civic polls, saying his party's relationship with the metropolis was unbreakable. He also accused the Bharatiya Janata Party (BJP) of "lying" on the Rs 1.54 lakh crore Vedanta-Foxconn semiconductor project which has been shifted to Gujarat. Addressing party workers at suburban Goregaon, Thackeray said the Centre is giving huge incentives to the project after it was moved to the adjoining BJP-ruled state. He said, "Union Home Minister Amit Shah has asked his party to show the Shiv Sena its place in the Mumbai civic polls. I dare you to try it. Shiv Sena's relationship with the city was unbreakable and the party was deeply connected with the day-to-day life of ordinary Mumbaikars, rushing to their help whenever required." Thackeray asked the BJP, his former ally, to tell people what was its contribution in building the metropolis apart from consider it just a piece of real estate. ..

Govt tweaks Rs 76k-cr semiconductor, display fab scheme to woo global firms

The Cabinet on Wednesday approved modifications in the scheme for semiconductors and display manufacturing ecosystem, with uniform fiscal support of 50 per cent of project cost for all technology nodes under the ambitious programme. Announcing the decision of the Cabinet, Union Minister Anurag Thakur said the modifications will strengthen the semiconductor scheme, thus raising capacities within the country, encouraging investments, and creating employment opportunities. "Under modified programme, a uniform fiscal support of 50 per cent of project cost shall be provided across all technology nodes for setting up of Semiconductor Fabs," an official release said. Given the niche technology and nature of compound semiconductors and advanced packaging, the modified programme shall provide fiscal support of 50 per cent of capital expenditure for setting up of compound semiconductors / silicon photonics / sensors / discrete semiconductors fabs. "The programme has attracted many global ...

Vedanta Resources' semiconductor plans won't chip away at liquidity: S&P

Mining mogul Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday. "This is because the company has reiterated that the USD 20 billion related investment will be carried out outside of Vedanta Resources. The business will be undertaken in a separate entity under Vedanta Resources' holding company Volcan Investments Ltd," it said. Vedanta and its partner and Taiwanese electronics manufacturing giant Foxconn last week signed a pact with the Gujarat government for setting up a semiconductor factory in Gujarat. Semiconductor chips, or microchips, are essential pieces of many digital consumer products - from cars to mobile phones and ATM cards. The Indian semiconductor market was valued at USD 27.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of nearly 19 per cent to reach USD 64 billion in 2026. But none of ..

Vedanta-Foxconn plant site in Gujarat to be finalised in 2 weeks: Official

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various sites in Gujarat based on technical aspects, commercial viability and connectivity to set up the semiconductor and a display fabrication unit in the state, Nehra told PTI. In the biggest ever corporate investment in the history of independent India, a joint venture of the Vedanta and Foxconn had on September 14 signed a Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore to set up the plant in the state. Nehra had signed the MoU on behalf of the state government. "Vedanta and Foxconn have hired sector experts who are evaluating possible sites for the upcoming plant in Gujarat. Earlier they were ...

China's chip output shrinks as India, US ramp up local manufacturing

As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August

'Gujarat not Pakistan': Fadnavis on Vedanta-Foxconn semiconductor project

Amid mounting criticism over Gujarat bagging a multi-billion Vedanta-Foxconn semiconductor project, Maharashtra Deputy Chief Minister Devendra Fadnavis on Friday said the neighbouring state was not a part of Pakistan and alleged a "10 per cent commission" had to be paid for availing any subsidy during the previous Maha Vikas Agahdi (MVA) government. Without naming the Uddhav Thackeray-led Shiv Sena, Fadnavis targeted the party for opposing big-ticket projects like a refinery in Maharashtra which had the potential of taking the state ahead of others for the next ten years, as he slammed his former ally for stalling the Mumbai-Ahmedabad bullet train and Mumbai Metro 3 infrastructure ventures. Fadnavis said after taking over as the deputy chief minister in June-end, he personally met Vedanta chairman Anil Agarwal and Maharashtra even offered a tailor-made package to the company to match up the Gujarat offer, but he was told a decision to move the semiconductor unit to Gujarat was in

iPhone maker Foxconn's India plant should draw lessons from the US

Wisconsin never hit its targets. And neither will Gujarat

IGSS signs up three equity partners for $3.5-bn wafer plant in Tamil Nadu

Vedanta-Foxconn announced an MOU to set up its chip and display plant in Gujarat on Wednesday

Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn

Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Amid chip shortage, Indian banks reach out to govt, seek CCI intervention

Indian banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers.

Vedanta-Foxconn sees Guj semiconductor plant reaching break-even in 5 yrs

Signs MoU with state govt; Vedanta to invest $10 billion of the $20 billion earmarked for the project in the first phase

Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report

Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source

Biden to hit China with broader curbs on US chip and tool exports

The letters forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors unless sellers obtain Commerce Department licenses.

Passenger vehicle dispatches surge 21% in Aug on better chip supply, demand

Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August riding on improved supplies of semiconductors and festive demand, according to Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Similarly, total two-wheeler wholesales increased to 15,57,429 units last month, compared to 13,38,740 units in the year-ago period, a growth of 16 per cent. Total three-wheeler sales rose to 38,369 units last month against 23,606 units in August 2021, up 63 per cent. Sales across segments rose by 18 per cent to 18,77,072 units in August this year, from 15,94,573 units in the same month last year, SIAM said.

Micron to invest $15 bn by 2030 on semiconductor plant in Idaho's Boise

Micron will invest $15 billion though the end of the decade on a new semiconductor plant in its hometown that the chipmaker said will create 17,000 American jobs. Sanjay Mehrotra, president and CEO of Boise, Idaho-based Micron, said his company's investment was made possible by last month's passage of the CHIPS and Science ACT of 2022, a $280 billion bill aimed at bolstering U.S. competitiveness against China and avoiding another chip shortage like the one that derailed the auto and tech industries during the pandemic. The CHIPS law sets aside $52 billion to bolster the semiconductor industry, which due to COVID-related supply chain constraints beginning in 2020, has struggled to manufacture the diminutive chips that power everything from smartphones to computers to automobiles. "Our new leading-edge memory manufacturing fab will fuel U.S. technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security, Mehrotra ...

August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

Taiwan Semiconductor Manufacturing Co to soon start 3-nm chip production

TSMC said that it will soon produce ultra-advanced 3-nanometer (nm) chip, as the leading contract chipmaker struggles with supply-chain woes and other constraints

India's chip-making gambit: Ambitious plans or breakthrough strategy?

India has already offered an unprecedented $10 bn as capital subsidy. Is that enough? And is self-reliance the right approach in a mega-buck game, or better to be part of a network, wonders T N Ninan