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Nissan reports surging profit amid strong sales, easing chip crunch

Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Nissan Motor Co.'s net profit for the fiscal fourth quarter totalled 106.9 billion yen (USD 798 million), up dramatically from 14.2 billion yen a year ago. Quarterly sales jumped 36 per cent to 3.097 trillion yen (USD 23 billion), amid an easing of the supply shortage of computer chips and other parts, which had been caused by social restrictions related to the coronavirus pandemic. Chief Executive Makoto Uchida told reporters the automaker was preparing all-solid-state batteries for its electric models, as the world makes a rapid shift toward green zero-emissions technology. He acknowledged serious challenges remained but promised to boost Nissan's profitability, especially in key markets like China. A midterm plan will be outlined later this year to transform Nissan into a truly healthy and ...

India Semiconductor Mission signs MoU with Purdue University in US

Union Minister of Electronics and IT, Ashwini Vaishnaw, who is in the US, informed that the Indian Semiconductor Mission signed an MoU with Purdue University for capacity building, research and development, and industry participation.Taking to his official Twitter handle, Ashwini Vaishnaw stated, "MoU between India Semiconductor Mission (ISM) and Purdue University, US, for cooperation in capacity building, R & D and industry participation."Ashwini Vaishnaw also met the leadership team at Intel in the United States.Earlier on Tuesday, Ashwini Vaishnaw met Google CEO Sundar Pichai at Google Headquarters and held a discussion on India Stack and the 'Make-in-India' program.Ashwini Vaishnaw tweeted, "Met @sundarpichai at the @Google HQ. Good discussion on India Stack and Make in India program."Responding to Vaishnaw's tweet, Sundar Pichai thanked the minister for visiting Googleplex. He tweeted, "Thank you for taking the time to visit us at the Googleplex, Minister @AshwiniVaishnaw. ...

India's semiconductor market to touch $64 bn by 2026: Counterpoint-IESA

The country's telecom stack and industrial applications will account for two-thirds of the total market share

50 months on average: Delayed patent examinations stifle inventors

Experts say such delays in the patent examination may become a speed bump for Indian innovators if not improved soon

Vedanta appoints veteran Terry Daly as advisor for semiconductor business

Global conglomerate Vedanta on Tuesday said it has appointed industry veteran Terry Daly as advisor for its semiconductor business

Vaishnaw to meet top tech execs to invite investments in chips, laptops

The Centre has been wooing global companies through the production-linked incentive scheme and the semiconductor scheme, both of which provide incentives to companies

Maruti Suzuki expects recovery in semiconductor chip shortage in Q2

BENGALURU (Reuters) - Maruti Suzuki India Ltd expects some recovery in chip shortages in the second quarter, an executive at the country's top carmaker said on Monday.

British Microchip giant Arm files for IPO in US to raise $10 billion

British microchip designing giant Arm has filed to sell its shares in the US, setting the stage for what could be the biggest stock market listing this year

Chinese police questions staff at Beijing office of Bain & Company: Report

This follows a similar raid at another US firm Mintz's Beijing office last month

Global chip revenue to decline 11% this year, short-term outlook grim

The PC, tablet and smartphone semiconductor markets are stagnating. The combined markets will represent 31 per cent of semiconductor revenue in 2023 and total $167.6 billion

How a Kanpur-born Indian-origin CEO Mehrotra is a chip off the old block

He promises raise India's standing in the global semiconductor sweepstakes, one micron at a time

Top headlines: WTO ICT levy dispute, Micron's semiconductor plant & more

Business Standard brings you top headlines at this hour

Govt set to approve Micron Technology's $1-billion semiconductor plant

The global OSAT-ATMP market is projected to grow to $42 billion by 2026. ATMP players are a key link in the value chain of chip making

SoftBank-owned Arm plans to build its own prototype semiconductor

The SoftBank Group Corp-backed company's newest chip, on which it started work in the past six months, is "more advanced" than ever before, FT said, citing industry executives

Asia's chip makers powered by coal and gas imperil climate goals

None of the 13 semiconductor, display and final assembly companies have climate commitments in line with the Intergovernmental Panel on Climate Change recommendations

Vedanta expects to start building semiconductor plant by Oct-Dec quarter

Vedanta group is expecting to start building its Rs 1.5 lakh crore semiconductor plant in October-December this year and producing electronic chips by the first half of 2027, senior company officials said on Tuesday. Vedanta Semiconductor and Display business, global managing director, Akarsh Hebbar and Vedanta-Foxconn Semiconductors Limited CEO David Reed in a joint interview with PTI said the group has submitted all the technology tie-ups to the government and banks are comfortable in funding the project cost in the ratio of 70 and 30 (from the company) after adjusting subsidy. "We are planning by the fourth quarter of this year to have the first shovel ceremony. We are working on everything to have revenue by 2027. We would have this start with 5,000 wafers in the first part of 2027. And then, we will incrementally take that up to 40,000 wafers a month," Reed said. He noted that the company will also make 28 nm wafers simultaneously as it will need the same equipment that works f

China's semiconductor imports drop 23% as US, India bolster manufacturing

As the US and India bolster local semiconductor manufacturing, China's chip imports nosedived 23 per cent in the first quarter of 2023, the media reported on Friday.

Indian Semiconductor Mission: Centre invites more companies to set up units

The idea behind inviting these firms to set up plants in India was to ensure manufacturing of chips began on time, said an official

Tension on Taiwan Strait: What is the dispute between China and Taiwan?

The tensions between the two states on either side of the Taiwan Strait have remained high since World War II. Here is a look at the brief history of the conflict

IGSS ropes in lead investor in fab play to meet new conditions

The ISM is examining the three applicants who want to set up a fab plant under the government's $10 billion financial incentive scheme for such plants