TSMC's move is linked to the proposed US Chip EQUIP Act; aimed at securing subsidies, diversifying supply chains
The industry is going through a massive inflection point. Over the past decade, we saw strong growth in this industry because of the IoT (internet of things)
The move marks rare government intervention in the private sector to boost domestic manufacturing of semiconductors
The government has committed around Rs 62,900 crore, or 97 per cent, of the Rs 65,000 crore fund earmarked as incentives for semiconductor production in the country, a top official said on Friday. While briefing on the Semicon India 2025 event, Electronics and IT Secretary S Krishnan said the funds left can accommodate only small projects. He said that under the Rs 76,000 crore India Semiconductor Mission, Rs 65,000 crore was allocated for chip production, Rs 10,000 crore for the modernisation of the Semiconductor Laboratory in Mohali and Rs 1,000 crore for the design-linked incentive scheme. "Out of this Rs 65,000 crore, I think we have committed close to Rs 62,900 crore or so already. We have limited funding, which we have available; we might be able to just accommodate two or three small projects," Krishnan said. Talking about the Semicon India event, he said that the three-day event will be held from September 2-4 at Yashobhoomi in the national capital, which is expected to be
Among the supported firms is Bengaluru-based Vervesemi, developing ICs for space, defence, and smart energy applications
This comes after Nvidia announced that it is pausing H20 chips to China after the Chinese regulators raised security concerns, prompting suspension of production and deliveries
After US nod, Nvidia's H20 shipments face fresh hurdles with Chinese regulators citing security risks; suppliers told to pause production
Companies that are boosting investment pledges in the US will not be pressed to offer equity in exchange for funding such as from the Chips Act
The CNBC report, which cited people familiar with the matter, did not name the potential investors. Intel, whose shares fell 7 per cent, did not respond to a Reuters request for comment
U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China
The shares of the chip giant lost 60% of their value last year as it could not gain traction in the artificial intelligence (AI) market, which is dominated by Nvidia
The federal government is considering a potential investment in Intel that would involve converting some or all of the company's grants from the US Chips and Science Act into equity
The state will also roll out a workforce development programme to train 1,000 engineering students through top-tier platforms such as the India Semiconductor Workforce Development Programme
PM Modi calls for India's self-reliance in technology, urging the youth to create homegrown platforms and innovations, highlighting India's progress in semiconductors, UPI, AI, and cybersecurity
The president has repeatedly promised that levies on chips and pharmaceuticals are coming within weeks, but no formal announcements have yet been made
Trump, who called the meeting "very interesting", has taken an unprecedented approach to interventions and deal-making with corporate America
He said the rates would be lower at the start to allow companies to come and build up domestic manufacturing, rising later. He gave no exact rates
The Congress hit back at Prime Minister Narendra Modi on Friday for his swipe at its governments that the idea of semiconductors faced "foeticide" 50-60 years ago, saying the Semiconductors Complex Limited in Chandigarh started operations in 1983. Addressing the nation on the 79th Independence Day, Modi said the first made-in-India semiconductor chip will be launched in the market by the end of this year. "About 50-60 years ago, files on semiconductors were opened, and discussions on having a factory began. But my youths, you will be surprised that the semiconductor, which has become the strength of the world, that thought process, faced foeticide 50-60 years ago," the PM said. Modi also said that he is not at the Red Fort to criticise any government, but it is equally important for the youth to know about it. Hitting back at the prime minister, Congress general secretary in charge communications Jairam Ramesh said, "One more example of what a pathological liar Mr Modi is. ...
Here are the top highlights from PM Modi's Independence Day speech, which lasted for 103 minutes
CEA V Anantha Nageswaran said that the current trade-related matters are important but they should not blind us to other challenges