Foxconn, formally known as Hon Hai Precision Industry, already has major operations in Vietnam
Odisha Governor Raghubar Das on Monday said the state government will fill 1.5 lakh vacant government posts in a fair and transparent manner, with 65,000 positions set to be filled within the next two years. He made these remarks during the inaugural session of the newly formed 17th Odisha Legislative Assembly. In a bid to transform Odisha into a vibrant manufacturing hub, the state government will prioritise industries such as automobile, electric vehicles (EV), semiconductors, and IT/ITES under the Make in Odisha' initiative, he said, adding such a move will generate over 3.5 lakh jobs by 2029, thereby boosting economic growth and employment opportunities across the state. Das emphasised the government's commitment to enhancing skill development and apprenticeship opportunities for youth to equip them with essential experience and expertise. Highlighting the empowerment of SC and ST youths, Das underscored the government's efforts to foster entrepreneurial initiatives among these
Lauding Prime Minister Narendra Modi's semiconductor-related initiatives, Union Heavy Industries and Steel Minister H D Kumaraswamy on Saturday said he will work towards fulfilling them through his ministry. His remark comes a day after he reportedly raised questions about the US-based semiconductor manufacturer potentially receiving Rs 3.2 crore subsidy for every job it creates in Gujarat. "Semiconductor is a strategic industry. It is a basic requirement for electronics and automobile manufacturing. Both these sectors generate lots of employment. I greatly appreciate the semiconductor-related initiatives taken by @PMOIndia and will work towards fulfilling them through my ministry," Kumaraswamy posted on 'X'. Later, addressing reporters here, the JD(S) leader stressed on the need for creating more jobs along with attracting investments to the country. "Why has our PM given me this big portfolio? Why he has confidence in me? It is a big responsibility that the PM has given me. My wo
The Minister affirmed that the Bharat Semiconductor Research Centre will become one of the leading semiconductor research institutes in the next four to five years across the world
LAM Research has been present in Karnataka since 2000
India has almost everything needed to have a successful semiconductor industry but it still needs to work to reestablish credibility, the head of the world's top advocacy group representing the semiconductor industry has said. From near-zero levels just a year and a half ago, India is now well on its way to having 100 semiconductor design startups by 2024. The Rs 76,000-crore incentive scheme for chip-making, the large talent pool and the skilling programme is playing to the country's strength and mark India's rise as a semiconductor nation. It's now or never (for India in the semiconductor industry), Ajit Manocha, president and CEO of Semiconductor Equipment and Materials International or SEMI told PTI in an interview. Because it takes years to come to the speed and this is a time to do it. Also if we don't do it now, I think we'll lose credibility forever, he said, adding that there might be a couple of announcements before the US visit of the prime minister which would put the ..
The government's aim to make India self-reliant in semiconductor chips may be premature
The two countries must commit to 'free trade, openness, integration' of economies, says Adani Group chairman in award acceptance speech.
Leading caramakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales stood at 1,34,222 units in May. The company had dispatched just 35,293 units in May 2021 amid the second wave of COVID-19 pandemic in the country. The period saw massive disruptions which impacted both production and sale of cars. "The basic parameters of demand in terms of enquiries, bookings remain robust. However, supply chain issues remain and there is no clear visibility by when things will normalise," MSI Senior Executive ..
Tata Motors: CLSA expects a sharp uptick in volume in FY24 driven by a strong order backlog
According to the Shanghai Automobile Dealers Association, not a single vehicle was sold for the whole month of April while in the normal course, about 4,000 vehicles are sold daily in the city.
The government late last year unveiled a $10 billion incentives plan, offering to cover as much as half of a project's cost, to lure display and semiconductor fabricators to set up base in India
The government hopes to learn from two failed attempts in 2007 and 2013 to attract fab manufacturers to India but it's up against some stiff challenges
The firm operates in the mid-power segment worth $15-20 billion, and is designing a chip targeted for vision applications like surveillance, industrial automation and IoT
Nine of the top 10 companies in 2015 remained in the top 10 in 2016
In Feb 2014, the Union Cabinet had approved two electronic chip manufacturing plants for a total of Rs 63,410 cr