Page 11 - Semiconductor Industry

CG Power JV to invest Rs 7600 cr in Gujarat semiconductor facility

Facility will be financed through a mix of subsidies, equity and potential bank borrowings

Cabinet clears 3 semiconductor plants with investment of Rs 1.26 trillion

Cabinet approves three more semiconductor units; two in Gujarat and one in Assam

India to emerge as global hub in semiconductor manufacturing, says PM Modi

Earlier on Thursday, the Union Cabinet approved the establishment of three semiconductor units under 'Development of Semiconductors and Display Manufacturing Ecosystems in India

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

The Cabinet, on Thursday, approved the setting up of three semiconductor plants including CG India's. The construction of these plants will start in the next 100 days

Govt to invest Rs 10,000 crore in SCL Mohali, says Ashwini Vaishnaw

Under the planned revamp, the facility will house a research and development (R&D) centre, the minister said

Govt clears 3 chip plants: Tatas have built their own tech, says Vaishnaw

The Tatas have built their own indigenous ATMP technology. So we won't require a foreign technology partner here

Tata's semiconductor unit in Assam to be gamechanger for NE: CM Himanta

Assam Chief Minister Himanta Biswa Sarma said the Rs 27,000-crore semiconductor plant approved for the state by the Union Cabinet on Thursday will be a game-changer for the economy of the entire North East region. The plant will trigger a new Industry 4.0 revolution in the state, he added. The Union Cabinet approved setting up three semiconductor-making units at an investment of Rs 1.26 lakh-crore as part of an attempt to cut India's dependence on imports to meet requirements of chips, of which one will be in Assam. Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) will set up a semiconductor unit in Morigaon, Assam, at an investment of Rs 27,000 crore. It will have a capacity of 48 million chips per day for automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Construction of the three units will begin within the next 100 days, Telecom Minister Ashwini Vaishnaw told reporters after the cabinet meeting. "People of Assam will remain eternally grateful

Govt has received semiconductor proposals worth $26 billion: Chandrasekhar

The government will soon announce the Bharat Semiconductor Research Centre, according to the Minister

India now key semiconductor player, investment proposals received: MoS IT

India has made significant strides in the semiconductor sector in the last two years during which the government received investment proposals of Rs 2.50 lakh crore from global chip makers, Union minister Rajeev Chandrasekhar has said. In the last 10 years, India has moved out of the league of 'Fragile Five' and become the world's fifth largest economy, the Minister of State for Electronics & Technology said. Speaking at the 'Viksit Bharat Ambassador Meet' organised in Pune on Wednesday, Chandrasekhar said India has become a source of inspiration for countries across the world in terms of its inclusive policies. "We have become a beacon of hope and inspiration for countries across the world in terms of our inclusive policies, in terms of how you transform governance and make governments work for people. In the next few years, the prime minister has set a target for India to become 'Viksit Bharat'," he said. Talking to reporters on the sidelines of the event, Chandrasekhar said ...

Tower's foundry plan may get up thumbs up from Cabinet today: Report

Along with Tower, the Cabinet is also likely to approve the proposals of the Tata Group and the joint venture between HCL Group and Foxconn Group

'India key semiconductor player, Rs 2.50 trn investment proposals received'

India has made significant strides in the semiconductor sector in the last two years and during this period, Rs 2.50 lakh crore worth of investment proposals have been received by the government from global chip makers, said Union Minister of State for Electronics & Technology Rajeev Chandrasekhar on Wednesday. He said India has become a source of inspiration for countries across the world in terms of its inclusive policies. Speaking at the 'Viksit Bharat Ambassador Meet' organised in Pune, Chandrashekhar said in the last 10 years, India has moved out of the league of 'Fragile Five' and become the world's fifth largest economy. "We have become a beacon of hope and inspiration for countries across the world in terms of our inclusive policies, in terms of how you transform governance and make governments work for people. In the next few years, the Prime Minister has set a target for India to become 'Viksit Bharat," he said. Talking to reporters on the sidelines of the event, ...

Electronics manufacturing will need over 4 mn people: Civil servant

Semiconductors emerging as 'big sector' in country as more investments come in, he says

Taiwan's TSMC opens its first plant in Japan as part of global expansion

Chip giant Taiwan Semiconductor Manufacturing Co. opened Saturday in an official ceremony its first semiconductor plant in Japan as part of its ongoing global expansion. We are deeply grateful for the seamless support provided by you at every step, TSMC Chairman Mark Liu said after thanking the Japanese government, local community and business partners, including electronic giant Sony and auto-parts maker Denso. The company's founder Morris Chang, was also present. This comes as Japan is trying to regain its presence in the chip production industry. The Japan Advanced Semiconductor Manufacturing, or JASM, is set to be up and running later this year. TSMC also announced plans for a second plant in Japan earlier this month, with production expected to start in about three years. Private sector investment totals USD 20 billion for both plants. Both plants are in the Kumamoto region, southwestern Japan. Prime Minister Fumio Kishida sent a congratulatory video message, calling the plant

Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street

The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277 billion on Thursday - Wall Street's largest one-day gain on record

Govt's stance on data transfers at WTO troubles chip industry giants

Developing nations like India, South Africa and Indonesia are set to oppose efforts by US and Europe to extend the moratorium. If no agreement is made, the moratorium would expire this year

HCLTech, Intel Foundry expand collaboration for semiconductor innovation

HCL Technologies (HCLTech) is expanding a longstanding collaboration with Intel Foundry to co-develop customised silicon solutions for semiconductor manufacturers, system OEMs (Original Equipment Manufacturers), and cloud services providers to enhance foundry services, according to a release on Thursday. The partnership brings together HCLTech's design expertise with Intel Foundry's advanced technology and manufacturing capabilities to establish a resilient and diversified supply chain, marking a new era of innovation and excellence. The collaboration aims to meet increasing global demand for semiconductor manufacturing, catering to the diverse silicon needs of clients, by providing them with a robust and inclusive ecosystem for semiconductor sourcing, it further said. "Intel Foundry's advanced technologies and silicon-verified IPs in manufacturing and advanced packaging strengthen our delivery of innovative, accessible, and diverse solutions to our mutual clients," Vijay Guntur, ..

We will see 2-3 more fab plants get approved soon: Ashwini Vaishnaw

In 2021, the Union Cabinet had approved the semicon India programme with a financial outlay of Rs 76,000 crore for the development of a semiconductor and display ecosystem

Wipro announces collab with Intel Foundry for chip design innovation

The collaboration comes amid rising demand for artificial intelligence chip manufacturing, Wipro said

Tata Group in talks with two Taiwanese companies for chip plant in Dholera

Tata Group has also reportedly finalised the details of the land and will break ground soon

Two multi-billion dollar semiconductor plants to come up in India: MoS IT

Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a USD 8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. "I am happy to share this with you and you are probably the first one I'm sharing this with. In the near term, two full-blown fabs are going to come up in India. These are going to be multi-billion-dollar fabs in the 65, 40 and 28-nanometer technology and there are going to be a host of other packaging proposals that we are evaluating," Chandrasekhar said. He was responding to a question on USD 8 billion investment proposal submitted by Tower Semiconductors and the status of India's semiconductor roadmap. The minister said that the project will be approved in the thi