Page 6 - Semiconductor Industry

L&T Semiconductor to sign contracts with 6 automobile companies by Sept

BENGALURU (Reuters) - India's L&T Semiconductor Technologies will sign contracts with six automobile companies by the end of September, making them its first clients, the company's chief executive said on Tuesday.

How a sleepy Czech town is helping Europe compete in the global chip war

Roznov was best known for its rum-drizzled sweet pies and open-air museum showing off historical wooden houses, then US chipmaker ON Semiconductor picked it for a new $2 bn manufacturing hub in June

Tata's Assam plant to make 48.3 mn chips per day with native tech: Vaishnaw

Tata Group's semiconductor plant in Assam will produce 4.83 crore chips per day using indigenously-developed technologies, Union minister Ashwini Vaishnaw said on Saturday. Assam Chief Minister Himanta Biswa Sarma and Chairman of Tata Sons Limited N Chandrasekaran on Saturday performed the Bhumi pujan of the Rs 27,000-crore semiconductor assembly and test facility at Jagiroad in Morigaon district. The project was approved by the Union Cabinet chaired by Prime Minister Narendra Modi on February 29, 2024. "The construction of the plant has started in short span of five months after the project was approved. It will manufacture about 4.83 crore chips per day. The unique thing about this plant is that all the three major technologies which will be deployed in this plant are developed in India," Vaishnaw said. The minister said that the chips manufactured at the Tata plant will be used in vehicles including electric vehicles, and practically every large company will be using their ...

Tata's Rs 27,000 cr chip plant in Assam operational by 2025: Chandrasekaran

Tata Electronics' Rs 27,000-crore chip assembly plant in Assam will create 27,000 jobs and is expected to become operational in 2025, Tata Sons Chairman N Chandrasekaran said on Saturday. Speaking on the occasion of chip plant's Bhumi Pujan ceremony, Chandrasekaran said that the company has already employed 1,000 people from Assam and as the facility expands it will bring entire semiconductor ecosystem companies. "At its capacity it will employ 27,000 people, 15,000 direct jobs and additional 12,000 indirect jobs. We want to move fast. We are trying to accelerate the building of this factory. We hope sometime in 2025 we will be able to complete this facility and quickly start operations," Chandrasekaran said. Already we have 1,000 people who have been employed from Assam. He said the other semiconductor ecosystem companies will start as supplier but gradually they will set up units in the country. The ceremony was attended by Assam Chief Minister Himanta Biswa Sarma who said it wa

Assam CM lauds PM, Tata Sons for Rs 27,000 cr semiconductor plant

Assam Chief Minister Himanta Biswa Sarma on Saturday asserted that it was a 'golden day' for the people of Assam as Bhumi pujan was performed for the Rs 27,000 crore semiconductor assembly and test facility at Jagiroad in Morigaon district. Sarma thanked Prime Minister Narendra Modi and Tata Sons Limited for taking the initiative to set up the semiconductor assembly and test facility at Jagiroad. The chief minister assured the Chairman of Tata Sons Limited N Chandrasekaran that the company will face no difficulty in setting up this industry and the people of Assam will always be grateful for this facility. 'The setting up of this facility will herald industrial development in the state leading to employment opportunities for the youth', Sarna said after participating in the Bhumi pujan of the facility here. He said that it was due to the initiative of Prime Minister, Union Finance Minister Nirmala Sitharaman and Electronics Minister Ashwini Vaishnaw that this facility became ...

Assam CM Sarma to perform Bhumi Pujan of semiconductor plant at Jagiroad

The Bhumi pujan of the Rs 27,000 crore semiconductor assembly and test facility in Assam's Morigaon district will be performed by Chief Minister Himanta Biswa Sarma on Saturday in the presence of Tata Sons Chairman N Chandrasekaran. The Tata semiconductor assembly and test facility will be India's first semiconductor assembly and test facility. 'Look forward to be in Jagiroad shortly and initialise work on the semiconductor facility by performing the Bhumi Pujan of the plant", Sarma posted on X. The Chief Minister's Office (CMO) in another post on X said, "Today is a historic day for Assam as HCM Dr@himantabiswa will perform the Bhumi Pujan of the Tata Semiconductor Assembly and test facility at Jagiroad'. 'Once operational, it will transform the industrial landscape of Assam and herald a new era of growth', the CMO said. Prime Minister Narendra Modi had virtually laid the foundation stone of the facility on March 13 this year. The greenfield project of Tata Electronics at Jagiro

Samsung chips boss Young-hyun warns of vicious cycle unless changes made

The executive's communique reflects frustration over Samsung's missteps in the hot new market of supplying memory chips for Nvidia Corp

TSMC set to report a strong profit but Trump's comments pummel its stock

While TSMC's stock - and the broader Taiwan market - has reached record highs, it began slumping after Trump's comment that "Taiwan took 100% of our chip business"

Asian chip stocks tumble on fear of US mulling tighter curbs on tech export

Among the worst hit were shares of Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, which has shed roughly $61.35 billion in market value over two days

Taiwan Prez Lai Ching thanks Micron CEO for his trust, investment in island

Lai thanked Mehrotra for showing trust and support for Taiwan in video released by the president's office

Japanese company Horiba plans to set up a unit in India for fab players

Facility to mirror scale of Horiba's Kumamoto plant in Japan

India to become global player in semiconductor industry: IT secretary

India has the talent and deep expertise to become a global player in the semiconductor industry which is a vital sector for the country, Ministry of Electronics and Information Technology, Secretary, S Krishnan said. The government was helping industries to create the ecosystem to build the semiconductors, he said. Krishnan made those comments at a conference organised by fabless semiconductor firm iVP Semiconductor Pvt Ltd here on Saturday. Global management consulting firm McKinsey has predicted that the semiconductor industry is expected to become a trillion dollar industry worldwide, while India Electronics and Semiconductor Association (IESA) estimates the sector to touch USD 100 billion by 2030. India is rapidly becoming one of the biggest markets for electronics, automotive, Electric Vehicles and a significant hub for technical expertise. "The semiconductor industry is vital for the country and India has the talent, deep expertise and scalability to be a global player. The

iVP Semiconductor aims for revenue of $70-100 million in next 3-4 years

Fabless semiconductor startup iVP Semiconductor Pvt Ltd has plans to set up a production test facility as part of its drive to produce semiconductor chips in the domestic market, a top official said. The company has also secured USD 5 million in a pre-series A Funding for its expansion plans, Co-founder and CEO Raja Manickam said. An industry veteran, Manickam said his aspiration was to first serve the clients in the domestic market and later expand the company to become a 'global brand.' "Today domestic semiconductor industry is being served by several global companies. I want to serve the industry as an Indian company. iVP Semiconductor is an Indian company and it would become a global brand." he said. The company would focus on power sector including renewable energy, solar industry, wind energy. "We are going to be competitors to existing players with most of them being global companies," he said. To a query, he said the company would set up a production test facility in Chen

Maharashtra govt in talks with 3 firms for semiconductor plant: Fadnavis

The Maharashtra government was in talks with three companies to set up a semiconductor plant in the state, deputy Chief Minister Devendra Fadnavis said here on Saturday. He was speaking after inaugurating, along with Union minister Nitin Gadkari, a medical equipment and consumables manufacturing facility of HORIBA India in Butibori area. HORIBA India is a subsidiary of HORIBA Ltd, a Japanese firm. Fadnavis thanked HORIBA chairman Atushi Horiba for setting up manufacturing units in Pune and Nagpur. The Maharashtra government was in talks with three companies including HORIBA to set up semiconductor facilities in the state, he said, and proposed that HORIBA set up a semiconductor plant in Nagpur. Land will be kept reserved for the same, he said. Speaking on the occasion, Union minister Gadkari thanked HORIBA India for starting its plant in the city. HORIBA India in a press release said the Nagpur plant will have an investment of about Rs 200 crore in a phased manner and will serve

This smallcap stock has surged 10% in two days; check details here

Notably, the stock has soared 10.23 per cent in the last two trading sessions

South Korea's SK Hynix plans to invest $75 billion on chips through 2028

SK Hynix's HBM chips are optimised for use with Nvidia Corp.'s artificial intelligence accelerators

South Korea's SK Group considers asset sales, mergers as part of overhaul

The group, best known for its chip firm SK Hynix , has become bloated over the past decade and its electric vehicle battery unit has lost billions of dollars

Semiconductor firm MosChip stock up 150% in June; will the rally continue?

MosChip hit a new all-time high at Rs 320.80 on Friday June 21. The stock may witness some consolidation in the near-term, post which a rally to Rs 395 levels seems possible, chart shows.

Amid shortage of professionals, chipmakers ramp up campus engagement

Companies such as Intel India, AMD, Applied Materials India, and Tessolve are collaborating with students and staff on practical projects and setting up labs at institutions such as IIT-Bombay

This semiconductor stock has nearly doubled thus far in the month of June

MosChip Technologies share price has rallied 44% in 4 days after the MeitY approved its application under Semiconductor DLI scheme