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    India has deep expertise, scalability to become global player in semiconductor industry: IT secretary

    Information Technology, secretary, S Krishnan said the government was helping industries to create the ecosystem to build the semiconductors. "The semiconductor industry is vital for the country and India has the talent, deep expertise and scalability to be a global player," Krishnan added.

    ITC packs a punch, beats Britannia in foods business

    ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports.

    Priyank Kharge meets IT minister Ashwini Vaishnaw, requests Centre's support for state's chip firms

    Karnataka IT minister Priyank Kharge met Ashwini Vaishnaw, union IT minister, to seek support for the state's semiconductor and electronics space. Kharge said that the State has the highest share of 46% in India in housing innovative companies and contributes 10% of India's industrial output.

    Synopsys will help Tata Electronics design custom chips

    US-based chip design company Synopsys will help Tata Electronics in multiple aspects of its fab facility—India’s first—coming up in Gujarat and its assembly and testing unit in Assam, chief executive Sassine Ghazi told ET. Ghazi also met with Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.

    How state governments are chipping in with housing support at new semiconductor hubs

    State governments in Assam, Gujarat, and Tamil Nadu are supporting upcoming electronics and semiconductor manufacturing hubs by providing infrastructure, including housing for workers. The Tata Group is building mega-housing projects, hostels, and dormitories with subsidised land from Assam and Gujarat governments. In Tamil Nadu, the government is assisting the housing project at the Hosur plant where Tata Electronics assembles iPhone enclosures.

    Japan's Advantest says AI demand boosting memory tester business

    HBM, a type of high performance memory where chips are stacked to save space and reduce power consumption, is used when processing the large amount of data needed for AI tasks.

    The Economic Times
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