ISMC MYSURU
HCL inching close to chip unit in Karnataka, investment estimated at $400 million
The group — best known for its $12.6 billion IT arm HCLTech — is in active talks with the state government, which has offered land both near the international airport in Bengaluru as well as in Mysuru.
HCL Group planning $300 million semicon foray: sources
The HCL Group is close to submitting a proposal to the Centre to set up an assembly, testing, marking, and packaging (ATMP) unit for semiconductors.
Chipping in: When, where and how
Here's a lowdown of everything that has transpired in the semiconductor industry as India tries to position itself as the hub of chipmaking amidst shaky geopolitical developments in other countries.
Karnataka’s BJP regime looks to Centre for fab unit nod ahead of assembly polls
Prime Minister Narendra Modi has already opened a few projects including a new terminal at the international airport in Bengaluru and an irrigation asset in Yadagiri and is scheduled to unveil some more in the run up to the election.
How did FTX fleece the world’s shrewdest investors?
In total, FTX raised $1.9 billion from 80 investors in just two years. The now-bankrupt company’s cap table reads like a list of the world’s top venture capital, private equity and hedge funds.
Nykaa CEO Falguni Nayar explains fashion foray; Tiger Global’s Scott Shleifer in India next week
Nayar spoke to us about the company’s journey towards a market listing, the massive swing from euphoria to caution for new-age tech stocks and Nykaa’s focus on its fashion and B2B businesses.
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ISMC Analog set to seal debt deal with five-bank consortium led by SBI
ISMC Analog, is close to sealing a debt deal with a five-bank consortium led by State Bank of India (SBI) for its $3-billion project near Mysuru, in Karnataka, multiple people aware of the development told ET.
Indian semiconductor race heats up as Reliance, HCL eye entry via ISMC
According to the current contours of the deal, ISMC Analog will “expand its board to include nominee directors to acknowledge the (new) investors”
Centre to decide on semiconductor fab by Feb: Karnataka IT minister
ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor.
Amazon to deliver third-party ecomm orders; ETSA winners to receive awards on Nov 19
This will make the US ecommerce major a direct rival to new-age logistics firm Delhivery, Xpressbees, Ecom Express and Flipkart's Ekart, which recently started onboarding external merchants to ship non-Flipkart orders.
View: $20 billion Vedanta-Foxconn deal shows chips are up for India
The ministry of electronics and information technology (MeitY) invited applications from January. The first round of applications for display and silicon fab schemes had a mid-February deadline, and two and three applications respectively were received in those categories. MeitY said that it will reopen those schemes only after decisions are taken on them.
Vedanta, Foxconn to set up fab & chip facility in Gujarat
While the supply shortage that gripped nations in mid-2020 has begun to ease, emerging economies including India are aggressively incentivising domestic manufacturing of semiconductor chips, including those used in smartphones and other electronic devices.
India charts strategy to enter global chip market, eyes homegrown tech
From a crippling shortage during the Covid pandemic, the supply of semiconductors has eased a little, but analysts predict the sector’s growth to slow through 2022. India is, however, assiduously wooing chip makers to set up shop.
ISMC seeks speedy semiconductor sops nod to start building by year-end
The letter, dated August 8, was addressed to the ISM, electronics and information technology minister Ashwini Vaishnaw and junior minister Rajeev Chandrasekhar, and Karnataka chief minister Basavaraj Bommai, among others.
Delay in semiconductor sop approvals due to headless ISM: sources
On an India visit, Tower Semiconductor CEO Russell C Ellwanger met Minister of State for Electronics and IT Rajeev Chandrasekhar on Monday, besides holding discussions with other officials in the ministry.
Tech giants plan self-regulation; PhonePe’s shareholding may mirror Flipkart’s after separation
The proposal is likely to be taken up for detailed discussion with the Ministry of Electronics and Information Technology by the end of this week or the next week, the sources said.
Vedanta-Foxconn joint venture told to give info on chip expertise
Companies need to demonstrate clear expertise in the specialised field of semiconductor manufacturing to qualify for incentives under India's ambitious Rs 76,000 crore scheme aimed at creating a comprehensive semiconductor ecosystem.
Tamil Nadu bags IGSS ventures’ Rs 25,000 cr semiconductor park
The group would set up the hi-tech park and a semiconductor fab unit spread across 300 acres at an investment of Rs 25,600 crore over the next five years and the facility is expected create 1,500 direct jobs once it becomes operational.
Semiconductor plant approval: IT ministry squints at operational factors as industry hopes for speedy approval
The Ministry of Electronics and IT is looking for clear visibility into financial closure, including the capability to bear expenses over the first five years of operation, ministry officials directly aware of the discussions with applicants told ET.
Semiconductor packaging will take lead in supply chain localisation, say veterans
IIT-Madras director Kamakoti V and HCL founder Ajai Chowdhry said that packaging services — placing semiconductor wafers in casings and getting it ready for shipping -- would take off first, given its (the industry term for this is ATMP) relatively lower requirement in technology and investment.
Rajesh Exports readies investment for EV entry, in talks with states for display fab
Rajesh Exports moved higher in the global jewellery supply chain with the acquisition of Swiss refiner Valcambi in July 2015, taking its total capacity to 2,400 tonnes per year.
Rajesh Exports readies investment for EV entry, in talks with states for display fab
According to a recent government release, Rajesh Exports was among four companies — Ola Electric, Hyundai, and a Reliance company are the others —to win incentives under an Rs 18,100-crore central scheme to advance battery cell production in the country.
Vedanta-Foxconn talks with Karnataka on setting up chip unit stuck over sops
While the Indo-Taiwanese combine is willing to consider an investment of $ 20 billion, it is seeking 20% of the investment value or $ 4 billion back in the form of incentives and concessions, according to sources briefed on the matter. The expectation is based on back-of-the-envelope calculations on the indirect tax revenues that will accrue to the state over the long term after the unit becomes operational, they added.
Karnataka CM says, we will replicate our IT/BT success in semiconductor manufacturing
The strong R&D-based technology ecosystem is the reason why many others are also showing interest in Karnataka, Bommai said in a brief chat with ET after pulling off a coup by beating other states in landing the prestigious project.
CCI tweak could spark antitrust probes; Delhivery IPO soon, Sridhar Vembu on Elon Musk
While most startups delay their IPOs, logistics player Delhivery is likely to go ahead with its plan soon. This and more as we start the month of May.
ISMC Digital to invest $3 billion in chip-making unit in Karnataka
The JV said it would invest in a 65-nanometre analogue semiconductor fabrication plant in Mysuru. US-based chipmaker Intel is buying out Tower in a $5.4 billion deal.
Global chipmakers assessing plant locations in India: IT minister Ashwini Vaishnaw
According to Vaishnaw, India's democracy and talent pool set it apart from other countries fighting for chip sovereignty.
A semiconductor manufacturing plant in India: an elusive dream, so far
A global chip shortage in late 2020 had throttled supply chains across the globe, forcing its consuming industries ranging from phone makers to car manufacturers to scale down output.
Pushback on crypto ‘shadow ban’; Amazon to absorb Cloudtail, Prione employees
Now, many top banks which have blocked UPI for trading crypto based on “verbal instructions” from NPCI, want it to spell out the rules in writing.
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