PSMC
More Taiwanese ICT suppliers may relocate to India in near future, says official
Anticipating the Taiwan Expo 2024, Chend envisions a robust platform for showcasing products and fostering business opportunities to enhance Taiwan-India trade relations, reflecting the significant growth in economic cooperation between the two nations.
India, US agree to step up cooperation on semiconductors, critical minerals
India and the US have deepened their cooperation on supply chain, semiconductors, and critical minerals during the iCET meeting in New Delhi. They launched a new strategic semiconductor partnership to co-develop processes for precision-guided ammunition. The partnership also aims to build India's semiconductor and ICT ecosystem. Additionally, they agreed to work together on ensuring a reliable supply of critical minerals, including co-investing in lithium and rare earths projects. Both countries are also establishing an Advanced Materials R&D Forum and exploring collaborations in technologies for critical minerals.
Canon in talks with Indian, global players to supply chip making machine
Canon is exploring partnerships with Indian and global players for semiconductor lithography equipment essential in chip fabrication, aiming to challenge ASML. The company is in talks with semiconductor firms investing in India, including Tata Group and PSMC. Canon also launched Canon Medical Systems India to meet the rising demand for medical equipment, targeting key markets like Chennai, Hyderabad, and Mumbai.
Zoho applies for semiconductor manufacturing facility in India
Software company Zoho, aiming to tap into India's aspirations to become a global semiconductor player, has applied with a partner to set up a semiconductor manufacturing facility in India. Co-founder Sridhar Vembu confirmed the move, citing a stringent evaluation process. The initiative aligns with India's semiconductor manufacturing incentive plan.
India’s electronic manufacturing service industry is humming — now to stick to the flight path
India's competitiveness will depend on continuing reforms, de-bureaucratisation, contract enforcement, effective dispute resolution mechanisms, last-mile facilitation, building of sectoral ecosystems, and governance law and order stability.
Tata Electronics begins export of semiconductor chip samples from Bengaluru centre
Tata Electronics, a company based in Bengaluru, India, has begun exporting small amounts of semiconductor chips. This is a significant step that could improve India's ability to produce these important components. The chips are being packaged at a pilot production line located at Tata Electronics' research and development center. This information comes from people with knowledge of the situation but who do not want to be identified publicly.
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Unicorn sightings slump; Tata’s chip exports
Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns aren’t being birthed. This and more in today’s edition of ETtech Morning Dispatch.
A Tata-Tesla deal has just won India a big strategic edge
Tata's likely deal with Tesla to supply semiconductor chips marks a major milestone for India, enhancing its strategic power globally. As countries invest in semiconductor manufacturing, India's focus on legacy chips positions it as a reliable supplier in the global chip value chain, contributing to its self-reliance and influence.
Chip off the old Taiwanese block
The recent earthquake off Taiwan's east coast highlights the risks of concentrating chip-making capacity in one territory. While initial reports suggest no immediate impact on supply chains, the incident underscores the need for diversification. Chipmakers are already accelerating plans to diversify beyond Taiwan due to factors like the Covid outbreak and tensions with China. India, with its ambitions in chip manufacturing, offers an interesting proposition for Taiwanese chipmakers and could play a crucial role in diversifying the global semiconductor supply chain.
MediaTek lauds India plan to start with mature nodes
Tata-Powerchip Semiconductor Manufacturing Corporation (PSMC) is setting up a chip plant at an investment of Rs 91,000 crore, while Tata Semiconductor Assembly and Test Private Limited (TSAT) is setting up a unit with Rs 27,000 crore investment.
Govt spots missing bits in HCL, Foxconn chip JV, seeks details
Wants info on OSAT unit, tech partner and technology transfer deal between the partners.
Regulatory actions prompt rethink among fintechs; and other top startup stories this week
Fintech industry faces regulatory challenges, affecting players like Paytm Payments Bank. Market dynamics shift with increasing regulatory scrutiny. Fintech startups adapt to changing landscape and consumer-focused regulations, emphasizing compliance and strategic recalibration.
Day not far when India becomes global semiconductor hub: PM Modi
Modi on Wednesday laid the foundation stone for India’s first pure-play commercial semiconductor chip manufacturing foundry by the Tata Group at Dholera in Gujarat.
PM Modi lays foundation stone of India's first commercial semiconductor fabrication facility
The three projects are expected to mark India’s entry into the domain of commercial chip fabrication units. Dholera will be the first commercial semiconductor fabrication facility in the country. It may be noted here that Modi govt has put in significant effort lately make India a global hub for semiconductor design, manufacturing and technology development.
Digital lenders’ play for MSMEs; Ola Electric to launch e-autos
MSME-focused digital lenders are increasingly gaining traction as banks slow down on unsecured consumer loans. This and more in today’s ETtech Morning Dispatch.
First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang
Frank Huang, chairman of PSMC, told ET that the first semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026.
PM Modi to lay foundation stone for Rs 91,000 crore Tata-PSMC chip plant
ET had reported on March 6 that the government was likely to hold the groundbreaking ceremony of all three units simultaneously, within a fortnight of the project’s receiving the Union Cabinet nod.
Government to boost funds for India Semiconductor Mission, says MeitY Secretary
In 2021, Prime Minister Narendra Modi's government launched the India Semiconductor Mission (ISM) with an outlay of ₹76,000 crore for semiconductor manufacturing, packaging, and design units. The scheme for setting up of semiconductor fabrication units in India offers fiscal support of up to 50% of the project cost on a pari-passu basis to the approved applicants.
Cabinet greenlights Tata’s Rs 91,000-crore chip foundry proposal
Tata Electronics' Rs 91,000-crore project will be set up in Gujarat’s Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw said in a press briefing on Thursday.
Tata Investment Corporation shares jump 21% in 4 days after approval for semiconductor plants
Tata Investment Corporation Share Price: Tata Investment Corporation shares were locked in the 5% upper circuit for the third session. The multibagger stock has given over 100% returns to its investors in the last 3 months and more than 240% in the last six months. The recent surge comes on the back of Cabinet approval to set up 2 semiconductor plants.
Tata Investment Corporation rises 5%, hits 52-week high as group gets nod to set up 2 semiconductor plants
Tata Investment Corporation Share Price: Tata Investment Corporation shares climbed over 5% as the Union Cabinet approved semiconductor plant proposals by Tata Group. The plants will be set up in Gujarat and Assam. Tata Sons plans to invest over $120 billion in new business areas.
Payment firms and KYC compliance; Cabinet nod for Tata chip unit
Despite the regulator’s insistence on adhering to prescribed norms, many payment firms seem to be lax in conducting bank-grade KYCs. This and more in today’s ETtech Morning Dispatch.
Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved
Tata Sons' anticipated capital infusion into new business areas and group priorities - semiconductors, defence, electric vehicles, and Air India, for instance - is set to exceed $120 billion in the coming years, sources told ET.
Tata chip unit to be announced soon: Chandrasekaran
The conglomerate has taken bets for the future - be it Air India or its electronics and semiconductor play, Chandrasekaran said while delivering the 20th Anantharamakrishnan memorial lecture on "India's Leadership in a Pivotal Decade" after being conferred with the MMA-Amalgamations Business Leadership Award 2023. He did not elaborate on plans for the semiconductor fab unit.
India chip strategy makes progress with $21 billion in proposals
Semiconductors have grown into a key geopolitical battleground, with the US, Japan and China investing heavily in developing domestic capabilities. Modi’s push to turn India into a global manufacturing hub also includes luring global chipmakers to the country — a bid to catch up in the sector to save money on expensive imports and enhance a growing smartphone assembly industry.
Tata Investment Corporation's share price zooms 33% in 8 days. Here's why
The stock has been on the rise since the beginning of February following reports that the government has received nine bids from companies including Tata Group and Tower Semiconductor for the overhaul of its Semiconductor Laboratory (SCL) in Mohali.
Tata Group looking for Taiwanese partner for Dholera semicon plant
In a phased approach, the Indian conglomerate intends to initiate semiconductor production with established 65 nm technology. They will subsequently progress to 48 nm and ultimately 28 nm nodes within a few years. To have a strong technology partner with licence grade semiconductor manufacturing technology is key to the success of Tata's ambitious project.
Inside Flipkart’s top-deck churn; FM to meet fintechs
At least four senior vice-presidents (SVPs) at Flipkart including Ayyappan R, head of travel booking website Cleartrip; Amitesh Jha, who leads marketplace and categories; fintech and payments head Dheeraj A; and Bharath Ram, who spearheads growth and retention at the web retailer, are likely to be leaving the company, according to multiple people in the know.
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