SEMICON INDIA
Bluestone’s new investors; states & semicon hubs
Happy Tuesday! New investors are finalising Bluestone’s pre-IPO funding round. This and more in today’s ETtech Morning Dispatch.
Centre eyes dedicated R&D wing under semicon research centre
Government plans R&D wing at India Semiconductor Research Centre (ISRC) for semiconductor research with a focus on industrial production, public-private partnerships, and intellectual property rights-driven manufacturing ecosystem. The project aims for next-gen semiconductor development and involves higher education institutes like IIT Bombay and IIT Gandhinagar.
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.
ET exclusive: Tata Electronics seals semicon deal with Tesla
The US-based electric vehicle (EV) major is keen to enter India, the world’s fastest-expanding major automotive market. Tesla promoter Elon Musk is reportedly visiting India this month for a meeting with Prime Minister Narendra Modi. Musk is expected to announce potential Indian investments, including a commitment of funds toward EV manufacturing facilities. His firm is the world’s largest automotive company by market value.
How India is spreading itself across the chip-making value chain
India's semiconductor ambitions have taken a significant leap with Prime Minister Modi inaugurating three new manufacturing and assembly facilities in Gujarat and Assam. With a strong focus on becoming a global semiconductor hub, India aims to establish a robust presence across the chip value chain.
Kaynes SemiCon OSAT to move from Telangana to Gujarat: Sources
Kaynes broke ground in Kongara Kalan near Hyderabad in October last year and proposed to invest Rs 2,850 crore there.
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We are getting ready to be a global player, says Jairam Sampath of Kaynes Technology
Jairam Sampath, CFO of Kaynes Technology, discusses the company's semiconductor business and its plans for becoming a completely integrated EMS player. The approval process is in the final stages, and the company is confident in its ability to generate returns and achieve long-term growth through partnerships and collaborations. They are one of the first globally to have considered semiconductor assembly as well as the high-density interconnection PC boards and this will yield results in 5 to 10 years. .
With 5x the investment, India will be among top semicon producers by 2028: IT minister Ashwini Vaishnaw
In an interview with ET, minister for electronics and IT, communications and railways Ashwini Vaishnaw said the government will be focused on execution of India’s first semiconductor fab project, by the Tata group, along with two other chip assembly proposals, in record time.
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 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.
Foxconn ties up with HCL for local semicon assembly
Foxconn has formed a partnership with HCL Group for semiconductor assembly and testing, which is the second attempt by the Taiwanese company to enter the chip-making space in India.
In works: Rs 10,000 crore sop scheme for chip ancillaries
The pari-passu or equal footing method for disbursal of incentives is one where the government releases the funds to successful applicants as and when they invest or achieve certain milestones.
Kaynes SemiCon investing Rs 2,850 crore in semiconductor assembly in Telangana
Kaynes SemiCon will also invest Rs 83.28 crore in a research and development facility for silicon photonics for co-packaged optics in Mysuru. Parent Kaynes Technology is also making an investment of Rs 750 crore in Mysuru for a bare board printed circuit board plant.
Why is engineering behemoth L&T chasing Vedanta & Tata's semicon ambitions
Larsen and Toubro (L&T), a major engineering firm, is venturing into fabless semiconductor chip design, emulating other Indian conglomerates like Vedanta and Tata Group. L&T will invest Rs 830 crore through a wholly-owned subsidiary dedicated to chip design for the automotive and industrial sectors. L&T's CFO, R Shankar Raman, reveals the company's strategic shift towards seeking alternative business opportunities for the future
First semicon fab expected within a year, focus on components where India can lead: Vaishnaw
India is set to establish its first electronic chip manufacturing plant within a year, with a government incentive of $10 billion. The focus will be on developing and manufacturing chips for the telecom and electric vehicle sectors, as these are emerging areas with potential for global leadership. The success of US-based storage chip maker Micron's investment in India has boosted confidence in the country's capabilities.
Domestic electronic manufacturing rises to Rs 8.25 lakh crore; semicon import at Rs 1.29 lakh crore in 2022-23
"As a result of several initiatives taken by the Government and efforts of the industry, the domestic production of electronic goods has increased substantially from Rs 3.88 lakh crore (USD 60 Billion) in 2017-18 to Rs 8.25 lakh crore in 2022-23 (USD 101.9 billion) at a Compound Annual Growth Rate (CAGR) of 16.28 per cent," the minister said.
India’s ‘neutral’ position will help attract more chip companies: NXP Semiconductors' Hitesh Garg
Over the last two months, semiconductor majors such as Micron, Applied Materials, AMD, and Lam Research, among others have announced their plans to expand presence in India.
India to sign 2 mega units deals to manufacture the silicon fab, says govt
India plans to sign agreements by October-November for up to two mega units to manufacture the silicon fab and compound fab units, according to a statement from the Indian government. Several foreign companies recently visited Gujarat to expand semiconductor production and invest in the factory, which is estimated to generate sales worth $110 billion by 2029.
Positive about India's semiconductor approach: Applied Materials
Semiconductor toolmaker Applied Materials is optimistic about India's semiconductor approach, according to Srinivas Satya, Country President at Applied Materials India. India is making a push for electronics production and is wooing semiconductor and display manufacturers with a $10 billion incentive scheme.
Important for world that India emerges as trusted, resilient partner in semiconductor sector, says Union minister; hails PM's vision
It is important for the world to see India emerge as a trusted, resilient partner in the electronics and semiconductor space, Union Minister Rajeev Chandrasekhar said here on Saturday, and asserted the world wants to partner with India for the country to grow its footprints in the semiconductor ecosystem. Talking to PTI on the sidelines of the Semicon India 2023 event organised at Mahatma Mandir here, he said Prime Minister Narendra Modi's vision for the sector is to create more and more opportunities for young Indians studying in colleges.
Semicon India 2023: India will soon become global player in semiconductor industry, says Gujarat CM
Gujarat Chief Minister Bhupendra Patel has expressed confidence that India will soon become a leader in the semiconductor sector under the leadership of Prime Minister Narendra Modi, speaking at the Semicon India 2023 event. Patel said the Indian industry was growing under PM Modi's leadership, and due to his efforts in making India self-reliant, the country is achieving targets which once seemed impossible such as the semiconductor sector.
AMD's R&D plans for India to spur world-class semiconductor design, innovation ecosystem: Rajeev Chandrasekhar
US-based technology company AMD has announced it will invest $400mn in India over a five-year period and open its research and development centre in Bengaluru. The decision was welcomed by India's Minister of State for IT and Electronics, Rajeev Chandrasekhar, who said it will help develop a strong semiconductor design and innovation ecosystem in the country while providing opportunities for skilled semiconductor engineers and researchers and catalysing India's goal of becoming a global talent hub.
Prime Minister Modi to inaugurate 'Semicon India 2023' at Gandhinagar on July 28
"Semicon India, a prestigious national-level event, promises to be a catalyst for the semiconductor industry's progress through invaluable networking, technology demonstrations, and lucrative business prospects. With a strong focus on innovation, participation, and growth, this event holds immense significance in shaping the future of the semiconductor industry in both India and Gujarat," a statement said.
India and Japan ink pact to foster semicon ecosystem
"It has been agreed that India and Japan will create an implementation organisation in which there will be opportunities for government-to-government as well as industry-to-industry collaboration," Vaishnaw said.
Vedanta-Foxconn JV applies again for Semicon sops
The company had earlier applied to receive incentives for making 28 nm chips. It has now modified its application to manufacture 40 nm chips and receive incentives in that category, a source said. Earlier this year in May, the IT ministry had revised the guidelines for applying for incentives and said the applicants would now be able to apply as and when they either have a production grade technology or have a partnership with such company.
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