SEMICONDUCTOR ASSEMBLY

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.

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.

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.

How China rose to lead the world in cars and solar panels

Heavy subsidies for industry, together with weak sales in China, have set the stage for an export boom, raising fears of factory job losses elsewhere

Electronics companies seek Rs 35,000-crore incentive plan for components

"The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032," the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said.

US extends some Chinese tariff exclusions, but many to fall away

The exclusions were previously scheduled to expire May 31, but USTR said it was extending the exclusions through June 14 to allow for a transition. It said certain exclusions would be extended through May 31, 2025 to support efforts to shift sourcing out of China, or provide additional time in cases where availability of the product outside of China remains limited.

Govt asks Israel’s Tower to rework chip fab proposal

The government requested Tower Semiconductor to revise its proposal for a chip fab unit. The government seeks the Israeli company to collaborate with a technology partner boasting superior chip-making capabilities and the ability to manufacture using more advanced processes.

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.

Kaynes' strength in mainstays to keep its stock at a premium

Mysuru-based Kaynes Technology's revenue grew by 75% year-on-year to ₹637 crore in the March quarter which helped the full-year revenue to grow by 60% to ₹1,804 crore.

Chipping in: N Chandrasekaran to chair Tata Electronics

Chandrasekaran will take over from Banmali Agrawala who has held the post for the last few years. Chandrasekaran who is already chairman of many key Tata group companies will take charge after requisite regulatory approvals. Agrawala, a key Tata Sons aide, has taken on an advisory role recently in the group.

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.

Semiconductors likely in for another massive boost as India tries to make up for lost time in chipmaking

The 76,000-crore incentive package was launched in December 2021 to support companies making semiconductors and investing in them. That amount has been nearly exhausted, necessitating a fresh boost for India's big chip plan. And indications are that the coming plan will likely be much bigger in scale.

First chip out of semiconductor unit in Assam’s Jagiroad will be rolled out by 2025: Assam CM Himanta Biswa Sarma

Assam CM Sarma unveiled the Rs 27,000 cr Tata semiconductor facility in Jagiroad, aiming to empower Northeast youths in AI and semiconductors. The microchips will be used in Tesla vehicles, supported by the Union Cabinet for construction.

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.

Northeast among biggest gainers of GST, says Finance Minister Sitharaman

Speaking at the Indian Institute of Technology in Guwahati, Sitharaman said the compounded annual growth rate (CAGR) of GST revenue of the north-eastern states has been 27.5% since its introduction in 2017-18. This was way above the CAGR of 14.8% under the earlier indirect tax regime. Elevated tax mop up has enabled these states to spend more on development programmes, she added.

Tata Electronics to set up semiconductor assembly and test facility in Assam, says Chief Minister Himanta Biswa Sarma

Prime Minister Narendra Modi on Wednesday virtually laid the foundation stone for the Tata Group's Rs 27,000-crore indigenous "Semiconductor Assembly & Test Facility" at Jagiroad in Morigaon district. This apart, the Prime Minister also laid the foundation stones for the Tata-Powerchip Semiconductor Manufacturing's "Semiconductor Fabrication Unit" at Dholera and that for the CG Power-Renesas outsourced assembly and test (OSAT) facility at Sanand, both in Gujarat. The combined investment of the three semiconductor chip production/assembly facilities comes to around Rs 1,26,000 crores.

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.

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.

China's chip assembly firm JCET to buy stake in Western Digital facility

SanDisk Semiconductor Shanghai makes products such as iNAND flash memory modules and MicroSD components used in telecommunications, automobiles and consumer devices, JCET said in a filing.

Microchips manufactured at Assam Tata facility to be used in Tesla cars, says Himanta Biswa Sarma

Tata Semiconductor Assembly and Test Pvt Ltd (“TSAT”) will set up a semiconductor unit in Morigaon, Assam. This unit will be set up with an investment of Rs.27,000 crore.

Microchips from Assam's Tata facility to be used in Tesla cars, says Himanta Biswa Sarma

Two full-blown multi-billion dollar semiconductor plants going to come up in India: MoS IT

"I am happy to share this with you and you are probably the first one I'm sharing this with. In the near term, two full-blown fabs are going to come up in India. These are going to be multi-billion-dollar fabs in the 65, 40 and 28-nanometer technology and there are going to be a host of other packaging proposals that we are evaluating," Chandrasekhar said.