SEMICONDUCTOR ASSEMBLY
Uttar Pradesh receives proposals worth Rs 40,000 crore under new semiconductor policy
The Uttar Pradesh government said it has received project proposals worth over Rs 40,000 crore under its new scheme to incentivise semiconductor manufacturing. It also aims to rope in global investors.
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.
Chinese chipmaker Nexperia invests $200 million in European expansion
Nexperia makes 100 billion such chips annually, nearly a quarter of the world's supply. These chips are preferred over traditional silicon chips due to their enhanced efficiency, speed, lightweight nature, and capability to operate effectively in high temperature and high voltage conditions, which are crucial in electrical infrastructure applications.
Karnataka ready to offer 20% subsidy for semiconductor investments, says minister, seeks Centre's support
Karnataka is prepared to offer 20% subsidy support for investments in semiconductor projects if the Centre provides 50% equity support, as stated by state's industry & infrastructure minister MB Patil.
Karnataka seeks Centre's support for semiconductor investments akin to Gujarat
Industries & Infrastructure Minister MB Patil seeks support for semiconductor investments in Karnataka similar to the support received by Micron Technology in Gujarat under the Indian Semiconductor Mission. Micron is investing $2.75 billion in an ATMP plant with government subsidies. Kumaraswamy and Kharge have also commented on the investment.
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.
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
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.
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.
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.
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.
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.
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