SEMICONDUCTOR COMPANY
Accenture acquires Excelmax Technologies to expand semiconductor design services
Accenture acquired semiconductor firm Excelmax, adding 450 professionals and expanding into AI, automotive, and consumer devices. Following the XtremeEDA acquisition and $2.3 billion FY24 investments, CEO Patil cited new innovation opportunities. Group Chief Narain highlighted generative AI. Excelmax excels in design-to-layout execution, crucial for Accenture's comprehensive silicon solutions. Financial terms remain undisclosed.
More incentives for EVs; online discount bonanza coming up
India’s new EV policy may be amended to include incentives for automakers who already have a presence in the country. This and more in today’s ETtech Top 5.
Samsung R&D Institute-Bangalore renews office lease for 5 years
Samsung Research and Development Institute India-Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers. This lease renewal is set for a duration of five years, beginning in June this year, with a lock-in period until April 2027.
Kaynes, six others plan investment in Mysuru’s electronics cluster
State IT minister Priyank Kharge said Bengaluru will be the semiconductor design hub of the country but Mysuru will be a complementary cluster. Kaynes Technology has proposed an investment of Rs 150 crore on 20 acres land.
India has deep expertise, scalability to become global player in semiconductor industry: IT secretary
Information Technology, secretary, S Krishnan said the government was helping industries to create the ecosystem to build the semiconductors. "The semiconductor industry is vital for the country and India has the talent, deep expertise and scalability to be a global player," Krishnan added.
Indigenous Innovation: A blueprint for systematically achieving Viksit Bharat
India's digital economy is on track to reach $1 trillion by 2030 with a growth rate 2.8 times that of regular GDP. Leveraging the CHIPS framework and strategic partnerships, India aims to secure a prominent global position through sustainable practices, education initiatives, and robust data governance.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia, whose market capitalisation surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.
AI fever drives Nvidia's rise to world's most valuable company
Nvidia's market value soars with 1,100% share increase, fueled by AI fervor and rapid growth.
To address talent shortage, chipmakers skilling engineering students
Firms like Intel India, AMD, Applied Materials and Tessolve are teaming up students and employees to work on real-life projects, establishing labs in institutes like IIT-Bombay, driving industry-academia partnerships to conduct research in core design and AI training and sponsoring students pursuing research.
Karnataka IT minister meets Arm Holdings executive at London Tech Week
Karnataka IT minister Priyank Kharge met with a top executive from semiconductor company Arm Holdings at London Tech Week to discuss the company's plans in the State. They talked about semiconductor manufacturing, the global startup ecosystem, and more.
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.
China says it never uses EV subsidies barred by WTO
China's Foreign Ministry denies using subsidies banned by the World Trade Organization for electric vehicles (EVs), addressing concerns over its EV industry flooding the U.S. market. Spokesperson Mao Ning stated that China's success in the EV market stems from market laws and comparative advantages, not government subsidies.
Mark Mobius turns bullish on Chinese stocks amid recent rally
Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
Malaysia targets over $100 billion in semiconductor industry investment
Malaysia aims for $107 billion investment in its semiconductor industry, led by Prime Minister Anwar Ibrahim, targeting design, packaging, and manufacturing. The country is a key player globally, attracting major investments from firms like Intel and Infineon.
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.
Japan's Nikkei hits closing high as Nvidia earnings boost tech
Japan's Nikkei share average rose to a one month high led by tech stocks after Nvidia's strong earnings. Analyst Kenji Abe from Daiwa Securities mentioned the positive impact on Japanese tech stocks, especially semiconductor-related companies.
Ananant Systems working with major local OEMs to develop BSNL’s 5G chip
Bengaluru-based Ananant Systems is looking to address the expanding requirements for advanced connectivity, computing, and security for wireless 5G and 6G infrastructure and devices. Its offerings include intellectual property (IP), chip design, semiconductor products, software, and systems, all developed and owned in India.
Expecting good response from many companies on EV policy: DPIIT Secy
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
Govt eyes pvt-public cloud model for chip designs for easy access
This facility will provide easy access to chip and packaging designs to startups, researchers and small firms, as per the plan.
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