SEMICONDUCTOR DEVELOPMENT
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.
Samsung Electronics forecasts major Q2 profit jump
Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The world's largest memory chip maker said in a regulatory filing that its April-June operating profits were expected to rise to 10.4 trillion won ($7.54 billion), up 1,452.2 percent from 670 billion won a year earlier.
US chip dreams will fade without more immigrants
In a rare display of bipartisan cooperation, Democrats and Republicans passed the Chips and Science Act to revitalize US semiconductor manufacturing. However, a failure to address the shortage of skilled workers threatens the industry's growth. Proposed solutions include a specialized visa program and increased support for STEM education.
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.
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.
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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.
US, Japan, South Korea vow strategic cooperation to boost security, economies
Commerce and trade ministers from the U.S., Japan, and South Korea agreed to cooperate on AI safety, export controls, clean energy, and semiconductor supply chains. U.S. Commerce Secretary Gina Raimondo emphasized the importance of collaboration for global security. Japanese Minister Ken Saito and South Korean Minister Ahn Duk-geun also attended the inaugural meeting, initiated at a Camp David summit. The ministers aim to strengthen supply chain resilience, particularly in semiconductors and critical minerals, and enhance cooperation in cybersecurity and technical standards to counter China's dominance in critical mineral supply chains.
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
China's ByteDance working with Broadcom to develop advanced AI chip
China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
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.
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 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.
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
US, India must stay at tech forefront, says Ajit Doval
India and the US must remain at the forefront of technology to protect and defend their value systems and strategic interests. National Security Advisor Ajit Doval and American counterpart Jake Sullivan attended the Initiative for Critical and Emerging Technology (iCET) Industry Roundtable. They discussed the importance of innovation, production, and deployment in technology partnerships.
iCET on the right path
US NSA Jake Sullivan's visit to Delhi, the first since India's new NDA government took office, focused on advancing the India-US Initiative on Critical and Emerging Technology (iCET). Sullivan and Indian counterpart Ajit Doval chaired the iCET meeting, setting the agenda for deeper collaboration in sectors like defence, space, semiconductors, AI, and quantum computing.
US, India must remain at forefront of technology: NSA Ajit Doval
National Security Advisor Ajit Doval emphasized the crucial role of India and the US in leading technological advancements to safeguard their respective values and strategic interests. His remarks came during the iCET (India-US initiative on Critical and Emerging Technology) industry roundtable, where he highlighted the progress and significance of collaboration under iCET. Doval's comments followed recent initiatives unveiled with US counterpart Jake Sullivan to deepen cooperation in artificial intelligence, semiconductors, critical minerals, telecommunications, and defence space.
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.
Chakri Lokapriya's top midcap stock picks for near term
I think defence, semiconductor, industrial, infra are easy reforms for the current government in the current shape to continue because even the allies, for instance, Naidu is a very reform-oriented person.
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.
eInfochips joins TSMC Design Center Alliance to accelerate semiconductor innovation
The TSMC DCA program focuses on chip-implementation services and system-level design solutions to help lower design barriers for customers adopting TSMC technology.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
To woo local chip makers, China sets up $47.5-billion fund
The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.
If China invades Taiwan, ASML and TSMC can disable chip machines
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have measures in place to remotely disable chipmaking machines in the event of a Chinese invasion of Taiwan. The US government has expressed concerns about the impact of such an attack on the global semiconductor supply chain. ASML's advanced EUV machines are crucial in this scenario, with TSMC being a major client. The stakes are high as Taiwan produces around 90% of the world's most advanced chips.
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.
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.
Boom in semiconductor industry drives demand for tech roles
The semiconductor industry in our country is experiencing rapid growth fueled by high demand and enabling government policies. Industry experts note a significant surge in demand for semiconductor professionals, with a conservative estimate suggesting a compound annual growth rate of around 100% in open positions over the last three years.
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