SEMICONDUCTOR FIELD
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.
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.
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.
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.
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
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IIT-B partners with TCS to build India's first quantum diamond microchip imager
IIT Bombay and TCS collaborate to develop India's first quantum diamond microchip imager, crucial for semiconductor chip examination, with the potential to revolutionize various industries.
5 world market themes for the week ahead
Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.
Few Chinese electric cars are sold in U.S., but industry fears a flood
American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in electric vehicle and battery manufacturing facilities in the United States.
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.
Global chips battle intensifies with $81 billion subsidy surge
The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
SoftBank is shifting focus to AI and semiconductors, while its Vision Fund is selling stakes or writing down billions of dollars worth of its publicly-listed companies. SoftBank founder Masayoshi Son is looking to bankroll a $100-billion chip venture to compete with Nvidia for providing semiconductors to power the development of AI services.
Semiconductor sector thrives in India as more talent ‘chips’ in for global companies
The semiconductor sector in India is experiencing significant growth, with around 30% of new global capability centers (GCCs) established in India during the December quarter of last year focusing on semiconductors. This reflects a rising interest in utilizing local talent for various aspects of semiconductor development.
Nvidia backs little-known upstart in India’s biggest AI bet yet
While companies like OpenAI and Google have poured billions of dollars into such chips in the US, Yotta is making India’s largest bet yet on the promise of AI.
In India's semiconductor moment, spotlight on talent
There is demand for 40,000-50,000 employees across job roles in 2024, a 25-30% increase over last year, says staffing company Randstad. The sector is expected to see more than 800,000 to 1 million job openings over the next five years.
Micron, IIT Roorkee ink partnership to foster innovation and develop skilled workforce
The partnership envisages research in technology fields, providing experiential learning opportunities for students, cultivating student recruiting activities and facilitating industry-relevant training.
Groundbreaking of semiconductor plants; NPCI, fintechs huddle on UPI
Three chip plants, including two from Tata Group, approved by the Union Cabinet recently are set to break ground in ceremonies next week. This and more in today’s ETtech Morning Dispatch.
Taiwan chip firms flock to Japan as China decoupling accelerates
The influx comes amid shifting alliances and priorities in the global chip industry as the United States pushes to limit China's progress in cutting-edge semiconductors and strengthen partnerships between its allies. Fabless chipmaker Alchip Technologies, which specialises in customised chips known as application-specific integrated chips (ASICs), is illustrative of the China decoupling trend.
Vibrant Gujarat Global Summit: Ashwini Vaishnaw calls on Micron to start semiconductors research Centre at IIT Gandhinagar
At the Vibrant Gujarat Global Summit, the Minister of Electronics and Information Technology, Ashwini Vaishnaw, emphasized India's commitment to becoming a developed nation by 2027. He urged Micron Technology to undertake continuous research in the semiconductor industry and proposed the establishment of a Center of Excellence for Semiconductors at IIT Gandhinagar.
China import concerns spur US to launch semiconductor supply chain review
The review aims to identify how US companies are sourcing so-called legacy chips - current-generation and mature-node semiconductors - as the department moves to award nearly $40 billion in subsidies for semiconductor chips manufacturing.
Inside Juspay’s new biz plans; revised incentive scheme for chip ancillaries soon
Fintech startup Juspay is building a full-stack payment gateway that can offer card, wallet and UPI-based transactions. This and more in today’s ETtech Morning Dispatch.
China chip firm Brite Semiconductor, powered by US tech and money, avoids Biden's crackdown
The company, Brite Semiconductor, offers chip design services to at least six Chinese military suppliers, a Reuters examination of company statements, regulatory filings, tenders and academic articles by People's Liberation Army (PLA) researchers and institutions found.
Bengaluru hosts roadshow for Vibrant Gujarat summit 2024
Bengaluru played host to a roadshow on Thursday, extending invitations to industry leaders for the upcoming 10th edition of the Vibrant Gujarat Global Summit in January. Gujarat's Minister for MSMEs, Balvantsinh Rajput, showcased the state's achievements in industrial and innovation projects, citing GIFT City, Dholera Sir, and the High-Speed Rail Network. Rajput announced that the summit would focus on vital sectors such as Semiconductor, Sustainable Manufacturing, Electric Mobility, and Renewable Energy.
Chipmaker NXP forecasts profit above estimates on resilient auto, industrial demand
NXP in September said automotive demand was "pretty good" across all its markets, including China, which contributes about 30% to the chipmaker's total revenue.
Global chip shortage eases, offering hope for automobile supply chains: CRISIL
The global chip shortage, which had a significant impact on the automobile industry in India, is gradually improving. Supply-chain challenges are being addressed, and improved predictive demand forecasts are enabling more stable production schedules. The scarcity of semiconductors caused production delays and reduced sales in India. However, the situation is expected to normalize by fiscal 2026, thanks to new global manufacturing capacities.
Cabinet approves pact between India, Japan on semiconductor supply chain
The Union Cabinet of India has approved a memorandum of cooperation between India and Japan on a Semiconductor Supply Chain Partnership. This agreement aims to strengthen cooperation between the two countries to enhance the semiconductor supply chain. Japan is the second Quad partner, after the US, to sign an agreement with India for joint development in the semiconductor ecosystem.
Samsung Semiconductor India Research, IISc in pact for research on quantum technologies
The move is part of SSIR's CSR commitment and aims to provide research and training support opportunities to faculty members and students pursuing higher education – both in IISc and in other educational institutions – particularly in the fields of physics, engineering, computer science, and mathematics every year.
Big chipmakers push back on Biden's limits on sale of semiconductors to China
Since July, Nvidia, Intel and Qualcomm, three of the world's largest chipmakers, have pressed their case that cracking down on China would have unintended consequences.
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