SEMICONDUCTOR MANUFACTURING VENTURE
Revenue growth to be quite significant for next 2 financial years: Saurabh Gupta, Dixon Technologies
I do not want to give you guidance on any number, but clearly the order book looks extremely healthy, not only across mobile vertical which is the largest trigger for our growth, I think so even IT hardware opportunities looking very promising.
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.
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.
S&P 500, Nasdaq close at record highs as data supports Fed easing
S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.
Tech stocks lift Nasdaq, S&P 500 as rate-cut expectations tick up
Nasdaq hits record intra-day high on tech rally, fueled by gains in Microsoft and Amazon. Investors remain cautious, weighing economic concerns against the possibility of earlier Fed rate cuts.
Wipro promotes veterans; Paytm & Nykaa Q4 financials
Happy Thursday! Wipro CEO Srinivas Pallia is betting on internal talent to propel growth. This and more in today’s ETtech Morning Dispatch.
- Go To Page 1
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.
Bengaluru startup that makes silicon replacement for chips to scale production
Single-walled carbon nanotubes (SWCNTs), which Bengaluru-based NoPo makes, have applications of a wide range, from EV battery manufacturing, where the material can improve energy density, to design of semiconductors.
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is shifting its focus away from China, the world's second-largest economy, and towards the United States. The world's largest computer chip maker, TSMC, announced bigger investments in the U.S. last month after a boost from the Biden administration. Taiwanese semiconductor company ended its two-decade-long run in mainland China amid a global race to gain the edge in the high-tech industry.
EV components maker Matel raises $4 million in funding
Matel makes components like power trains and motor control units for EVs. This funding round saw participation from investors like Nikhil Kamath-backed Gruhas and from Haresh Abichandani, the founder of electronic components firm Millenium Semiconductor.
Vedanta: How an old-age biz is trying to deliver a new-age baby
The complete acquisition of AvanStrate positions Vedanta in the display panel market, with plans to build its own display glass plant in Gujarat. The company is also eyeing partnerships for a potential chip plant. Vedanta's foray into electronics manufacturing, spearheaded by Agarwal's son-in-law Akarsh K. Hebbar, aligns with its core business of metals and mining.
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.
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.
India could allow a tiny window in the Chinese wall
In the wake of border tensions, the Indian government has been looking askance at investments by Chinese companies in India. Press Note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with India (such as China) can invest only after government clearance.
Chip off the old Taiwanese block
The recent earthquake off Taiwan's east coast highlights the risks of concentrating chip-making capacity in one territory. While initial reports suggest no immediate impact on supply chains, the incident underscores the need for diversification. Chipmakers are already accelerating plans to diversify beyond Taiwan due to factors like the Covid outbreak and tensions with China. India, with its ambitions in chip manufacturing, offers an interesting proposition for Taiwanese chipmakers and could play a crucial role in diversifying the global semiconductor supply chain.
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.
Day not far when India becomes global semiconductor hub: PM Modi
Modi on Wednesday laid the foundation stone for India’s first pure-play commercial semiconductor chip manufacturing foundry by the Tata Group at Dholera in Gujarat.
First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang
Frank Huang, chairman of PSMC, told ET that the first semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026.
Cabinet greenlights Tata’s Rs 91,000-crore chip foundry proposal
Tata Electronics' Rs 91,000-crore project will be set up in Gujarat’s Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw said in a press briefing on Thursday.
India comes full circuit: Global tech giants set sights on the country for electronics production
The critical factor to achieving India’s aspirations of being a global electronics manufacturing hub is to get the component piece right. With several key suppliers to marquee brands like Apple and Samsung setting up shop in India, some pieces of the puzzle have started fitting in. But a lot more needs to be done.
Tatas' investments in new ventures to cross $120 billion in coming years
Long-term capital infusion approvals have already been secured by Tata Sons' board, officials revealed. The conglomerate had announced plans in the final quarter of 2022 to invest $90 billion in emerging industries by 2027, including mobile components, semiconductors, electric vehicles, batteries, renewable energy, and ecommerce.
Domestic manufacturing of semiconductors is the next big space: MeitY Secy
A senior official from the Ministry of Electronics & Information Technology (MeitY) stated that domestic semiconductor manufacturing is a significant area of growth, with expectations of more companies entering the sector. S Krishnan, MeitY Secretary, emphasized the potential for a USD 2 billion digital economy in India and projected substantial growth in semiconductor manufacturing over the next 5-10 years.
Chip giant TSMC shifts away from hotspot Taiwan with Japan plant
Taiwan Semiconductor Manufacturing Company, which counts Apple and Nvidia as clients, produces half the world's chips, used in everything from smartphones to satellites and increasingly to power AI technology.
Japan takes Taiwan's helping hand on long road to chip revival
That Japan turned to TSMC for help on an industry it once dominated reflects the Taiwan chipmaker's dominant position in the foundry business and Tokyo's heightened concern over China's growing prowess in a wide swathe of technology.
Amber Group signs MoU with South Korea’s Korea Circuit, YoungPoong Group Co.
Amber Group, a leading homegrown air-conditioner contract manufacturer, has signed an MoU with South Korea's Korea Circuit through its venture, Ascent Circuits. This collaboration aims to fortify PCB manufacturing in India by producing flex, HDI, and semiconductor substrates PCBs. The partnership will provide solutions to the mobile and semiconductor industry, covering the entire requirement of PCBs for various applications in India's electronics manufacturing growth story. The MoU and the acquisition of majority stakes in Amber Circuits have positioned Amber Group as a leader in the EMS space, offering new business opportunities and strengthening their EMS portfolio.
With small, inexpensive LED driver chips, India makes strides in semiconductor manufacturing
With Rajasthan-based Sahasra Semiconductors designing and packaging its LED driver ICs, can the market open up for a more flourishing ecosystem to develop in the country?
Israel's chipmaker Tower resubmits proposal to set up 65 nm, 40 nm chip fab
The company, however, is also facing legal action from its erstwhile joint venture partner Abu Dhabi-based Next Orbit Ventures which is considering suing Tower Semiconductors for going ahead and submitting a fresh proposal with a new partner.
Foxconn submits application for setting up semiconductor unit: MoS IT
Taiwanese electronics manufacturing services company Foxconn has submitted an application for setting up a semiconductor fab in the country, Parliament was informed on Wednesday. Minister of state for electronics and IT Rajeev Chandrasekhar said in a written reply to Lok Sabha that the government has taken several measures to boost electronics manufacturing, including semiconductors, incentivising large investments in electronic goods and appliances, and promote exports.
Load More
