News stories about "chip" in India.

Billions Start Flowing to chip Makers For New U.S. Factories

The Biden administration is pledging $1.5 billion in grants to GlobalFoundries in the first major award to revitalize the domestic semiconductor industry. Key Points

mint

US considering more than $10 billion in subsidies for Intel

The U.S. Department of Commerce and Intel have declined to comment on negotiations for over $10 billion in subsidies to the company. The package is likely to include loans and direct grants. Key Points

mint

When brains do more, who owns us?

Discover how Neuralink, a brain-chip startup, is revolutionizing brain-computer interface technology. Learn about the ethical concerns and regulations surrounding the use of implants and the need for transparency and collaboration in its development. Key Points

Times Of India

‘Fascinating era of AI’, Microsoft unveils first homegrown Maia 100 chip. 5 takeaways from Satya Nadella's keynote

Microsoft unveils its first homegrown AI chip 'Maia 100 chip' and cloud-computing processor at the Ignite conference. CEO Satya Nadella announces new software that allows clients to design their own AI assistants. Key Points

mint

Synopsys, Microsoft team up for a chip-design assistant

Microsoft has mostly pitched its "Copilot" as a way to help finish up lines of computer code or quickly summarize a messy email inbox. But Synopsys (SNPS.O) on Wednesday said it has worked with Microsoft to create its own Copilot to help with designing computer chips. Key Points

Reuters

Samsung says chips to recover in 2024 after best quarterly profit this year

Samsung Electronics (005930.KS) on Tuesday flagged a gradual recovery in demand in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of a rebound from a severe downturn. Key Points

Reuters

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. Key Points

Economic Times

Samsung Q3 profit set to slump 80% as chip losses persist

Samsung Electronics' (005930.KS) third-quarter profit is expected to drop 80% from a year earlier as the effects of an ongoing global chip glut drive losses in what is normally the South Korean tech giant's cash cow business. Key Points

Reuters

Samsung expects gradual global chip demand rebound in H2

Samsung Electronics (005930.KS) flagged on Thursday a gradual global chip demand recovery after an ongoing glut led to continued losses in the technology giant's key business in the June quarter, despite a production cut. Key Points

Reuters

U.S. will be short 67,000 chip workers by 2030, industry group says

The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. Key Points

Reuters

The Pros and Cons of Investing in Blue chip Stocks

During an economic downturn or a time of high inflation, like the one we are currently experiencing, blue chip stocks frequently appeal to investors. They typically work in more protective industries like energy, basic goods, and pharmaceuticals. Key Points

Times of India

chip cos, top US officials meet on China policy, source says

Senior U.S. chip company executives are holding meetings with Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard, and National Security Council director Jake Sullivan on Monday to discuss China policy, a source told Reuters. Key Points

Reuters

Trial starts for Korean chip exec accused of stealing Samsung secrets for China factory

The trial of a South Korean chip executive accused of stealing sensitive information developed by Samsung Electronics (005930.KS) began on Wednesday in a case that underscores South Korea's crackdown on industrial espionage. Key Points

Reuters

chip stocks smacked as U.S. mulls fresh curbs on AI access to China

Shares of U.S. chipmakers fell in premarket trading on Wednesday following a report that the Biden administration is planning new curbs on export of computing chips for artificial intelligence to China as early as July. Key Points

Reuters

Intel, Micron spending spree shows chip diplomacy bearing fruit

Intel Chief Executive Officer Pat Gelsinger flew to Wroclaw, Poland, to announce a new $4.6 billion chip facility in the 1,000-year-old university town, marking a record US investment in the country. Micron is close to an agreement to commit at least $1 billion toward setting up a semiconductor packaging factory in India, people familiar with the matter said. Key Points

Economic Times

Meta's pricey bet on AI comes with new custom chips, coder tools

On Thursday, the Facebook owner unveiled a slew of new technologies, including a new chip developed in-house to help train AI faster, and a tool that helps coders get suggestions for how to build their products. The company is also revamping its data centers to make it easier to deploy AI technology. Key Points

Economic Times

India renews call for chipmakers as billionaire’s effort drags

India is joining countries including the US in trying to boost chip output to reduce reliance on expensive imports and dependence on Taiwan and China. The effort has yet to result in any large global chip player moving base to the South Asian nation, underscoring the major challenge supply chain shifts involve. Key Points

Financialexpress

India renews call for chipmakers as Anil Agarwal's efforts drag

India plans to reopen the application process for $10bn in incentives and assistance to attract prospective chipmakers. It wants to lure foreign investors such as Taiwanese Hon Hai Precision Industry and billionaire Anil Agarwal's Vedanta Resources, which are yet to break ground on $19bn of projects already announced. The incentive is expected to accelerate local semiconductor production and reduce India's reliance on expensive imports from China and Taiwan. The country plans to keep the application process open-ended after a previous effort attracted just three applications with little forward progress. Key Points

Economic Times

Intel to work with Arm on chip manufacturing compatibility

Intel's turnaround strategy hinges in part on opening up its factories to other chip companies, particularly those in mobile phones. It has said firms such as Qualcomm Inc are planning to use its factories for future chip designs. Key Points

The Indian Express

Billionaire Anil Agarwal’s India chip dream at risk as hurdles mount

Billionaire Anil Agarwal's $19bn plan to establish a chipmaking plant in India is facing difficulties due to the venture's inability to secure a technology partner, according to unnamed sources. Winning government funding is key to Agarwal's chip dream and to reduce borrowings from his commodities business, which is under financial strain. India's $10bn drive to jump-start local chip production has yet to attract any major global players, underscoring the difficulty involved in supply chain shifts. Key Points

Economic Times

Today’s Cache | Nvidia’s Chinese tweak, Google slowly frees Bard, and Qualcomm may face class action suit

Nvidia has altered its advanced H100 chip in order to make it compliant with the restrictions set down by U.S. regulators Key Points

The Hindu

Taiwan chip pioneer warns US plans will boost costs

The founder of TSMC, processor chip industry's biggest manufacturer is warning that U.S. government efforts to move production from Asia to the United States will as much as double their cost Key Points

The Hindu

New MacBook Air and MacBook Pro with M3 chip tipped to launch soon

We could see 13-inch and 15-inch MacBook Air models in June this year. These laptops will reportedly be powered by Apple’s new M3 chip. Key Points

India Today

We need to create something that’s going to sustain us: L&T

Larsen and Toubro (L&T), a major engineering firm, is venturing into fabless semiconductor chip design, emulating other Indian conglomerates like Vedanta and Tata Group. L&T will invest Rs 830 crore through a wholly-owned subsidiary dedicated to chip design for the automotive and industrial sectors. L&T's CFO, R Shankar Raman, reveals the company's strategic shift towards seeking alternative business opportunities for the future Key Points

Economic Times

Apple iPhone 15 series features leak online: Here’s what to expect

Apple iPhone 15 series leaks reveal details about battery, charging components, and new 3LD3 chip. Launch expected next month. Key Points

mint

US-China tech war: RISC-V chip technology emerges as new battleground

In a new front in the U.S.-China tech war, President Joe Biden's administration is facing pressure from some lawmakers to restrict American companies from working on a freely available chip technology widely used in China - a move that could upend how the global technology industry collaborates across borders. Key Points

Reuters

chip stocks drop as U.S. mulls fresh curbs on AI access to China

Shares of U.S. chipmakers fell on Wednesday following a report that the Biden administration was planning new curbs on export of computing chips for artificial intelligence to China as early as July. Key Points

Reuters

Taiwan's Powerchip targets listing in 5-7 years for Japan venture

Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp (6770.TW) aims to list a joint venture being set up to build a factory in Japan in five to seven years, an executive from the chipmaker said on Friday. Key Points

Reuters

Qualcomm, Google partner to make RISC-V chip for wearable devices

Chip designer Qualcomm (QCOM.O) said on Tuesday it is partnering with Alphabet's (GOOGL.O) Google to make wearable devices like smartwatches using chips based on RISC-V technology. Key Points

Reuters

Amazon announces new cloud AI chip as Microsoft rivalry intensifies

Amazon.com (AMZN.O) on Tuesday announced a new artificial intelligence chip for its cloud computing service as competition with Microsoft (MSFT.O) to dominate the market for artificial intelligence heats up. Key Points

Reuters

Nvidia upgrades flagship chip to handle bigger AI systems

Nvidia (NVDA.O) on Monday added new features to its top-of-the-line chip for artificial intelligence, saying the new offering will start to roll out next year with Amazon.com (AMZN.O), Alphabet's (GOOGL.O) Google and Oracle (ORCL.N). Key Points

Reuters

Samsung Elec flags 96% drop in Q2 profit as chip glut drags on

Samsung Electronics Co Ltd (005930.KS) reported a likely 96% plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Key Points

Reuters

Tower's plan for first Indian chip foundry likely to get nod today

Tower's Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy. Key Points

Economic Times

Taiwan says awaiting US announcement on China chip waiver extension

Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a waiver extension to supply U.S. chip equipment to their factories in China, Economy Minister Wang Mei-hua said on Thursday. Key Points

Reuters

Wall Street climbs on signs of easing inflation; chip stocks gain

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s Key Points

Business Today

Government to approve up to two chip manufacturing units this year: Rajeev Chandrasekhar

The year 2023 will be an important milestone. We will cross Rs 1 lakh crore in mobile phone exports this year. We will be certainly announcing one to two fabs in India to be commencing construction, Chandrasekhar said. Key Points

Economic Times

Nvidia's AI heft to power results again, Wall St seeks China clarity

Artificial intelligence chip leader Nvidia (NVDA.O) will likely deliver yet another blockbuster revenue forecast on Tuesday. But the real focus will be on whether widening U.S. curbs on sales of its high-end chips to China could hamper that run. Key Points

Reuters

AMD soars as AI chip sales prediction bodes well for rivalry with Nvidia

Shares of Advanced Micro Devices (AMD.O) jumped 8% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch up with market leader Nvidia (NVDA.O). Key Points

Reuters

U.S. chipmaker AMD to invest $400 million in India by 2028

Advanced Micro Devices (AMD) plans to build its largest design centre in Bengaluru and invest around $400m in India over the next five years. The centre is expected to open by year-end and create 3,000 engineering jobs in India over five years. It will increase AMD's footprint in India from nine locations to ten, where the chipmaker already employs more than 6,500 people. Key Points

Economic Times

TSMC reassures commitment to Taiwan amid global expansion

TSMC (2330.TW) reaffirmed its investment commitment to Taiwan on Friday as the world's largest contract chip maker ramps up expansion abroad. Key Points

Reuters

Driven by AI boom, TSMC to invest $2.9 bln in advanced chip plant in Taiwan

Driven by a surge in demand for artificial intelligence, Taiwanese chip maker TSMC (2330.TW) plans to invest nearly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company said on Tuesday. Key Points

Reuters

How India is spreading itself across the chip-making value chain

India's semiconductor ambitions have taken a significant leap with Prime Minister Modi inaugurating three new manufacturing and assembly facilities in Gujarat and Assam. With a strong focus on becoming a global semiconductor hub, India aims to establish a robust presence across the chip value chain. Key Points

Economic Times

Exclusive: Mitsubishi Corp considering bid for Fujitsu's chip unit Shinko Electric -sources

Mitsubishi Corp (8058.T) is considering bidding for Fujitsu's (6702.T) chip packaging unit Shinko Electric Industries (6967.T), two sources said, as Japan's top trading house weighs an entry into semiconductor manufacturing. Key Points

Reuters