India will have 2-3 more semiconductor fabs: S Krishnan
The Ministry of Electronics & IT (MeitY) is aggressively working on boosting the domestic semiconductor industry and responsible use of AI. MeitY Secretary, S Krishnan, discusses the semiconductor ecosystem, mobile components manufacturing, deepfakes, and the implementation of the Digital Personal Data Protection (DPDP) Act 2023. Key Points
Economic TimesIndia's chip ambitions are about to get larger
India aims to be among the top five in the semiconductor ecosystem in the next five years. The semiconductor Mission approved projects with a combined investment of ₹1.48 trillion, with plans for more fabs and ATMP units in the pipeline, the minister says. Key Points
mintIn 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. Key Points
Economic TimesCabinet approves 3 semiconductor projects worth Rs 1.26 lakh cr, among them India’s 1st fab unit
IT Minister Vaishnaw says India's 1st commercial semiconductor fab plant ‘big turning point for the nation’. The other 2 are assembly, testing, packaging and marking (ATMP) units. Key Points
ThePrintAll you need to know about CG Power's ₹7,600 crore chip facility approved by govt
The Union Cabinet on February 29 approved the establishment of three semiconductor plants with a combined investment of ₹1.26 lakh crore. To encourage domestic manufacturing of semiconductors, the government is also offering incentives amounting to ₹76,000 crore. Key Points
mint
India's major leap into semiconductor manufacturing: Union Cabinet nod to Rs 1.26 lakh crore chip-making units
India Business News: The Indian government has taken a significant step toward becoming self-reliant in semiconductor production by approving the establishment of three semiconductor fabrication units. The approval, announced on February 29 by the Union Cabinet, involves an investment of Rs 1.26 lakh crore ($15.2 billion). The move is aimed at reducing India's heavy dependence on imported chips, essential for various sectors such as defence, automobiles, and telecommunications. Key Points
Times Of IndiaRs 1.26 lakh cr investment: Cabinet approves three more semiconductor units, including two by Tata
All three units will start construction within the next 100 days. The chip programme was notified in December 2021 with a total outlay of Rs 76,000 crore. Key Points
Business TodayTower'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 TimesFoxconn to partner wtih HCL Group for semiconductor facility in India
The collaboration involves the creation of an outsourced assembly and testing (OSAT) unit within the country. OSAT units play a crucial role in the semiconductor manufacturing process by packaging, assembling, and testing silicon wafers, ultimately transforming them into fully functional semiconductor chips. Key Points
India TodayMicron's semiconductor project in Gujarat gains momentum, to provide job opportunities
New Delhi [India], December 6 (ANI): Micron’s ambitious semiconductor project in Sanand, Gujarat, is progressing at an accelerated pace, achieving significant milestones within a short span. The Union Cabinet, led by Prime Minister Shri Narendra Modi, approved Micron’s semiconductor unit in India, with a substantial capital investment of Rs 22,516 crore (USD 2.75 billion) in […] Key Points
ThePrint
HCL inching close to chip unit in Karnataka, investment estimated at $400 million
The group — best known for its $12.6 billion IT arm HCLTech — is in active talks with the state government, which has offered land both near the international airport in Bengaluru as well as in Mysuru. Key Points
Economic TimesGermany approves stakes by Bosch, Infineon and NXP in TSMC chip plant
The German cartel office has approved stakes by Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXP.N) in TSMC's (2330.TW) new semiconductor plant in the German city of Dresden, the regulator said in a statement on Tuesday. Key Points
ReutersJapan becomes second Quad partner to sign semiconductor pact with India
India and Japan have signed a memorandum of understanding for developing the semiconductor ecosystem, covering manufacturing and research. The agreement was signed by India's Ashwini Vaishnaw and Japan's Yasutoshi Nishimura for semiconductor design, talent development, research into equipment and to increase resilience in the supply chain. Both nations will also work together on government-to-government and industry-to-industry collaboration, and set up an implementation organisation. Key Points
Economic TimesFoxconn in talks to set up 4-5 semiconductor fab units in India: Report
The move comes after the firm announced its decision to withdraw from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta. Key Points
Business TodayBroadcom to invest in a $1 billion EU-funded chip programme in Spain
U.S. chipmaker Broadcom (AVGO.O) will invest in a European Union-funded programme to develop a semiconductor industry in Spain, Chief Executive Charlie Kawwas said late on Thursday. Key Points
Reuters
Vedanta Foxconn re-submit application to set up semiconductor plant
India Business News: Vedanta Foxconn JV has resubmitted an application to invest Rs 1.5 lakh crore to set up a fab facility for creating electronic chips in India. This pl Key Points
Times Of IndiaMicron’s Game-Changing Investment: State-of-the-Art semiconductor Facility to Revolutionize India’s High-Tech Landscape
With an investment of over US$800 million, supported by the Indian National semiconductor Mission and additional financial backing from Indian authorities to a total of USD 2.75 billion to set up semiconductor assembly and test facility in India. Key Points
FinancialexpressPrime Minister Modi's US visit may boost semiconductor supply chain pact
Indian Prime Minister Narendra Modi's visit to the US is expected to boost the Indo-US technology partnership by announcing major developments in the establishment of a new semiconductor supply chain. Meetings with top 20 US companies' CEOs, including Mastercard, Accenture, Adobe, Coca-Cola and Visa, have also been scheduled. Key Points
Economic TimesFaculty development: A catalyst for India’s emergence as a global ESDM and semiconductor leader
While assessing the current state of the industry-academia relationship in India’s semiconductor sector, it is not a new concept. Indian semiconductor companies have been collaborating with academia for research and development for quite some time now. Key Points
FinancialexpressIndia expands scope of its semiconductor ambitions; Vedanta likely gets a lifeline
India will start accepting and considering new applications for semiconductor fabrication plants from new and existing applicants. There are expectations that some current applicants will reapply and new investors will apply, Rajeev Chandrashekhar tweeted. Key Points
Economic Times
Will the US succeed in starving China of semiconductors?
As the US and its allies increase efforts to restrict China's access to advanced semiconductor chips, experts say the measures could impact Beijing's development. But they will also cause collateral damage to US firms. Key Points
The Indian ExpressIndia’s semiconductor market may reach $64 billion by 2026: Report
In 2019, the country’s semiconductor market was valued at $22.7 billion. Key Points
FinancialexpressFactbox: Chipmakers' plans for factories in Europe, US and Asia
Chipmakers across the globe are pouring billions of dollars in investment to set up new plants, encouraged by the rising use of semiconductors in everyday devices and generous subsidies from the U.S. and European Union aimed at keeping the West ahead of China in the race for cutting-edge technology. Key Points
ReutersIndia to chip in after pact with US, may fill world's semiconductors gap
India and the US on Friday inked a memorandum of understanding (MoU) on semiconductor supply chain and 'innovation partnership'. This could help India realise its long-nurtured dream of becoming a hub for electronic goods. Key Points
India TodayIndia's tryst with semi-conductor: Where we are and what we need
As India is working to set up a semiconductor manufacturing unit in the country, the Union Minister of Information and Technology has said that he hopes to approve the setting up of at least two such manufacturing plants in the country by next year. Here is a sneak peak into what the centre is planning to get the industry up and running. Key Points
India Today
India to be on high-stake global stage of chip makers in 5 years: IT Minister Ashwini Vaishnaw
India aims to become a global semiconductor powerhouse, attracting major players with carefully-crafted policies. The country's semiconductor value chain includes a proposed fab, assembly and test units, and partnerships with Tata Group. India's plans align with the geopolitical battleground and aim to foster local industry and job creation. Key Points
Economic TimesMicron's Sanand facility to become operational next year; predictable policy is important: EVP Bhatia
India Business News: Micron's Sanand facility in Gujarat will become operational next year, assembling and testing advanced dynamic random-access memory (DRAM) and NAND flash products for the global market. EVP Bhatia emphasizes the need for predictable policy and alignment with stakeholders for India's semiconductor industry success. Key Points
Times Of IndiaHow India is trying to build a crucial part of its chip-making project
The new incentive plan -- which is likely to be launched at the start of the next fiscal year -- will have a corpus of Rs 10,000 crore, ET has reported. It will be an updated version of the current Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS). Key Points
Economic TimesEcosystem for chips in India for the 'very brave': Foxconn Chairman Young Liu
The ecosystem for semiconductor chips in India is for the very brave , Foxconn Chairman Young Liu said on Friday as he expressed optimism about the country's semiconductor roadmap during the second edition of SemiconIndia in Gandhinagar. Earlier this month, Taiwan-based Foxconn, which also supplies for smartphone giant Apple, withdrew from a USD 19.5 billion semiconductor joint venture with Vedanta as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars. Key Points
Economic TimesFirst Made in India semi-conductor chip will roll out in December 2024: Ashwini Vaishnaw
New Delhi [India], March 19 (ANI): Union Minister for Communications and Electronics and IT, Ashwini Vaishnaw, on Tuesday said that by the end of this year India would witness the launch of the first indigenous semiconductor chip. The Union Minister was speaking at the News18 Rising Bharat Summit. Earlier on February 29, the Union Government […] Key Points
ThePrint
India sets steady path toward local semiconductor industry
Prime Minister Narendra Modi has championed the push into semiconductors, including with a $10 billion fund unveiled nearly two years ago to draw chipmakers. More broadly, he has outlined ambitions to create a robust tech manufacturing sector — dubbed “Make in India” — that has already drawn investments from Apple Inc. suppliers. Key Points
Economic TimesElusive quest for semiconductor self-sufficiency
India has been attempting to attain self-sufficiency in sourcing semiconductor chips but with little success over the years. Why is it so? Will the government’s renewed attempt see better outcome as the need for self-reliance has only risen in recent times? Mint explains. Key Points
mintVedanta says awaiting India govt nod for semiconductor plant in Gujarat
Vedanta had to rework its foray into semiconductors after Foxconn pulled out of its $19.5 billion chipmaking project. Key Points
Economic TimesVaishnaw: India most cost effective place for semiconductors
“India’s approach of developing a comprehensive ecosystem (for semiconductors) is absolutely the right thing. Industry leaders highly appreciated the actions taken so far,” Vaishnaw told FE. Key Points
Financialexpress