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Indian Government to Offer Up to $5 Billion in Incentives for Electronics Production, Weaning Off China
India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
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Asus Still at Learning Stage for Manufacturing in India: Peter Chang
On the back of the Indian government’s revamped production-linked incentive (PLI) scheme promising an outlay of Rs. 17,000 crore for IT hardware, Asus set up a new manufacturing unit in Chennai last year. It’s early days, but Asus aims to ramp up local production in the coming years.
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TSMC to Get $4.9 Billion in Subsidies From Japan to Build Second Chip Plant
TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.
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Intel to Receive $3.2 Billion Government Grant to Set Up $25 Billion Israel Chip Plant
Intel will receive a $3.2 billion (roughly Rs. 26,600 crore) grant for new $25 billion (roughly Rs. 2,91,100 crore) chip plant to be constructed in the southern part of Israel, according to the company. The US chipmaker has also said that it will buy ILS 60 billion (roughly Rs. 1,37,500 crore) worth of goods and services from Israeli suppliers ov...
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Kamal Nath Forcing Priyanka Gandhi To Make False Announcements: Shivraj Singh Chouhan
Chouhan said that when Priyanka announced that education in MP would be free from Classes 1-12 if her party was voted to power, Kamal Nath went up to her and asked her to make some corrections.
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Central Government Officers Entitled To Electronics Up To Rs 1.3 Lakh
Central government officers will be entitled to mobile, laptop or similar devices costing up to Rs 1.3 lakh, which can be retained by them for personal use after 4 years.
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iPhone Assembler Foxconn in Talks With TSMC and TMH to Set Up Semiconductor Fabrication Units in India: Report
Foxconn is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday.
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Odisha to Get Rs. 30,000 Crore Semiconductor Unit Set Up by UK-Based Firm
A UK-based company is planning to set up a semiconductor fabrication unit in Odisha's Ganjam district with an investment of Rs. 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state gov...
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Micron Signs MoU With India to Build First Semiconductor Plant in Gujarat
US memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country. Micron said last week it will invest up to $825 million (nearly Rs. 6,850 crore) in the facility. With support from the Indian central government and the state of Gujara...
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Foxconn-Vedanta to Open India's First Semiconductor Facility in Dholera
Vedanta and Foxconn has finalised the Dholera Special Investment Region near Ahmedabad city of Gujarat for setting up their semiconductor and display manufacturing facility. In the biggest ever corporate investment in the history of independent India, a joint venture of Vedanta and Foxconn in September last year signed a Memorandum of Understanding...
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Foxconn in Serious Talks With Karnataka Government Over Investment Plans
India's southern Karnataka state is in serious talks with Taiwan's Foxconn over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. Foxconn is said to be the world’s largest electronics manufacturer. As of last year, it ranks 20th in the Fortune Global 500.
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Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
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Government May Clear Semiconductor Unit Proposals in Next 30-60 Days: MoS IT
The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking at IESA Vision Summit, Chandrasekhar said there has been a tremendous progress in the development of the semicon...
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Nvidia CEO Says US Export Restrictions on Top Data Centre Chips Leave 'Large Space' for China Sales
Nvidia CEO Jensen Huang on Wednesday said that the company continues to see a 'large space' for data centre chips in the Chinese market, despite restrictions from the US government. Earlier this month, Nvidia was told by the US government to stop exports of its A100 and H100 chips to China, which could affect up to $400 million (roughly Rs. 3,228 c...
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Semiconductor Manufacturing in India: Government to Provide 50 Percent Incentive for Chip Fabs
The union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to provide 50 percent financial incentives for the manufacturing of semiconductor fabs across technology nodes as well as for compound semiconductors, packaging, and other chip facilities.
-
Indian Government to Offer Up to $5 Billion in Incentives for Electronics Production, Weaning Off China
India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
-
Asus Still at Learning Stage for Manufacturing in India: Peter Chang
On the back of the Indian government’s revamped production-linked incentive (PLI) scheme promising an outlay of Rs. 17,000 crore for IT hardware, Asus set up a new manufacturing unit in Chennai last year. It’s early days, but Asus aims to ramp up local production in the coming years.
-
TSMC to Get $4.9 Billion in Subsidies From Japan to Build Second Chip Plant
TSMC will get up to more subsidies from the government of Japan in order to help the chipmaker build a second fabrication plant in Japan. The company will receive 732 billion yen ($4.86 billion) more in subsidies from Japan. TSMC, which is also expanding in the US and Germany, plans to ramp up to mass production in Japan before the end of the year.
-
Intel to Receive $3.2 Billion Government Grant to Set Up $25 Billion Israel Chip Plant
Intel will receive a $3.2 billion (roughly Rs. 26,600 crore) grant for new $25 billion (roughly Rs. 2,91,100 crore) chip plant to be constructed in the southern part of Israel, according to the company. The US chipmaker has also said that it will buy ILS 60 billion (roughly Rs. 1,37,500 crore) worth of goods and services from Israeli suppliers ov...
-
Kamal Nath Forcing Priyanka Gandhi To Make False Announcements: Shivraj Singh Chouhan
Chouhan said that when Priyanka announced that education in MP would be free from Classes 1-12 if her party was voted to power, Kamal Nath went up to her and asked her to make some corrections.
-
Central Government Officers Entitled To Electronics Up To Rs 1.3 Lakh
Central government officers will be entitled to mobile, laptop or similar devices costing up to Rs 1.3 lakh, which can be retained by them for personal use after 4 years.
-
iPhone Assembler Foxconn in Talks With TSMC and TMH to Set Up Semiconductor Fabrication Units in India: Report
Foxconn is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday.
-
Odisha to Get Rs. 30,000 Crore Semiconductor Unit Set Up by UK-Based Firm
A UK-based company is planning to set up a semiconductor fabrication unit in Odisha's Ganjam district with an investment of Rs. 30,000 crore in the first phase, officials said. The SRAM & MRAM Technologies and Projects India Pvt Limited, the Indian unit of UK-based SRAM & MRAM Group, had signed a memorandum of understanding (MoU) with the state gov...
-
Micron Signs MoU With India to Build First Semiconductor Plant in Gujarat
US memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country. Micron said last week it will invest up to $825 million (nearly Rs. 6,850 crore) in the facility. With support from the Indian central government and the state of Gujara...
-
Foxconn-Vedanta to Open India's First Semiconductor Facility in Dholera
Vedanta and Foxconn has finalised the Dholera Special Investment Region near Ahmedabad city of Gujarat for setting up their semiconductor and display manufacturing facility. In the biggest ever corporate investment in the history of independent India, a joint venture of Vedanta and Foxconn in September last year signed a Memorandum of Understanding...
-
Foxconn in Serious Talks With Karnataka Government Over Investment Plans
India's southern Karnataka state is in serious talks with Taiwan's Foxconn over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. Foxconn is said to be the world’s largest electronics manufacturer. As of last year, it ranks 20th in the Fortune Global 500.
-
Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
-
Government May Clear Semiconductor Unit Proposals in Next 30-60 Days: MoS IT
The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking at IESA Vision Summit, Chandrasekhar said there has been a tremendous progress in the development of the semicon...
-
Nvidia CEO Says US Export Restrictions on Top Data Centre Chips Leave 'Large Space' for China Sales
Nvidia CEO Jensen Huang on Wednesday said that the company continues to see a 'large space' for data centre chips in the Chinese market, despite restrictions from the US government. Earlier this month, Nvidia was told by the US government to stop exports of its A100 and H100 chips to China, which could affect up to $400 million (roughly Rs. 3,228 c...
-
Semiconductor Manufacturing in India: Government to Provide 50 Percent Incentive for Chip Fabs
The union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a proposal to provide 50 percent financial incentives for the manufacturing of semiconductor fabs across technology nodes as well as for compound semiconductors, packaging, and other chip facilities.
