Semiconductor | Page 2

We need a different approach – the new principle for the supply chain is – just in case. It's a work in progress, SEMI is working aggressively to redesign the blueprint of the supply chain based on the just-in-case philosophy, says Ajit Manocha, president and CEO of SEMI, in an exclusive interaction with Entrepreneur India

The MoU focuses on collaboration in digital technologies, including cybersecurity, 5G, quantum computing, artificial intelligence (AI) and supercomputing.

The newly approved semiconductor unit in Sanand represents an investment of INR 3,300 crore. This state-of-the-art facility will boast a production capacity of 6 million chips per day

Gujarat's first outsourced semiconductor assembly and test (OSAT) facility is expected to create about 1,200 jobs, focusing on advanced semiconductor assembly and testing

PT&D has secured orders to build a 380kV Substation and 380kV Overhead line segments

Kaynes Technology India Ltd (KTIL) announced on Friday, July 26, a remarkable 106.5 per cent year-on-year (YoY) increase in net profit, reaching INR 50.8 Crore for the first quarter ending June 30, 2024. This is a significant rise from the INR 24.6 Crore net profit recorded in the corresponding quarter of the previous year, according to the company's regulatory filing. The CNBC-TV18 poll had projected a profit of INR 48 Crore for the reviewed quarter.

The growing focus of the Indian government on the semiconductor industry has led to a burgeoning number of semiconductor startups in the country, which are helping India realize its ambition of becoming a Semiconductor superpower

India needs to reduce its import bills, for this we need to focus on the three pillars: technology, ecosystem and talent, says Akarsh K Hebbar, global managing director, Vedanta Semiconductors and Display

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade

Earlier the government signed a similar MoU with the US in March 2023

Reportedly, Micron said that the plant will create up to 5,000 new direct jobs and 15,000 community jobs over the next several years

As per available reports, the government is likely to tell the venture between Agarwal's Vedanta Resources Ltd. and Taiwan's Hon Hai Precision Industry Co. it won't get incentives to make 28-nanometer chips

The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing

The investment will be made and utilised in a phased manner, where in the first phase, the group will invest INR 30,000 crore

As per the report, the government is focused on creating and fostering the semiconductor industry and has been actively engaging with all stakeholders

US Commerce Secretary has said that several US companies in the electronics and semiconductor segment have a 'strong' desire to diversify their supply chain and be more resilient

The industry is poised to play an important role in enhancing the global value chain as it will expand to a market size of $85 billion and generate employability for 6,00,000 by 2030

The government of India, in December 2021, launched the India Semiconductor Mission with an incentive outlay of INR 76,000 crore to attract investments in the strategic semiconductor sector

He also revealed that Apple will expand its relationship with TSMC which already produces chips for the iPhone maker

The Indian semiconductor market stood at $15 billion in 2020 and is estimated to reach $63 billion by 2026

The programme will support the entrepreneurs to find the challenges of scaling the startup through experts-led workshops, specialized mentorship, market access and investor and industry connections