Jaipur, May 23 (IANS) Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Saturday that Rajasthan has immense potential to become a major hub for electronics manufacturing, highlighting the Centre’s push to expand the sector under Prime Minister Narendra Modi’s leadership. Addressing industry representatives, investors and experts during a dialogue on the electronics and semiconductor sectors at the Chief Minister’s Office in Jaipur, Union Minister Vaishnaw noted t…
Latest Semiconductor Industry News & Updates
Brussels, May 21 (IANS) Chinese President Xi Jinping’s warning that Taiwan could lead to “clashes and even conflicts” and place relations in “great jeopardy” during his recent meeting with US President Donald Trump in Beijing was not mere rhetoric, a report has stated.As missteps in arms transfers, diplomatic recognition or military manoeuvres could trigger escalation amid little clarity in international law.Jinping’s remarks were not a fresh warning but rather underscoring the funda…
Seoul, May 20 (IANS) Samsung Electronics’ union said on Wednesday it will proceed with the strike scheduled for later this week, arguing management has rejected a government-mediated proposal.”We accepted the mediator’s proposal,” the company’s largest union said, adding that it will go ahead with the legally scheduled general strike as planned, reports Yonhap news agency.The two sides have been holding government-mediated talks over performance-based bonuses, with nearly 48,000 workers schedu…
New Delhi, May 16 (IANS) India’s semiconductor ambitions received a major boost as Prime Minister Narendra Modi on Saturday highlighted a new partnership between Tata Electronics and ASML aimed at strengthening the country’s chip manufacturing ecosystem. The agreement was witnessed by Dutch Prime Minister Rob Jetten and PM Modi during high-level engagements focused on futuristic technologies and innovation-led cooperation.Under the memorandum of understanding, ASML will support the establish…
Jaipur, May 15 (IANS) Rajasthan Chief Minister Bhajanlal Sharma on Friday inaugurated the state’s first semiconductor cluster in Bhiwadi and said work on the Regional Rapid Transit System (RRTS) connecting Rajasthan to Delhi via Haryana, along with the implementation of the Yamuna Water Agreement, is progressing rapidly. Addressing a virtual event for multiple development projects in Bhiwadi and Khairthal-Tijara, Sharma said the state government is aggressively pushing industrial growth thr…
Seoul, May 15 (IANS) South Korea is gradually feeling the impact of the prolonged conflict in the Middle East through higher consumer prices despite strong export data, the finance minister said on Friday, vowing proactive steps to stabilise supply chains.Finance Minister Koo Yun-cheol presided over a meeting of economy-related ministers in Seoul to discuss countermeasures against the economic fallout from the geopolitical crisis in the Middle East, according to the Ministry of Finance and Econo…
Seoul, May 14 (IANS) South Korea’s top economic and financial policymakers on Thursday called for the prompt settlement of a labor dispute at Samsung Electronics, warning that a possible strike could threaten the country’s economy amid a semiconductor supercycle.Finance Minister Koo Yun-cheol and other heads of financial authorities made the joint remarks during a meeting on the potential fallout from a planned walkout by Samsung Electronics workers, according to the Ministry of Finance and Econ…
Seoul, May 13 (IANS) The South Korean economy is projected to expand 2.5 per cent in 2026, supported by strong growth in the semiconductor industry and a recovery in domestic consumption, a state-run think tank said on Wednesday.The Korea Development Institute (KDI) raised its 2026 growth forecast from 1.9 per cent projected in February, noting that the country has maintained solid export growth driven by semiconductors despite a challenging business environment, including Washington’s tariff po…
Seoul, May 13 (IANS) Samsung Electronics and its labour union failed to reach a wage agreement on Wednesday, raising concerns over a major strike later this month that could disrupt operations at the world’s largest memory chipmaker.The breakdown came after two days of government-led mediation talks that had been viewed as a last-ditch effort to avert the strike scheduled for May 21, reports Yonhap news agency.Union and management have remained sharply divided over performance-based bonuses tied…
Gandhinagar/New Delhi, May 9 (IANS) Six of the 12 semiconductor projects approved under the central government’s ‘India Semiconductor Mission’ are now placed in Gujarat, with the Union Cabinet approving two additional projects worth Rs 3,936 crore for the state, Science and Technology Minister Arjun Modhwadia said on Saturday. The newly approved projects include a Rs 3,068 crore investment by Crystal Matrix Limited at Dholera Special Investment Region and a Rs 868 crore investment by Suchi Sem…