New Delhi, May 5 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved two new semiconductor projects under the India Semiconductor Mission (ISM), marking another step in India’s push to strengthen its domestic chip manufacturing ecosystem.The projects, which will be set up in Gujarat with a combined investment of around Rs 3,936 crore, are expected to generate employment for approximately 2,230 skilled professionals.The approvals include the country’s first …
Latest Semiconductor Industry News & Updates
Washington, May 3 (IANS) There could be geopolitical and economic consequences if US President Donald Trump were to compromise on Taiwan during any future engagement with Chinese President Xi Jinping, the European Times said in a report. According to the European Times report, “the stakes extend far beyond the ceremonial optics of a summit”, warning that any move to dilute support for Taiwan could have far-reaching implications for US global standing.”If Trump were to compromise Taiwan’s secur…
Seoul, May 1 (IANS) South Korea’s exports exceeded $80 billion for the second consecutive month in April, jumping nearly 50 per cent from a year earlier on the back of robust shipments of semiconductors, government data showed on Friday.Outbound shipments totalled $85.89 billion last month, up 48 percent on-year, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The April tally marks the second-highest monthly export figure for the countr…
Chandigarh, April 28 (IANS) Punjab Chief Minister, Bhagwant Mann, on Tuesday presented a report card of his visits to the Netherlands and Finland, saying the government has secured concrete global partnerships in agriculture, industry, and innovation that will directly benefit farmers, youth, and the state’s economy. Highlighting a Rs 1,300 crore JICA-backed push, strong interest from global companies, and advanced agri-tech collaborations from Keukenhof to Finland, CM Mann told the media here…
New Delhi, April 21 (IANS) The government is preparing to roll out an expanded version of the India Semiconductor Mission ‘ISM 2.0’ likely by May, with a proposed outlay ranging between Rs 1 lakh crore and Rs 1.2 lakh crore.According to the NDTV Profit report, inter-ministerial consultations are currently underway, while the Ministry of Electronics and Information Technology (MeitY) is awaiting final approval from the Finance Ministry.The proposed allocation is significantly higher than the Rs 7…
New Delhi, April 19 (IANS) Chief Minister Rekha Gupta has announced the drafting of the ‘Delhi Semiconductor Policy’, aimed at positioning the capital as a key hub for semiconductor design, advanced research and development, and assembly and allied activities.Gupta said the initiative marks a step towards promoting high-value technology sectors in Delhi.The Chief Minister stated the policy is aligned with the vision of Prime Minister Narendra Modi for an Atmanirbhar Bharat and will ensure De…
Gandhinagar, April 10 (IANS) Gujarat has moved to deepen its collaboration with Taiwan in advanced manufacturing sectors, with the signing of a memorandum of understanding (MoU) to set up an India-Taiwan Industrial Park in the Sanand–Dholera region, officials said on Friday. The agreement, signed in Gandhinagar, brings together the state government’s Department of Science and Technology and Allegiance International Company Limited to develop the proposed industrial park, which will focus on bu…
New Delhi, April 8 (IANS) Global semiconductor revenue is projected to exceed $1.3 trillion in 2026, marking the fastest growth in over two decades, according to a report released on Wednesday.The report by research firm Gartner said the industry is expected to register a 64 per cent growth in 2026 amid strong demand from artificial intelligence (AI) processing, data centre infrastructure and rising memory prices.”Amid high demand for AI processing, data centre networking and power, and memory p…
Sanand (Gujarat), March 31 (IANS) Prime Minister Narendra Modi said on Tuesday that the start of production at Kaynes Semicon’s OSAT facility in Sanand demonstrates the speed and growth of India’s semiconductor ecosystem and its increasing integration with global supply chains. Speaking at the inauguration of the plant, the Prime Minister noted the close timing of developments in the sector.“On February 28, production began at Micron Technology’s facility, and today, on March 31, productio…
Sanand (Gujarat), March 29 (IANS) Sanand’s rapid transformation from an automobile manufacturing centre into a key node in India’s semiconductor ambitions is set to advance further with Prime Minister Narendra Modi scheduled to inaugurate an outsourced semiconductor assembly and test (OSAT) facility by Kaynes Semicon on March 31.The facility, being established at a cost of Rs 3,300 crore, was approved by the Union Cabinet on September 23, 2024, under the National Semiconductor Mission.Locate…