New Delhi, July 10 (IANS) The Central government’s decision to rationalise customs duties on capital equipment and critical inputs for electronic good production will deepen domestic value addition and attract investment, industry bodies said on Friday.The government has rationalised duties for inputs in lithium‑ion battery cell manufacturing, display assemblies and wireless charging inductor coil modules.Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) …
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New Delhi, July 9 (IANS) India and Australia on Thursday announced a Partnership on Cyber, Critical Technologies and Supply Chains (PACTS) to deepen cooperation in these sectors and strengthen supply chain resilience by building on the 2020 Framework Arrangement on Cyber and Cyber Enabled Critical Technology Cooperation.”The PACTS aims to support our shared interest in national and regional security, empower our partners with greater digital choices, make critical supply chains more resilient, a…
Seoul, July 8 (IANS) South Korea posted an all-time high current account surplus in May on robust exports of semiconductors, central bank data showed on Wednesday.The current account surplus totalled $38.61 billion in May, up from $28.29 billion the previous month, according to the data from the Bank of Korea (BOK).It marked the largest monthly current account surplus ever, renewing the previous record of $37.93 billion set in March, reports Yonhap news agency.Compared with the same month a year…
New Delhi, July 7 (IANS) India has significantly expanded its global outreach to secure supplies of critical minerals and strengthen semiconductor supply chains, signing partnerships with 24 countries while holding negotiations with 11 others over the past two years.The initiative forms part of the government’s broader strategy to reduce dependence on concentrated supply sources and ensure long-term access to minerals essential for clean energy, electric vehicles (EVs), advanced manufacturing, d…
Seoul, July 7 (IANS) South Korea-based Samsung Electronics Co. on Tuesday estimated its second-quarter operating profit at nearly 90 trillion won (US$58.8 billion), marking another quarterly record as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings.The South Korean technology giant said operating profit for the April-June period is expected to total 89.4 trillion won, up 1,181 percent from a year earlier, according to its earnings guidance, reports Yonhap N…
New Delhi, July 6 (IANS) India has emerged as a contrarian investment opportunity within the emerging market universe as the ongoing rally in the asset class become increasingly concentrated around semiconductor companies, according to a report.The report by DSP Netra said that the MSCI Emerging Markets (EM) Index has recovered to levels last seen in 2021, but the rally has been driven by a narrow set of markets and stocks.Among the four markets with index weights exceeding 5 per cent. India is …
Sanand (Gujarat), July 4 (IANS) In a powerful symbol of India’s rising technological prowess, Prime Minister Narendra Modi on Saturday inaugurated the CG Semi OSAT facility, declaring that Gujarat’s Sanand is fast emerging as India’s answer to Silicon Valley.Just two years after the foundation stone was laid in 2024, the plant has moved with remarkable speed, commencing chip testing by August 2025 and now beginning full commercial production.“This is what happens when India resolves to do …
Ahmedabad, July 3 (IANS) India’s semiconductor manufacturing push is set to take another step forward with the launch of commercial chip production at CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, on July 4.The project, approved by the Union Cabinet in February 2024 under the India Semiconductor Mission, has been developed by CG Semi Pvt. Ltd., a subsidiary of CG Power and Industrial Solutions Limited, with an investment of Rs 7,500 crore.The facility h…
Washington, July 3 (IANS) US President Donald Trump said the United States must remain ahead of China in the race to dominate artificial intelligence, describing AI as a technology with greater long-term significance than the internet.Speaking in an interview with CNBC, Trump said maintaining American leadership in AI was a strategic priority and warned against allowing China to overtake the United States.”AI is bigger than the internet,” Trump said.”I’ve never seen anything. The internet was a …
Seoul, June 29 (IANS) South Korea on Monday unveiled an ambitious plan to build a new semiconductor manufacturing hub in the country’s southwestern region through 800 trillion won ($518 billion) in corporate investment.The proposed investment underscores Seoul’s determination to maintain its dominance in memory chips, which have become increasingly critical amid a global artificial intelligence (AI) boom, while advancing the government’s goal of more balanced regional development, reports Yonhap…