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…
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New Delhi, March 25 (IANS) The bilateral trade between India and Taiwan recorded a robust 17 per cent increase in 2025, compared with the previous year, to touch the $12.5 billion mark, according figures compiled by the Taipei Economic and Cultural Center (TECC) here.India’s exports to Taiwan amounted to $3.3 billion, consisting of mineral fuels, aluminium, iron, steel, organic chemicals and plastics while Taiwan’s exports to India amounted to $9.2 billion, comprising mainly electronic integ…
Washington, March 25 (IANS) As the Trump Administration expands its strategic competition with China across artificial intelligence, semiconductors, and biotechnology, top American lawmakers warned that the contest is not just technological but a “moral fight” that will shape global power and economic security.At the Hill & Valley Forum in Washington, senior lawmakers outlined a multi-front strategy to counter China’s rise in critical technologies, combining export controls, domestic i…
Seoul, March 24 (IANS) Seoul stocks trimmed earlier gains late on Tuesday morning, despite easing military tensions between the United States and Iran.The benchmark Korea Composite Stock Price Index (KOSPI) inched up 45.02 points, or 0.83 percent, to 5,450.77, as of 11:20 a.m.The index reduced its gains following a sharp rebound of over 4 percent in the opening bell, as the broader market came under selling pressure from foreign investors, reports Yonhap news agency.Overnight, major U.S. stock i…
Seoul, March 10 (IANS) The South Korean economy expanded 1 per cent in 2025 amid strong exports but posted negative growth in the fourth quarter, central bank data showed on Tuesday.The country’s real gross domestic product (GDP) — a key measure of economic growth — contracted 0.2 per cent from the previous quarter in the October-December period, compared with its earlier estimate of a 0.3 per cent contraction, according to the preliminary data from the Bank of Korea (BOK).It marked the countr…
Seoul, March 6 (IANS) South Korea recorded its fifth-largest monthly current account surplus in January, driven by a semiconductor upcycle and strong exports, central bank data showed on Friday.The current account surplus totalled US$13.26 billion in January, down from $18.7 billion in December, according to the Bank of Korea (BOK).Compared with the same month a year earlier, however, the figure surged 397.4 percent, marking the fifth-largest monthly surplus on record, reports Yonhap news agency…
Seoul, March 2 (IANS) The average daily trading value on South Korea’s main stock market reached a record high of over 30 trillion won ($20.7 billion) in February, driven by a rally in semiconductor shares.The benchmark Korea Composite Stock Price Index (KOSPI) rose above the 6,000-point level on Wednesday, less than a month after surpassing the 5,000 mark, reports Yonhap news agency.Average daily turnover on the KOSPI market reached 32.23 trillion won last month, up 19 percent from 27.06 trilli…
Gandhinagar, March 1 (IANS) The Gujarat government, on Sunday, unveiled its Science, Technology and Innovation (STI) Policy 2026–31 as Chief Minister Bhupendra Patel inaugurated the Gujarat SemiConnect Conference-2026 in Gandhinagar and outlined the state’s plans to expand semiconductor manufacturing, design and research. The conference, organised by Gujarat’s Department of Science and Technology under the theme “Gujarat: India’s Silicon Gateway”, was attended by the Union Electronics and IT M…
Seoul, March 1 (IANS) South Korea’s exports jumped nearly 30 per cent from a year earlier in February to mark the highest level ever recorded for the month, driven by growing demand for semiconductors amid the artificial intelligence (AI) boom, government data showed on Sunday.Outbound shipments totaled $67.45 billion last month, up 29 per cent from $54.2 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The record…
New Delhi, Feb 28 (IANS) The India Electronics and Semiconductor Association (IESA) on Saturday congratulated the government and US-based Micron Technology on the historic inauguration of state-of-the-art ATMP (assembly, testing, marking and packaging) facility in Sanand, Gujarat, by Prime Minister Narendra Modi.Terming the event a defining milestone in India’s semiconductor journey, Ashok Chandak, President, IESA, who was present at the inauguration, said that “this is not merely the inaugu…