Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem
The minister said that beside Rs 76,000 crore semicon programme, the government has also approved modernisation of SemiConductor Laboratory, Mohali as a brownfield Fab
Chip manufacturing in Europe has dropped from 24% of global production capacity in 2000 to a current 8%, and chipmaker ASML warned that it could fall to 4% if no action is taken
The 15 billion euros will come on top of 30 billion euros of public investments already planned through various EU programs
According to the FADA data, if the overall sales figure is compared with the January 2020 figure, when automobile companies sold 1.76 million units, the decline is over 18 per cent.
MeitY will hire top officials to fill various positions like CEO, CTO and CFO others for 'India Semiconductor Mission' as it looks to build electronic chip and display ecosystem in the country
The Japanese industrial conglomerate will build a cutting-edge 300-millimeter fabrication plant in central Japan for power management chips
Top passenger vehicle makers, Maruti Suzuki, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor and Honda, on Tuesday reported decline in vehicle dispatches from factories to dealers in January amid shortage of semiconductors continuing to hamper production. However, Tata Motors and Skoda Auto India posted huge jump in their domestic wholesales during the month. Maruti Suzuki India's domestic sales slipped by 8 per cent to 1,36,442 units last month as against 1,48,307 units in January 2021. "The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in domestic market. The company took all possible measures to minimise the impact," MSI said in a statement. Similarly, Hyundai Motor India Ltd reported a 15.35 per cent drop in its domestic sales to 44,022 units last month against 52,005 units in January 2021. In contrast, Tata Motors' total passenger vehicles sale was higher at 40,777 units last month as compared to 26,978 units
It is optimistic of being a net debt-free company by 2024
A strong Q3, order book and easing chip availability situation to support sentiment
The massive 50% surge comes from additional requirements for online learning and WFH; however, demand outstrips actual growth due to chip crunch
The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making
The planned investment includes 3,000 permanent jobs on the 1,000-acre site in New Albany, Ohio.
The new Exynos 2200 processor is built using Samsung's most advanced 4nm fabrication process and is the industry's first mobile chip with hardware support for ray tracing
The Ministry of Electronics and Information Technology (MeitY) is seeking applications from 100 domestic companies, start-ups and MSMEs under its Design Linked Incentive Scheme.
Sales of automobiles across all segments in India, the world's fifth-largest market, hit a multi-year low in the December quarter owing to pandemic-induced factors
The auto industry body expects current quarter to be better but stops short of sharing any guidance owing to pandemic related uncertainties
It intends to spend $40 billion to $44 billion expanding and upgrading capacity in 2022
For the October-December period, TSMC's net profit reached a record NT$166.23 billion
TSMC posted a 16.4% rise in quarterly profit to a record, thanks to robust global demand for semiconductors