Page 5 - Semiconductor

Two Indian companies to pick up over 26% but less than 51% stake in ISMC

Next Orbit director refuses to divulge names though talks were reportedly on with HCL, Reliance Industries

Near-term margin concerns an overhang on Kansai Nerolac Paints' stock

Higher advertising costs and demand worries could put pressure on profitability

Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23

The stock of automobiles major traded close to its record high level of Rs 10,000, which it had touched on December 20, 2017

India signs deal with Belgium-based IMEC to get chip-making technology

Cutting-edge tech from Belgium-based IMEC will be transferred to the company that sets up a semiconductor plant in India

Govt focused on enhancing Internet penetration: IT Minister Chandrasekhar

Union Minister of State for Electronics & IT, Rajeev Chandrasekhar on Thursday said that the Centre is undertaking various collaborative measures to enhance "underlying technologies like microelectronic and semiconductor to increase Internet penetration".

S Korean chipmaker SK Hynix may sell its manufacturing operations in China

South Korean computer chipmaker SK Hynix said on Wednesday it might be forced to sell its manufacturing operations in China if a US crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies. SK Hynix's chief marketing officer, Kevin Noh, raised those concerns during a conference call on Wednesday after the company reported its operating profit dropped 60 per cent in the last quarter from 2021, a decline it blamed on a deteriorating business environment. Global inflation amplified by Russia's war on Ukraine and rising interest rates imposed by central banks to counter surging prices have slowed consumer spending on the kinds of high-tech products requiring computer chips. SK Hynix and other semiconductor makers are also navigating new US restrictions on exports of advanced semiconductors and chipmaking equipment to China. Such limits were in part imposed to prevent use of American advanced technology in China's military development. SK Hynix s

China chip start-up shows key gap in Biden export curbs: Report

Biren Technology develops artificial intelligence chips and is considered a promising domestic contender to compete with graphics chips from Nvidia

Samsung gets temporary approval on China chip manufacturing facilities

Samsung Electronics has been granted an exception that will allow it to continue to at least temporarily maintain memory-chip production facilities in China, according to a Biden administration official, a week after the US tightened export rules for China, limiting its ability to get advanced computing chips. The official, who was not authorised to comment and spoke on the condition of anonymity, said that Samsung has received a license for the equipment needed to maintain existing facilities but not to export chips that are prohibited. The US Commerce Department declined to comment specifically on the Samsung exemption, citing agency rules. But in a prepared statement the department said companies can seek case-by-case authorizations to help mitigate supply chain concerns. Commerce's Bureau of Industry and Security was set to hold a public briefing on the rule Thursday. The Wall Street Journal reported first on Samsung getting the temporary license. Samsung is based in South ...

Govt may clear semiconductor unit proposals in next 30-60 days: MoS IT

The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking at IESA Vision Summit, Chandrasekhar said there has been a tremendous progress in the development of the semiconductor ecosystem in the country in the last 8-9 months. The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with investment of Rs 1.53 lakh crore. Vedanta Foxconn JV, IGSS Ventures, ISMC propose to set up electronic chip manufacturing plants with USD 13.6 billion investment and have sought support of USD 5.6 billion from the Centre under the Rs 76,000 crore Semicon India Programme. "Over the next couple of months, I think over next 30 to 60 days... Government of India and India Semiconductor Mission will be rolling out those proposals that have been scrutinized and that

Results preview: Strong operational show to drive Q2 for auto firms

Easing chip supply, demand for premium models and price hikes at play

US-China chip war wipes out $240 billion as stocks plunge; TSMC slips 8.3%

The Biden administration measures erect barriers of entry to China's market by limiting the ability of US firms to sell equipment and tech to their Chinese counterparts

The global might of the tiny chip

Chip War makes clear, the clash of resounding arms between autocracy and democracy is powered by silicon chips

Chipmakers see 'breathtaking drop' in demand as global recession looms

Samsung reported a 32% dive in operating income, while PC-processor chipmaker AMD said it will miss its earlier forecast by about $1 billion

Samsung sets 5-year plan to lure US chip buyers with tech advances

The company's chip contract-manufacturing unit -- known as a foundry -- is looking to triple its revenue by that year from the 2021 level, Senior Vice President Moonsoo Kang said at a briefing Monday

Apple abandons plans to increase iPhone production after demand falters

Apple had upgraded its sales projections in the weeks leading up to the iPhone 14 release and some of its suppliers had started making preparations for a 7% boost in orders

Silicon Laboratories opens new unit in Hyderabad, plans to triple workforce

The new facility would be the largest global centre for Silicon Lab's engineering and wireless connectivity innovation

Next Orbit-led consortium to mainly have Indian firms as equity holders

The consortium will consist of only Indian companies, with one of them taking a 20-30 per cent stake

Samsung's Q3 earnings outlook grim amid poor global chip demand

The third-quarter earnings outlooks for Samsung Electronics and SK hynix, the world's top two leading chip manufacturers, remain largely grim due to a recent fall in global demand for memory chips

BJP lying on Vedanta semiconductor plant that went to Gujarat: Uddhav

Shiv Sena president Uddhav Thackeray on Wednesday dared the BJP to defeat it in the upcoming Mumbai civic polls, saying his party's relationship with the metropolis was unbreakable. He also accused the Bharatiya Janata Party (BJP) of "lying" on the Rs 1.54 lakh crore Vedanta-Foxconn semiconductor project which has been shifted to Gujarat. Addressing party workers at suburban Goregaon, Thackeray said the Centre is giving huge incentives to the project after it was moved to the adjoining BJP-ruled state. He said, "Union Home Minister Amit Shah has asked his party to show the Shiv Sena its place in the Mumbai civic polls. I dare you to try it. Shiv Sena's relationship with the city was unbreakable and the party was deeply connected with the day-to-day life of ordinary Mumbaikars, rushing to their help whenever required." Thackeray asked the BJP, his former ally, to tell people what was its contribution in building the metropolis apart from consider it just a piece of real estate. ..

Govt tweaks Rs 76k-cr semiconductor, display fab scheme to woo global firms

The Cabinet on Wednesday approved modifications in the scheme for semiconductors and display manufacturing ecosystem, with uniform fiscal support of 50 per cent of project cost for all technology nodes under the ambitious programme. Announcing the decision of the Cabinet, Union Minister Anurag Thakur said the modifications will strengthen the semiconductor scheme, thus raising capacities within the country, encouraging investments, and creating employment opportunities. "Under modified programme, a uniform fiscal support of 50 per cent of project cost shall be provided across all technology nodes for setting up of Semiconductor Fabs," an official release said. Given the niche technology and nature of compound semiconductors and advanced packaging, the modified programme shall provide fiscal support of 50 per cent of capital expenditure for setting up of compound semiconductors / silicon photonics / sensors / discrete semiconductors fabs. "The programme has attracted many global ...