Page 6 - Semiconductor

Vedanta Resources' semiconductor plans won't chip away at liquidity: S&P

Mining mogul Anil Agarwal-led Vedanta Resources' credit profile will unlikely be weighed down by the group's planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S&P Global Ratings said on Monday. "This is because the company has reiterated that the USD 20 billion related investment will be carried out outside of Vedanta Resources. The business will be undertaken in a separate entity under Vedanta Resources' holding company Volcan Investments Ltd," it said. Vedanta and its partner and Taiwanese electronics manufacturing giant Foxconn last week signed a pact with the Gujarat government for setting up a semiconductor factory in Gujarat. Semiconductor chips, or microchips, are essential pieces of many digital consumer products - from cars to mobile phones and ATM cards. The Indian semiconductor market was valued at USD 27.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of nearly 19 per cent to reach USD 64 billion in 2026. But none of ..

Vedanta-Foxconn plant site in Gujarat to be finalised in 2 weeks: Official

Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various sites in Gujarat based on technical aspects, commercial viability and connectivity to set up the semiconductor and a display fabrication unit in the state, Nehra told PTI. In the biggest ever corporate investment in the history of independent India, a joint venture of the Vedanta and Foxconn had on September 14 signed a Memorandum of Understanding (MoU) with the Gujarat government to invest Rs 1,54,000 crore to set up the plant in the state. Nehra had signed the MoU on behalf of the state government. "Vedanta and Foxconn have hired sector experts who are evaluating possible sites for the upcoming plant in Gujarat. Earlier they were ...

China's chip output shrinks as India, US ramp up local manufacturing

As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August

'Gujarat not Pakistan': Fadnavis on Vedanta-Foxconn semiconductor project

Amid mounting criticism over Gujarat bagging a multi-billion Vedanta-Foxconn semiconductor project, Maharashtra Deputy Chief Minister Devendra Fadnavis on Friday said the neighbouring state was not a part of Pakistan and alleged a "10 per cent commission" had to be paid for availing any subsidy during the previous Maha Vikas Agahdi (MVA) government. Without naming the Uddhav Thackeray-led Shiv Sena, Fadnavis targeted the party for opposing big-ticket projects like a refinery in Maharashtra which had the potential of taking the state ahead of others for the next ten years, as he slammed his former ally for stalling the Mumbai-Ahmedabad bullet train and Mumbai Metro 3 infrastructure ventures. Fadnavis said after taking over as the deputy chief minister in June-end, he personally met Vedanta chairman Anil Agarwal and Maharashtra even offered a tailor-made package to the company to match up the Gujarat offer, but he was told a decision to move the semiconductor unit to Gujarat was in

iPhone maker Foxconn's India plant should draw lessons from the US

Wisconsin never hit its targets. And neither will Gujarat

IGSS signs up three equity partners for $3.5-bn wafer plant in Tamil Nadu

Vedanta-Foxconn announced an MOU to set up its chip and display plant in Gujarat on Wednesday

Vedanta sees no funding problems for $19.5-bn chip JV with Foxconn

Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Amid chip shortage, Indian banks reach out to govt, seek CCI intervention

Indian banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers.

Vedanta-Foxconn sees Guj semiconductor plant reaching break-even in 5 yrs

Signs MoU with state govt; Vedanta to invest $10 billion of the $20 billion earmarked for the project in the first phase

Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report

Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source

Biden to hit China with broader curbs on US chip and tool exports

The letters forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors unless sellers obtain Commerce Department licenses.

Passenger vehicle dispatches surge 21% in Aug on better chip supply, demand

Passenger vehicle wholesales in India witnessed a 21 per cent annual growth in August riding on improved supplies of semiconductors and festive demand, according to Society of Indian Automobile Manufacturers. As per the latest data released by industry body Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,81,210 units last month, against 2,32,224 units in August 2021. Similarly, total two-wheeler wholesales increased to 15,57,429 units last month, compared to 13,38,740 units in the year-ago period, a growth of 16 per cent. Total three-wheeler sales rose to 38,369 units last month against 23,606 units in August 2021, up 63 per cent. Sales across segments rose by 18 per cent to 18,77,072 units in August this year, from 15,94,573 units in the same month last year, SIAM said.

Micron to invest $15 bn by 2030 on semiconductor plant in Idaho's Boise

Micron will invest $15 billion though the end of the decade on a new semiconductor plant in its hometown that the chipmaker said will create 17,000 American jobs. Sanjay Mehrotra, president and CEO of Boise, Idaho-based Micron, said his company's investment was made possible by last month's passage of the CHIPS and Science ACT of 2022, a $280 billion bill aimed at bolstering U.S. competitiveness against China and avoiding another chip shortage like the one that derailed the auto and tech industries during the pandemic. The CHIPS law sets aside $52 billion to bolster the semiconductor industry, which due to COVID-related supply chain constraints beginning in 2020, has struggled to manufacture the diminutive chips that power everything from smartphones to computers to automobiles. "Our new leading-edge memory manufacturing fab will fuel U.S. technology leadership, ensuring a reliable domestic supply of semiconductors that is critical to economic and national security, Mehrotra ...

August auto sales see record jump on easing chip shortage, new launches

Cumulative dispatches at India's top seven passenger vehicle makers rose 30.2% year-on-year to 329,300 units from 260,450 units, shows the monthly sales data released by the companies on Thursday

Taiwan Semiconductor Manufacturing Co to soon start 3-nm chip production

TSMC said that it will soon produce ultra-advanced 3-nanometer (nm) chip, as the leading contract chipmaker struggles with supply-chain woes and other constraints

India's chip-making gambit: Ambitious plans or breakthrough strategy?

India has already offered an unprecedented $10 bn as capital subsidy. Is that enough? And is self-reliance the right approach in a mega-buck game, or better to be part of a network, wonders T N Ninan

Companies divided over the size of chips they plan to make in India

Chips of smaller nodes are faster and more profitable, but their factories can cost as much as a nuclear power plant

Biden to attend groundbreaking of Intel's $20 bn Ohio semiconductor plants

Intel Corp will break ground September 9 on its planned USD 20 billion Ohio semiconductor facilities with President Joe Biden in attendance, the company and the the White House said Thursday. When the company's two factories, known as fabs, open in 2025, the facility will employ 3,000 people with an average salary of around USD 135,000. Building the fabs is expected to require 7,000 construction workers. Total investment could top USD 100 billion over the decade with six additional fabs, Intel CEO Patrick Gelsinger has said. It's Ohio's largest ever private economic development project. Biden will speak on "rebuilding American manufacturing" through recently passed laws boosting the semiconductor industry and U.S. infrastructure, the White House said. Expanding semiconductor manufacturing domestically took on new urgency during the pandemic and as most production has shifted overseas. The US share of the worldwide chip manufacturing market has declined from 37 per cent in 1990 to 1

TMS Ep245: Semiconductor chip, low paddy acreage, markets, hostile takeover

Will India become a global player in semiconductor chips? Lower paddy acreage: How will it affect India? Adani acquires stake in NDTV: Will retail investors benefit? What is a hostile takeover?