Centre clears $2.7 billion Micron chip testing plant; unit expected to create 5,000 jobs
1 year, 6 months ago

Centre clears $2.7 billion Micron chip testing plant; unit expected to create 5,000 jobs

Firstpost  

The central government has approved US-based chip maker Micron’s project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country, sources told PTI. The government agreed to production-linked incentives worth 110 billion rupees for the plant, which is set to be built in PM Modi’s home state of Gujarat, Reuters reported quoting an official. Micron Technology’s plans come as the White House presses U.S. chip companies to invest in India with talks ongoing about possible further investments, U.S. administration officials told Reuters. The source added that Micron’s India plant would boost Modi’s vision of making India a semiconductor base but true success would require actual manufacturing.

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History of this topic

Nod for Kaynes’ Rs 3.3K crore chip plant in Gujarat
3 months, 3 weeks ago

Nod for Kaynes’ Rs 3.3K crore chip plant in Gujarat

New Indian Express  

NEW DELHI: The government on Monday approved a proposal by Kaynes Semicon Pvt Ltd to set up a semiconductor assembly and testing plant in Sanand, Gujarat. Kaynes Semicon, an arm of Karnataka-based Kaynes Technology, had applied for setting up its OSAT plant in Telangana under the government’s semiconductor mission scheme last year. According to a post on social media platform …

India's first indigenously developed semiconductor chip will be made in Gujarat: CM Patel
4 months, 1 week ago

India's first indigenously developed semiconductor chip will be made in Gujarat: CM Patel

Deccan Chronicle  

Nadiad : Gujarat Chief Minister Bhupendra Patel on Thursday said India's first indigenously developed semiconductor chip will be manufactured in the state, which has so far attracted an investment of Rs 1 lakh crore in electronics and chip manufacturing sectors. "We have so far attracted an investment of Rs 1 lakh crore in the electronics and semiconductor sector and India's …

PM Modi lays foundation stone of three semiconductor facilities
9 months, 1 week ago

PM Modi lays foundation stone of three semiconductor facilities

The Hindu  

Prime Minister Narendra Modi on March 13 said when India commits, it delivers, referring to his government's commitment to make the country a semiconductor manufacturing hub. Mr. Modi was virtually addressing people after laying the foundation stone of three semiconductor facilities of about ₹1.25 lakh crore, which include two in Gujarat and one in Assam. PM Modi lays foundation stone …

PM Modi lays foundation stone of semiconductor projects, addresses youth: Details
9 months, 1 week ago

PM Modi lays foundation stone of semiconductor projects, addresses youth: Details

India TV News  

PM Modi has participated in 'India's Techade: Chips for Viksit Bharat’ program through video conferencing. Fab facility construction in Dholera and more In line with PM Modi's vision, the construction of the semiconductor fabrication facility is laying its foundation at: Dholera Special Investment Region in Gujarat An outsourced semiconductor assembly and test facility at Morigaon in Assam An outsourced semiconductor …

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar
10 months ago

Two multi-billion dollar semiconductor plants to come up in India: Rajeev Chandrasekhar

India TV News  

India is set to witness the establishment of two major semiconductor fabrication plants, each involving multi-billion dollar investments, alongside multiple chip assembly and packaging units, according to Minister of Electronics and IT Rajeev Chandrasekhar. Reflecting on India's semiconductor journey, Chandrasekhar highlighted the strides made since 2014, particularly after the launch of the semiconductor programme in January 2020. Chandrasekhar highlighted India's …

Foxconn & HCL to establish semiconductor assembly and testing unit in India
11 months ago

Foxconn & HCL to establish semiconductor assembly and testing unit in India

Op India  

Taiwan’s Foxconn, also known as Hon Hai Precision Industry, has joined forces with India’s HCL Group to establish an Outsourced Assembly and Testing unit for semiconductor chips. Foxconn, through its subsidiary Foxconn Hon Hai Technology India Mega Development Private Limited, is set to invest $37.2 million, securing a substantial 40% stake in the joint venture, as revealed in a regulatory …

Gujarat in talks with chipmakers in Japan, US, South Korea as PM Modi eyes chipmaking hub
11 months, 2 weeks ago

Gujarat in talks with chipmakers in Japan, US, South Korea as PM Modi eyes chipmaking hub

Firstpost  

With an aim to become a chipmaker for the world, the Gujarat government is in talks with chipmakers in Japan, South Korea and the United States for potential investments in the state. Gujarat has also held talks with Foxconn over a semiconductor plant, and U.S. memory chip firm Micron Technology Inc is also building a chip assembly and testing facility …

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy
1 year ago

‘Generous’ incentives have boosted semiconductor ambitions: IT Secy

The Hindu  

The geopolitical advantage for India of companies and countries looking for resilient semiconductor and electronics supply chains is only going to last for “four or five years,” and that it was important to seize that opportunity within this period, Secretary of Electronics and Information Technology S. Krishnan said on Monday. Circumstances have changed for the industry now, with production-linked incentives …

Goyal meets Micron CEO, discusses semicon ecosystem
1 year, 1 month ago

Goyal meets Micron CEO, discusses semicon ecosystem

Live Mint  

New Delhi: Commerce and industry minister Piyush Goyal met the chief executive of semiconductor giant Micron Technology, Sanjay Mehrotra, during his US trip to discuss business opportunities in the growing semiconductor sector in India, the ministry said on Thursday. “In his discussion with Micron, the minister highlighted how India’s growing semiconductor ecosystem presents vast opportunities for companies to collaborate and …

US firm Micron breaks ground for $2.75 billion semiconductor plant in Gujarat
1 year, 3 months ago

US firm Micron breaks ground for $2.75 billion semiconductor plant in Gujarat

India Today  

Micron Technology, a leading American semiconductor manufacturer, has begun construction of a $2.75 billion semiconductor testing and assembly plant in Gujarat’s Sanand, marking a significant step in India's efforts to meet domestic semiconductor demand and reduce imports. This development comes just three months after Micron first announced its plans to establish the plant, making it the largest investment under the …

Micron’s top supplier Simmtech gets approval for set up unit in Sanand
1 year, 3 months ago

Micron’s top supplier Simmtech gets approval for set up unit in Sanand

Live Mint  

Sanand: The top supplier to US chipmaker Micron Technology, Inc., Simmtech, which makes substrates, has received approval for setting up a unit in Sanand, Gujarat, close to the chip maker's facility, Ashwini Vaishnaw, minister for telecom, IT and railways, told Mint on Saturday. While the minister declined to reveal the quantum of investment Simmtech will deploy for manufacturing plant, he …

What will enable Intel to build a ‘fab’ in India?
1 year, 3 months ago

What will enable Intel to build a ‘fab’ in India?

The Hindu  

For India to attract semiconductor fabrication and microprocessor packaging industries into the country, government subsidy is only the first step, according to Christoph Schell, Chief Commercial Officer at Intel. While hinting that India did not currently have the requisite factors in place, Mr Schell said: “I think that over time India will be a very interesting location.” Interacting with journalists …

PM Modi wants India to become a hub of semiconductor industry
1 year, 4 months ago

PM Modi wants India to become a hub of semiconductor industry

The Hindu  

Prime Minister Narendra Modi on July 28 said India would emerge as a global hub of semiconductor and chip-making industry, as he made a strong pitch to global investors, while inaugurating the ‘Semicon India 2023’ conclave in Gujarat. “India understands that semiconductors are not just a national need but a necessity for the world,” Mr. Modi said, adding that attracting …

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead
1 year, 5 months ago

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead

ABP News  

New Delhi: Micron Technology's announcement regarding the establishment of a cutting-edge semiconductor assembly, testing, and packaging plant in Sanand, Gujarat, has reignited fresh hope for India's aspirations to become a global semiconductor supply chain hub. "Semiconductor manufacturing involves various stages and each of these stages may involve a completely different category of vendor," says Kanishka Chauhan, Senior Principal Analyst at …

US chipmaker Micron's Semiconductor plant in India expected to reduce mobile-laptop costs: Know how
1 year, 6 months ago

US chipmaker Micron's Semiconductor plant in India expected to reduce mobile-laptop costs: Know how

India TV News  

During Prime Minister Narendra Modi's visit to the United States, a significant breakthrough was achieved, Micron Technology, an American semiconductor maker, has announced plans to establish India's first semiconductor plant in Sanand, Gujarat. This significant development, resulting from Prime Minister Narendra Modi's visit to the United States, shows a stride towards making India a hub for semiconductor chip production and …

Micron plant to produce first made-in-India chip in December 2024: Union Minister Ashwini Vaishnaw
1 year, 6 months ago

Micron plant to produce first made-in-India chip in December 2024: Union Minister Ashwini Vaishnaw

The Hindu  

The $2.7-billion semiconductor assembly and testing plant to be built by U.S.-headquartered Micron in India will produce its first chip in six quarters, that is, in December 2024, Minister of Electronics and Information Technology Ashwini Vaishnaw said on Friday. Terming semiconductors a “foundational technology” used in most electronic appliances like phones and computers besides cars, Mr. Vaishnaw said the investment …

US, India Defence Ties To Witness ‘Unprecedented Co-production, Tech Transfer’ Plans
1 year, 6 months ago

US, India Defence Ties To Witness ‘Unprecedented Co-production, Tech Transfer’ Plans

ABP News  

New Delhi: Prime Minister Narendra Modi and US President Joe Biden sought to welcome the “next generation” of US-India defence partnership as they vowed to work closely on “unprecedented co-production and technology transfer” plans in the defence sector, according to a joint statement. The statement, which was issued after a bilateral meeting between Modi and Biden in Washington DC Thursday, …

Micron semiconductor test, assembly plant to be set up in Gujarat
1 year, 6 months ago

Micron semiconductor test, assembly plant to be set up in Gujarat

Live Mint  

Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion, the company said on Thursday. Micron semiconductor test, assembly plant to be set up in Gujarat with total investment of USD 2.75 billion. The assembly and testing factory, which will total $2.75 billion after Indian investment, …

Government approves $2.7-billion Micron's chip plant; unit expected to create 5,000 jobs
1 year, 6 months ago

Government approves $2.7-billion Micron's chip plant; unit expected to create 5,000 jobs

The Hindu  

The government has cleared U.S.-based chip maker Micron's project to set up a semiconductor test and packaging unit worth $2.7 billion in the country, according to sources. Micron's OSAT proposal was cleared after the government modified the semiconductor programme and increased the incentives. In the first phase, the government had cleared four OSAT projects which included proposals by Tata Group, …

Cabinet approves Micron’s $2.7bn semiconductor packaging plant
1 year, 6 months ago

Cabinet approves Micron’s $2.7bn semiconductor packaging plant

Live Mint  

The Indian cabinet has given its approval to US chipmaker Micron Technology's plan to invest $2.7 billion to set up a semiconductor testing and packaging unit in Gujarat, Reuters reported on Tuesday. Micron's Assembly Testing Marking and Packaging will be built in Sanand, the report added citing source. The report said Micron Technology's plans come as the White House presses …

American chipmaker Micron mulls large investment in India: source
1 year, 6 months ago

American chipmaker Micron mulls large investment in India: source

The Hindu  

American chipmaker, Micron Technology, is in the process of deciding whether to make a $1 Bn-$2 Bn investment in a chip packaging plant in India, a source familiar with the discussions told The Hindu. The state visit is heavily focused on defence and advanced technology with two defence deals likely to be concluded — one, for 31 MQ-9 B Predator …

From mobile phones to chips, India manufacturing enters golden era
1 year, 6 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 10 months ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

Karnataka may become the first state to have a chip fab
2 years, 1 month ago

Karnataka may become the first state to have a chip fab

Live Mint  

NEW DELHI : The International Semiconductor Consortium’s proposed $3 billion chip fab in Mysuru is likely to start construction as early as February if the central government okays the company’s application for financial incentives. Here’s why Five charts tell the floundering story of multiplexes How a Delhi couple bought first home for ₹37 lakh He added that ISMC would make …

Centre likely to clear semiconductor unit proposals in next 30-60 days: MoS IT Rajeev Chandrasekhar
2 years, 2 months ago

Centre likely to clear semiconductor unit proposals in next 30-60 days: MoS IT Rajeev Chandrasekhar

Firstpost  

The government has received proposals from five companies for setting up electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore Bengaluru: The government is likely to start approving proposals to set up electronic chip and display manufacturing plants in the country in the next 30-60 days, Minister of State for Electronics and IT Rajeev Chandrasekhar …

Micron to invest up to $100 billion to build chip factory in upstate New York
2 years, 2 months ago

Micron to invest up to $100 billion to build chip factory in upstate New York

CNN  

CNN — Micron on Tuesday said it would invest up to $100 billion over the next two decades to build a massive semiconductor factory in upstate New York. The Idaho-based firm said it plans to build the “largest semiconductor fabrication facility in the history of the United States” in Clay, New York. In a statement Tuesday, Micron President and CEO …

Explained | A push for the semiconductor industry
2 years, 2 months ago

Explained | A push for the semiconductor industry

The Hindu  

The story so far: In a bid to make India’s $10 billion chip-making initiative more attractive to investors, the Centre on September 21, approved changes to the scheme for the development of a semiconductor and display manufacturing ecosystem in the country. In December 2021, India announced its roughly $10 billion dollar production-linked incentive scheme to encourage semiconductor and display manufacturing …

Modi govt woos Intel, TSMC to set up semiconductor plants in India
2 years, 7 months ago

Modi govt woos Intel, TSMC to set up semiconductor plants in India

Live Mint  

India is in talks with global chipmakers Intel Corp., GlobalFoundries Inc. and Taiwan Semiconductor Manufacturing Co. about setting up local operations, part of efforts to center more high-tech manufacturing in the country. India Gets $20.5 Billion in Investment Proposals for Chip Production In India, a venture between billionaire Anil Agarwal’s Vedanta Group and Foxconn Technology Group has shown interest in …

A billion for every chip-maker who 'makes in India'
3 years, 8 months ago

A billion for every chip-maker who 'makes in India'

The Hindu  

India is offering more than $1 billion in cash to each semiconductor company that sets up manufacturing units in the country as it seeks to build on its smartphone assembly industry and strengthen its electronics supply chain, two officials said. A consortium of investors led by Abu Dhabi-based fund Next Orbit Ventures has shown interest in setting up in India, …

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