Semiconductor: Page 2

News and Trends

Kaynes Technology Q1 Results: Net Profit Surges Exceeding Estimates

Kaynes Technology India Ltd (KTIL) announced on Friday, July 26, a remarkable 106.5 per cent year-on-year (YoY) increase in net profit, reaching INR 50.8 Crore for the first quarter ending June 30, 2024. This is a significant rise from the INR 24.6 Crore net profit recorded in the corresponding quarter of the previous year, according to the company's regulatory filing. The CNBC-TV18 poll had projected a profit of INR 48 Crore for the reviewed quarter.

Starting a Business

How Indian Startups are Etching Semicon Dreams

The growing focus of the Indian government on the semiconductor industry has led to a burgeoning number of semiconductor startups in the country, which are helping India realize its ambition of becoming a Semiconductor superpower

Leadership

Fuelling India's Silicon Valley Aspirations

India needs to reduce its import bills, for this we need to focus on the three pillars: technology, ecosystem and talent, says Akarsh K Hebbar, global managing director, Vedanta Semiconductors and Display

Technology

The Semiconductor 'FOMO'

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade

News and Trends

India And Japan Sign MoU To Develop Semiconductor Industry

Earlier the government signed a similar MoU with the US in March 2023

News and Trends

Micron To Set Up $2.75 Billion Semiconductor Facility In Gujarat

Reportedly, Micron said that the plant will create up to 5,000 new direct jobs and 15,000 community jobs over the next several years

News and Trends

Government To Deny Funding For Vedanta-Foxconn Chip Venture

As per available reports, the government is likely to tell the venture between Agarwal's Vedanta Resources Ltd. and Taiwan's Hon Hai Precision Industry Co. it won't get incentives to make 28-nanometer chips

Business News

Samsung's Profit Is Down 95% — Now the Apple Rival Is Relying on an 'Unusual' Strategy to Recover

The company's memory chip division saw a record $3.4 billion loss.

News and Trends

Vedanta-Foxconn Semiconductor JV Finally Shares Details Of Technology Partner

The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing

News and Trends

SRAM & MRAM To Invest INR 30,000 Crore In Odisha To Set Up Semiconductor Unit

The investment will be made and utilised in a phased manner, where in the first phase, the group will invest INR 30,000 crore

News and Trends

India Is Poised For a Vibrant Chip Industry In Next 3-4 Years, Says Ashwini Vaishnaw

As per the report, the government is focused on creating and fostering the semiconductor industry and has been actively engaging with all stakeholders

News and Trends

India And US To Sign MoU On Semiconductor Sector

US Commerce Secretary has said that several US companies in the electronics and semiconductor segment have a 'strong' desire to diversify their supply chain and be more resilient

News and Trends

Indian Semiconductor Industry To Reach $55 Billion By 2026: Deloitte

The industry is poised to play an important role in enhancing the global value chain as it will expand to a market size of $85 billion and generate employability for 6,00,000 by 2030

News and Trends

Semiconductor Manufacturing: Vedanta Inks MoU with Japanese Firms

The government of India, in December 2021, launched the India Semiconductor Mission with an incentive outlay of INR 76,000 crore to attract investments in the strategic semiconductor sector

Business News

'These Chips Can Be Proudly Stamped Made In America': Apple Will Manufacture Semiconductor Chips at New Arizona Factory

Amid supply chain difficulties overseas, Apple has said it will build chips for its products at a new factory in Phoenix, Arizona.