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Union Commerce Minister Piyush Goyal delivered a sharp critique of India’s startup ecosystem, highlighting its heavy focus on food delivery, betting, and fantasy sports apps, while contrasting it with China’s advancements in electric vehicles (EVs), battery technology, semiconductors, and artificial intelligence (AI).
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This article is a summary of important events that have taken place in last one week affecting India's national security . US and allies vie with China for semiconductor supremacy, powered by wave of domestic investment.
In a move to enhance cooperation between India and Japan in the realm of semiconductor technology, the Union Cabinet, has acknowledged the Memorandum of Cooperation (MoC) signed in July 2023.
Prime Minister Narendra Modi on Friday invited global semiconductor majors to come and invest in India and asserted that whosoever comes forward will have a “first mover’s advantage.” The theme of the Conference is ‘Catalysing India’s Semiconductor Ecosystem’.
After the United States, Japan has become the second Quad partner to sign an agreement with India for the cooperative growth of the semiconductor ecosystem and the resilience of its global supply chain.
Union Minister Ashwini Vaishnaw has termed the signing of the MoU between the Gujarat government and US chipmaker Micron a "historic day for India." The MoU was signed between the Government of Gujarat and Micron Technology, America's largest semiconductor memory IDM (Integrated Device Manufacturer).
“The first semiconductor unit of India will be set up by Micron Technologies... We’re hopeful that within the next six quarters, we should have the first made-in-India semiconductor chip rolling out of this factory," Vaishnaw was quoted as saying last week in an interview
Prime Minister Narendra Modi has invited American chip maker Micron Technology to boost semiconductor manufacturing in India as the country provides competitive advantages in various parts of the product's supply chain. He also invited Applied Materials to India for the development of process technology and advanced packaging capabilities.
According to the latest announcement of CEO of Vedanta-Foxconn, the Vedanta Group is planning to start building its Rs 1.5 lakh crore semiconductor plant by the fourth quarter of this year
Russia chip making industry is in doldrums due to sanctions which were imposed. TSMC and other suppliers took no time to cut off Kremlin from its supply Chain.
US Commerce Secretary Gina Raimondo on Thursday said that she will sign an MoU on the semiconductor sector with India to promote cooperation in the segment as it holds huge opportunities, reported PTI. Notably, India has on several occasions highlighted its interest in the segment to reduce its dependency on the semi-conductors.
The programme has multiple exit options and the students may opt for a Foundational Level Certificate, Diploma or the BS degree. The ISM is to make the country a global hub for electronics manufacturing and design.
Vedanta group chairman Anil Agarwal said that this project is expected to reduce India's electronic imports besides providing 1 lakh direct skilled jobs, will help the country's manufacturing sector,
Tata Electronics is in talks with large global semiconductor companies and Outsourced Semiconductor Assembly and Test (OSAT) vendors to foray into advanced packaging of semiconductor components, said Raja Manickam, the chief executive of its OSAT arm.
Vedanta Group has expressed interest in setting up an integrated display and semiconductor fabrication eco-system in Maharashtra. The group is looking to invest as much as ₹1.66 lakh crore to set up display fabrication and semiconductor units along with their assembling and testing facilities. The group has partnered with Taiwan-based Foxconn for the project, which will generate over 2,00,000 direct and indirect jobs in Maharashtra.
This project is estimated to provide direct employment to 1,500 persons and indirect employment to 25,000 persons involved in circuit design, vendors selling secondary products, testing semiconductors, etc.
Indian conglomerate Vedanta has earmarked USD 15 billion for a foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as USD 20 billion, a senior company official said.
This week’s announcement that India’s Vedanta Group has tied up with Taiwan’s Foxconn Technology Group to make chips is being lauded as proof that New Delhi is gaining traction with its plans to build a semiconductor industry. That’s hardly the case.
The U.S. House of Representatives on Friday narrowly passed a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition.
