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Searched Tag: chip manufacturing

India rises as promising chipmaking hub, rivaling China

India rises as top chipmaking equipment hub

June 14, 2024, 03:51 PM - 2 min read

The chipmaking equipment industry is expanding in India due to tensions between China and the West. SEMI's first Semicon exhibition in India will feature major companies, reflecting India's growing semiconductor market, projected to reach $64 billion by 2026, as the country becomes a key semiconductor hub.

Addressing potential barriers to investment in India's semiconductor industry, Joseph Wu, Taiwan's Minister of Foreign Affairs has highlighted several critical challenges hindering the commitment of serious investments from chip companies in the island territory.

Taiwanese official highlights challenges hindering chip investments in India

April 23, 2024, 05:51 PM - 2 min read

Wu pointed out the scarcity of experienced engineers in India's semiconductor industry, stressing the importance of investing in education and training programs to bridge this skills gap and enhance the sector's competitiveness on a global scale.

Tata Electronics plants will gradually serve all sectors in a phased manner by supplying chips and generate around 72,000 jobs over the years, Tata Sons Chairman N Chandrasekaran said.

Tata's expansion into chip manufacturing set to catalyze job creation across industries: N Chandrasekaran

March 13, 2024, 03:44 PM - 2 min read

While speaking on the sidelines of the groundbreaking ceremony of Tata Electronics' Rs 91,000 crore chip manufacturing plant and Rs 27,000 crore chip assembly facility in Assam, Chandrasekaran said there will be the expansion of projects but only after the company cross the early milestones.

India's mobile phone manufacturing skyrockets: Exports hit record high!

March 10, 2024, 04:37 PM - 2 min read

In a remarkable development, India's mobile phone manufacturing sector has witnessed an extraordinary surge, with its value jumping 21-fold to Rs 4.1 lakh crore over the past decade.

Minister of Communications and Information Technology Ashwini Vaishnaw has announced the Modi 3.0 government's strategic initiative to spearhead the domestic manufacturing of AI chipsets.

Modi 3.0 pioneers domestic AI chipsets: Minister Vaishnaw reveals ambitious agenda

March 9, 2024, 12:04 PM - 2 min read

Vaishnaw highlighted the importance of this move, stating, "The next on our agenda, which we will look in the third term of the Modi government, is making AI chipsets." He emphasized that AI chipsets, which encompass graphics processing units (GPUs) and other computing hardware, are vital for the development of AI models, as they require large-scale computing capabilities beyond the capacity of central processing units (CPUs).

India is poised to enter semiconductor manufacturing in the next five years, leveraging its design capabilities and a significant USD 10 billion incentive package, says Union Minister Ashwini Vaishnaw.

India to be on high-stake global stage of chip makers in 5 years: IT Minister Ashwani Vaishnaw

March 4, 2024, 11:44 AM - 2 min read

With Beijing's recent lockdowns disrupting global chip supply chains, India's proposition as a democratic and reliable semiconductor manufacturing destination has gained considerable traction. Minister Vaishnaw remarked that the perception among global players has shifted from "when should we go to India" to "how soon do we go to India," indicating a paradigm shift in investment sentiment towards the country.