Micron Financial News

(Updated — March 15, 2024 11:35 AM EDT)

semiconductor hub and will also raise the country’s profile in the global semiconductor value chain,” Prime Minister Narendra Modi on Wednesday said. Modi on Wednesday laid the foundation stone for India’s first pure-play commercial semiconductor chip manufacturing foundry by the Tata Group at Dholera in Gujarat.

Vedanta-Foxconn joint venture, is expected to have an investment of around $20 billion. In a significant boost to India's efforts to establish a robust semiconductor ecosystem, Prime Minister Narendra Modi on Wednesday laid the foundation stones for three new chip manufacturing plants, two in Gujarat and one in Assam. The event, titled 'India's Techade: Chips for Viksit Bharat,' marked a milestone in the country's endeavour to ramp up its semiconductor industry.

Electronics & IT (MeitY) has been working aggressively on multiple areas, particularly, to boost domestic semiconductor industry, and the use of artificial intelligence (AI) responsibly. In an interaction with ET's Muntazir Abbas, MeitY secretary, S Krishnan, a 1989 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, who took over barely six months back, is at the helm of many prestigious initiatives, and in an exclusive interaction talks on semiconductor ecosystem, mobile components manufacturing, deepfakes menace, and implementation of the Digital Personal Data Protection (DPDP) Act 2023. Edited excerpts Let’s begin with the government's semiconductor ambition. Now, you have biggies like Micron and Tata, so what's next, and how are you looking at design in India?

Gautam Adani is excited by United States-based chipmaker Qualcomm's plans for India, he said on social media platform X (formerly known as Twitter), on March 11. In his post, Adani said he met with Qualcomm CEO Cristiano R Amon and added that the company's vision and plan for artificial intelligence (AI), emerging technologies and semiconductors in India "inspired" him. "Great meeting with Qualcomm CEO @cristianoamon & his leaders! Inspiring to hear his vision for semiconductors, AI, mobility, edge appliances and much more across different markets.

Chip giant Qualcomm's vision and plans in the domains of semiconductors, AI and other emerging techs have caught the attention of Indian business magnate Gautam Adani. The Adani Group chief shared details of his meeting with Qualcomm CEO Cristiano R Amon on social media on March 11, saying that he is enthused by the chip giant's work.

₹76,000 crore, as it expects a mushrooming of chip fabs and testing units in the country in the years ahead. India will emerge as one of the top five semiconductor ecosystems in world in the coming five years, IT minister Ashwini Vaishnaw said in an interview. This will be backed by investments by global majors that are increasingly considering India for setting up fabrication or other units, the minister said.

Chinese tech companies, including memory chipmaker ChangXin Memory Technologies Inc., according to people familiar with the matter, in a fresh bid to restrain the Asian country’s development of advanced semiconductors. The US Commerce Department’s Bureau of Industry and Security is considering adding ChangXin to its so-called Entity List, which restricts companies’ access to US technology, said the people, who asked not to be identified because the conversations are private. BIS is also considering restricting five other Chinese firms, the people said, while emphasizing that the list isn’t final.

India will soon start making equipment for semiconductor manufacturing, Union telecom and IT minister Ashwini Vaishnaw said on Saturday. «The entire semiconductor ecosystem of fabs, ATMP units, chemicals, gases, substrate, consumables and equipment for semiconductor manufacturing will be made in India,» he said. He was speaking at the inauguration of American chip equipment supplier Applied Materials' India Validation Centre in Bengaluru which was set up at a cost of $20 million.

India will soon start making equipment for semiconductor manufacturing, IT minister Ashwini Vaishnaw said on Saturday. “The entire semiconductor ecosystem of fabs, ATMP units, chemicals, gases, substrate, consumables and equipment for semiconductor manufacturing will be made in India,” he said. He was speaking at the inauguration of American chip equipment supplier Applied Materials’ India Validation Centre in Bengaluru which was set up at a cost of $20 million.

₹91,000 crore, is projected to produce 3 billion chips annually, in 28 nanometers (nm), 50nm, 55nm, and 90nm 'nodes', Vaishnaw added. Experts said the move could mark the beginning of India's evolution as a market that not only produces components, but also manufactures indigenous products. “Almost everything is imported today.

MOIL Ltd.(up 2.98%), Ashapura Minechem Ltd.(up 2.37%), NMDC Ltd.(up 0.59%), Sandur Manganese & Iron Ores Ltd.(up 0.52%), The Orissa Minerals Development Company Ltd.(up 0.37%), Coal India Ltd.(up 0.29%), 20 Microns Ltd.(up 0.25%) and Gujarat Mineral Development Corporation Ltd.(up 0.11%) were among the top gainers.

U.S. officials across the political spectrum have described Chinese corporate theft as a defining threat of our times. A Justice Department loss last week underscores the challenges in addressing it.

₹7,600 crore (or $222 million) semiconductor facility in Sanand, Gujarat, as part of India's chip push. The Union Cabinet on February 29 approved the establishment of three semiconductor plants with a combined investment of ₹1.26 lakh crore. To encourage domestic manufacturing of semiconductors, the government is also offering incentives amounting to ₹76,000 crore.

Lexus Granito(India)Ltd.(up 3.98%), MOIL Ltd.(up 3.77%), Madhav Marbles & Granites Ltd.(up 3.42%), Pokarna Ltd.(up 2.77%), Ashapura Minechem Ltd.(up 1.98%), Sandur Manganese & Iron Ores Ltd.(up 1.72%), Gujarat Mineral Development Corporation Ltd.(up 1.70%), Coal India Ltd.(up 1.45%), NMDC Ltd.(up 1.42%) and Aro Granite Industries Ltd.(up 1.11%) were among the top gainers.

Investing.com-- South Korea’s KOSPI rose sharply and moved back towards near two-year highs on Wednesday, with support coming chiefly from chipmaker SK Hynix on growing hype over artificial intelligence.

Micron Technology has started mass production of its high-bandwidth memory (HBM) semiconductors for use in Nvidia's latest chip for artificial intelligence, sending its shares up more than 5% on Monday. The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for chips that power generative AI applications.

(Updated — February 26, 2024 11:04 AM EST)

₹5,000, featuring 7 top picks. Indoor air quality is increasingly vital in today’s world and these budget-friendly solutions offer peace of mind and cleaner living spaces, especially if you live in big cities where pollution is at an all-time-high. Our picks include air purifiers with compact designs and powerful filtration systems, making each purifier a meticulously chosen device to meet varying needs of different users while staying within budget constraints.

Lexus Granito(India)Ltd.(up 3.28%), Madhav Marbles & Granites Ltd.(up 2.48%), 20 Microns Ltd.(up 2.31%), MOIL Ltd.(up 0.53%), The Orissa Minerals Development Company Ltd.(up 0.53%), Coal India Ltd.(up 0.52%), Ashapura Minechem Ltd.(up 0.44%) and Pokarna Ltd.(up 0.02%) were among the top gainers.

₹25,000 crore semiconductor packaging plant which will be established in partnership with the Assam government and Tata Group, minister of state for electronics and IT Rajeev Chandrasekhar said at the Future Skills Summit in Guwahati, on Thursday. “A semiconductor packaging plant will be established in partnership with the Assam government and Tata Group. We will soon obtain all approvals and submit it to the cabinet for final approval.