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Japanese Firms are Planning to Establish Semiconductor Units in India India is quickly becoming a strong contender in the global semiconductor market, with Japanese companies showing great interest in setting up semiconductor manufacturing units in the country. According to Deloitte, Japan’s advanced technology and expertise are a perfect match for India’s ambitious goal of building 10 semiconductor plants within the next decade. This… |
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British International Investment Announces $33.5M Investment in India’s EV Sector British International Investment commits $33.5M to India’s EV sector, including $15M for Everest Fleet, $15M for TI Clean Mobility and $3.5M for Vecmocon, totaling $328M in overall commitments in India EV Sector. British International Investment (BII), the UK’s development finance institution and impact investor, has announced $33.5 million in funding to… |
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Delhi Government Announces the Extension of EV Policy Till March 2025 Delhi EV policy, buyers of electric two-wheelers will get ₹5000 per kWh of battery capacity as a subsidy, up to a maximum of ₹30000. For electric three-wheelers, a flat subsidy of ₹30000 is offered, regardless of the vehicle’s battery size or price. The Delhi government has extended its Electric Vehicle (EV) policy till March 31,… |
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Lam Research to Support Tata’s Dholera Semiconductor Fab Lam Research India plans to establish an office at Tata Electronics upcoming semiconductor fabrication facility in Dholera, Gujarat. This chip manufacturing plant by TATA, being developed in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC), is set to become India’s first semiconductor fab, with the capacity to produce up to 50000 wafers each… |
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Masayoshi Son Aims to Make India a Global Chip Capital Masayoshi Son has invested $11 billion in Indian startups in this decade. SoftBank owns 90% shares of Arm Holdings, which aims to train one million chip designers in India. Global AI infrastructure investments are expected to reach trillions. Japanese billionaire and SoftBank founder Masayoshi Son is focused on making India a global… |
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Neuralink Launches Brain Chip Trials in Canada for Paralysis Neuralink has taken an important step in advancing its innovative brain-computer interface (BCI) technology by launching its first international clinical trial in Canada. The trial Called the CAN-PRIME Study has received approval from Health Canada followed by the success of Neuralink's PRIME Study in the United States. It aims to test the safety and basic… |
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Foxconn Considers Tamil Nadu for Battery Plant Expansion Foxconn, a global leader in electronics manufacturing, is in discussions with the Tamil Nadu government to establish a Battery Energy Storage System (BESS) facility in the state. The Tamil Nadu government has offered approximately 200 acres of land for the proposed project, located near Manalur in the Tiruvallur district. This move is part of Foxconn's broader… |
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HMD Global Shifts Major Manufacturing Operations from China to India Finland phone maker HMD Global, known for manufacturing Nokia-branded feature phones, is shifting a significant portion of its manufacturing operations from China to India. This strategic move aims to establish India as the company’s global manufacturing hub, strengthened by domestic partnerships and a strong focus on exports. Ravi Kunwar, CEO and VP for India and… |
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AMD Positions India as a Key Hub for Semiconductor Investment AMD is investing $400 million in India by 2028, with Bengaluru hosting its largest R&D center outside the US, employing 8000+ people, making up 25% of AMD's global workforce. AMD, a global leader in semiconductor technology, has confirmed its commitment to India, positioning the country as a key development hub for the company’s… |
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IESA EV Fast Charging Summit: Need $30Billion Investment in EV Infrastructure India’s EV sector requires an investment of $20-30 billion to boost charging infrastructure. The PM E-DRIVE Scheme, with a ₹10900 crore allocation, aims to support over 28 lakh electric vehicles and 88500 charging sites. India’s electric vehicle (EV) sector requires an investment of $20-30 billion to expand its charging… |
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Karnataka to Boost Semiconductor Industry with Strong Support and Incentives Karnataka’s Industries Minister, MB Patil, has called on the Central Government to adopt a more inclusive approach to industrial development, particularly emphasizing the state's readiness to lead in semiconductor manufacturing. Patil highlighted that Karnataka’s strong infrastructure, skilled workforce and advanced research capabilities position it as the ideal… |
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Tata’s New Semiconductor Unit in Assam to Produce 48 Million Chips Daily The Morigaon semiconductor plant by TSAT, with a Rs. 27000 crore investment, will produce 48 million chips daily, creates around 28000 job opportunities and enhance India’s global semiconductor competitiveness. India’s vision of becoming a global leader in semiconductor manufacturing is gaining momentum with the establishment of a… |
