PLI Scheme
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Interim Budget 2024: Government Boosts ESDM and Semiconductor Industry, But Fails The EV Sector The visionary step is the allocated Rs 1 Lac Crore amount for innovation and research will help in witnessing new ventures, and top-notch technologies in deep tech areas, specially components research, electronics, and semiconductors Ahead of the Lok Sabha polls, union Finance Minister Nirmala Sitharaman presented the interim budget… |
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Interim Budget 2024: ELCINA Commends Government's Vision for Viksit Bharat and Nation Building Focus on Electronics Sector for empowering the citizens and inclusive growth through Digitalization and Technology The Electronics Industries Association of India (ELCINA) applauded the significant steps announced by the Government for bolstering the Electronics System Design and Manufacturing (ESDM) sector, as unveiled in the… |
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Government Turns Down Duty Exemption And Subsidy Requests For Import of EVs in India Tesla and a couple of other global car-makers want exemption from local value addition of cost in heavy batteries, semiconductors and magnetic parts and also demanded subsidies on the import of cars in India After several rounds of heated discussions and repeated proposals, the union government has finally decided that there are no… |
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ELCINA Announces Winners of the 48th ELCINA Awards for Excellence in Electronics Hardware Manufacturing & Services 2022-23 The Electronic Industries Association of India (ELCINA) is proud to announce the winners of the prestigious ELCINA Awards 2022-23, recognizing outstanding achievements in the Electronics Manufacturing sector. Celebrating its 48th edition, these awards, presented by Electronica India, continue to acknowledge, and applaud the exceptional contributions of electronics… |
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Why Foxconn Pulls Out $19.5 Bn JV Contract With Vedanta Group As soon as possible Foxconn is likely to sign the contract to manufacture both advanced and legacy node chips in India After desisting the $19.5 billion JV contract with Vedanta Group, the Taiwan based electronics contract manufacturer Foxconn is now reported to have several rounds of discussions with TSMC and Japan’s TMH group for… |
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Why Foxconn-Vedanta JV Looking to Partner STMicroelectronics; Explain Experts Apart from the Vedanta-Foxconn consortium, the government has received five other bids to commence semiconductor fabrication units. The Indian global conglomerate Vedanata and the Taiwan based global contract manufacturer Foxconn are now expected to partner STMicroelectronics in their upcoming semiconductor manufacturing plant in… |
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Global Chipmakers To Rethink About Their Investments in The Coming Quarters. Why? The automotive sector in India has a demand for chips that are between 28nm (nanometer) and 90nm die size— and this sector is likely to continue with a simmering demand going forward Taking into account the international issues like the escalating inventory along with the disquiet of augmenting geopolitical tensions and inflation,… |
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China’s Lockdown Restrictions, Anti-China Sentiments Forcing Global Firms to Shift its Manufacturing Base in India Although China still remains the leader in electronics manufacturing and an international hub, the recent lockdowns due to coronavirus has disrupted the production The COVID-19 pandemic that sparked anti-China sentiments in various parts of the world has helped India to become globally competitive in electronics manufacturing. The… |
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Vedanta-Foxconn’s $20 billion Investment into Semiconductor FAB will Commence from Gujarat As per the government, India's semiconductor market is estimated to reach $63 billion by 2026 from $15 billion in 2020 After several rounds of discussions, Vedanta has finally opted for Gujarat for its upcoming semiconductor venture in association with Taiwan’s contract manufacturer Foxconn. A couple of months back, the Indian… |
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Polymatech Announces US$ 1 Billion Investment by 2025 to Expand Domestic Semiconductor Production in India The international market for semiconductors would reach around US$ 1,340 Billion by 2029 as per World Semiconductor Trade Statistics (WSTS) One of India’s premier semiconductor manufacturers Polymatech has now proclaimed to expand its manufacturing unit with an investment of US$1 billion by 2025. Formed in 2007, the company is… |
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Singapore's IGSS Ventures Selects Tamil Nadu to Commence its Semiconductor Fabrication Units There will be an investment of Rs 25,600 Crores for a total period of five years and would craft 1500 employment IGSS Venture, the Singapore based technology investment holding firm has finally selected the state of Tamil Nadu to begin its semiconductor fabrication cluster. The firm is one of the three applicants under the government… |
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Investment Potential is not the Key Criteria to Develop Wafer, Display Fabs; Claims Experts The partners have to have cutting-edge experience in wafer foundry operations because it is key to the success of any fab project The Ministry of Electronics and IT's (MeitY) recently unveiled Rs 76,000 crore India Semiconductor Mission (ISM) under the production linked incentive scheme is said to be a staggering move by the government to gain a… |
