Semiconductor

Addressing a press conference here, the Minister said the investments in the semiconductor sector will also help create several thousands indirect jobs in the overall supply chain. "The electronics industry created 10-12 lakh jobs in the last two years alone. The latest announcements, like by Micron, to make memory chips in India is an important milestone for us.

Under the government's 'Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,' Micron will receive 50 per cent fiscal support for the total project cost from the Centre and incentives representing 20 per cent of the total project cost from Gujarat. The combined investment over the course of two phases will be up to $2.75 billion.

TSMC, the world's largest semiconductor foundry, has unveiled advancements in 2nm technology and new additions to its 3nm family. Its 2nm technology is slated for production in 2025. "The nanometer chip revolution is here to rewrite the rules of technology. Unleashing a power surge in the AI realm, 5nm chips, for instance, are redefining speed and efficiency across industries," said Kiran Raj, Practice Head of Disruptive Tech at GlobalData.

InCore Semiconductors raised $3 million in a seed-funding round from Sequoia Capital India announced during the IT Ministry's 'SemiCon India FutureDesign Roadshow' led by Minister of State for IT and Electronics, Rajeev Chandrasekhar, at IIT Delhi.

Starting in 2026, the first chips will be produced on 200-millimeter wafers based on the innovative material silicon carbide. "With this planned investment in the US, we are also increasing our semiconductor manufacturing, globally," said Bosch Chairman Dr. Stefan Hartung.

In 2022, the market totaled $599.6 billion, which was marginal growth of 0.2 per cent from 2021, according to the latest forecast from Gartner. The PC, tablet and smartphone semiconductor markets are stagnating. The combined markets will represent 31 per cent of semiconductor revenue in 2023 and total $167.6 billion.

David Reed will be responsible for setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit, the company said in a statement. Reed was formerly with NXP Semiconductors, where he was Executive Vice President and General Manager of global operations.

The world's largest mobile phone and memory chip maker said its October-December operating profit shrank 69 per cent from a year earlier to an eight-year-low of 4.3 trillion won ($3.49 billion). It is the tech giant's lowest quarterly operating profit since the third quarter of 2014, and 18.6 per cent lower than the average estimate by Yonhap Infomax, the financial data firm of Yonhap News Agency.