#semiconductor

Union Cabinet approves ₹76,000 crore incentive scheme for development of semiconductor and display manufacturing industries

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In a cabinet meeting chaired by PM Narendra Modi on Wednesday, the Union Cabinet approved an incentive scheme for the development of the semiconductors and display manufacturing ecosystem in India. The cabinet approved an incentive of ₹76,000 for the development of the semiconductors and display manufacturing ecosystem in India. With this, the total amount of incentives announced … Read more

Semicon India 2023: US chipmaker AMD announces investment of $400 million in India by 2028, to build largest design centre in Bengaluru

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American chip manufacturer Advanced Micro Devices (AMD) has announced that it will invest around $400 million in India over the next five years and will build its largest design centre in the tech hub of Bengaluru. AMD’s Chief Technology Officer Mark Papermaster made the announcement at Semicon India 2023 in Gandhinagar, which was inaugurated today by PM Narendra Modi. … Read more

Tesla signs deal with Tata Electronics to make semiconductor chips for its global operations: Report

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EV giant Tesla has signed a strategic deal with Tata Electronics to procure semiconductor chips for its global operations, as reported by The Economic Times. As per the report citing official sources aware of the development, the deal was signed quietly a few months ago. However, both Tesla and Tata Electronics have not commented on these developments. Consequently, specific … Read more

Union cabinet approves three more semiconductor plants in India, two in Gujarat and one in Assam

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In a major initiative in fulfilling the Narendra Modi government’s ambition to turn India into a semiconductor manufacturing hub, the Central government on Thursday (29th February), approved the proposal for setting up three semiconductor plants in India. Two of these plants will be established in Gujarat while one in Assam. The construction of these plants will commence in … Read more