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News on Medial
Decoding Economics: The importance of government subsidies for semiconductor manufacturing
Money Control
·
1y ago
Medial
India has emerged as a promising contender in the global market, with the potential to challenge China. The country's large market size and the growing sentiment against China allows India to negotiate better terms for technology transfer. The era of free markets and trade has come to an end, as the US and other major economies now prioritize industrial policies for competitive advantage and security. India is also recognizing the need for such policies, aligning itself with global trends.
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AI chip manufacturing subsidy leaves US officials with tough choices
Reuters
·
1y ago
Medial
The US government is set to provide around $30 billion in subsidies for advanced semiconductor manufacturing to bring AI chip development and manufacturing to American soil. However, allocating the funds to overseas leader Taiwan Semiconductor Manufacturing (TSMC) or to Intel, a domestic company with promising turnaround efforts, poses a challenge. Additionally, the rapidly evolving nature of AI chips means there is no guarantee that subsidies provided today will secure future AI chip development. Intel, TSMC, and Samsung are all likely to receive some degree of US subsidies, but the precise allocation remains uncertain.
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US considering more than $10 billion in subsidies for Intel as part of CHIPS act to secure domestic semiconductor manufacturing
Techradar
·
1y ago
Medial
The US Government is considering providing $10 billion worth of subsidies to Intel to secure domestic semiconductor manufacturing. Currently, most semiconductors used in the US are manufactured in areas vulnerable to Chinese interference. The CHIPS Act has allocated $53 billion to secure domestic semiconductor production, with Intel planning to use potential subsidies to expand manufacturing in Arizona and New Mexico. Intel is also planning to construct a chip factory in Ohio, which will be the world's largest, but completion may be delayed until 2026. This move has drawn criticism for not diversifying semiconductor suppliers sufficiently.
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US considering more than $10 billion in subsidies for Intel
Livemint
·
1y ago
Medial
The US government is reportedly in talks to provide more than $10 billion in subsidies to Intel Corp. The subsidies are expected to be in the form of loans and direct grants. The funding comes from the CHIPS Act program, aimed at boosting semiconductor manufacturing and supply chain investments. Intel plans to use the funds to build chip factories in Arizona, New Mexico, and Ohio. Other companies such as Micron, Samsung Electronics, and Taiwan Semiconductor Manufacturing Co have also applied for US funding for their chip factories.
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Chipmaker Lam Research announces Rs 10,000-crore investment in India
Economic Times
·
5m ago
Medial
Lam Research, a US-based semiconductor company, announced a significant investment of Rs 10,000 crore in India, marking a major milestone in India's semiconductor sector. This investment aligns with the government's vision to establish India as a global semiconductor manufacturing and design hub. Under the India Semiconductor Mission (ISM), several semiconductor units, including projects by Micron, Tata Electronics, and others, have been approved for government subsidies, with an overall planned outlay of Rs 76,000 crore.
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Achieving EV30@30 Vision Requires Consistency In FAME-III Subsidies & Incentives: Amitabh Kant
Inc42
·
1y ago
Medial
Former CEO of NITI Aayog and G20 Sherpa for India, Amitabh Kant, emphasized the potential of the Bengaluru-Mysore belt in Karnataka to become the country's semiconductor industry hub. The semiconductor industry in India is projected to grow at a 24% CAGR to reach $150 billion by 2030. Kant discussed various topics during an interview, including government subsidies for the Indian EV ecosystem, domestic battery manufacturing, responsible AI implementation, and the need for better corporate governance in startups. The region's resources and reliable electricity supply make it an ideal location for chip manufacturing and semiconductor design.
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First chip from Dholera plant by 2026 end: PSMC chairman Frank Huang
Economic Times
·
1y ago
Medial
The Tata Group and Powerchip Semiconductor Manufacturing Corporation (PSMC) are partnering to set up a semiconductor chip manufacturing plant in Gujarat. The first chip is expected to be ready by the end of 2026. The joint venture (JV) between the two companies is focused on technology transfer at the moment, with investment plans to be discussed later. The Indian government is estimated to subsidize up to 70% of the project cost. The Dholera unit is set to become India's first commercial semiconductor fab. The plant will start with manufacturing 28nm chips and will gradually move towards higher-end chips. The partnership was chosen due to the Tata Group's financial capabilities and government subsidies. The Taiwanese company was approached by the Indian government in 2022 and had discussions with other conglomerates as well. The project is seen as a significant step for India's growth in the manufacturing and chip space.
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Tower's plan for first Indian chip foundry likely to get nod today
Economic Times
·
1y ago
Medial
The Indian Cabinet is expected to approve incentives for Israeli semiconductor company Tower's proposal to establish a chip fabrication unit in India. This marks the country's first pure-play chip foundry project, estimated at $9-10 billion. The government will subsidize 50% of the investment under the Indian Semiconductor Mission, with additional subsidies from states. Proposals for outsourced assembly and testing (OSAT) units by HCL Group-Foxconn Group and the Tata group are also likely to be approved. The investments aim to bolster India's semiconductor manufacturing and fabrication ecosystem.
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EV industry must learn to do with subsidies: Exponent Energy CEO
Economic Times
·
1y ago
Medial
Electric mobility ecosystem should not rely solely on government subsidies like the Faster Adoption and Manufacturing of Electric Vehicles (FAME) program, according to Arun Vinayak, CEO of Exponent Energy. Vinayak suggests moving towards performance-based incentives and production-linked incentives, rather than easy subsidies. The Indian government has recently transitioned from FAME subsidies to the Electric Mobility Promotion Scheme (EMPS). Exponent Energy, founded by former Ather Energy executives, has developed fast-charging technology that can fully charge a vehicle in 15 minutes. Vinayak also emphasized the importance of interoperability in charging infrastructure and the need for safety standards, without forcing standardization that hinders innovation.
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SEMICON India 2024: 5 key takeaways from MP Modi's speech
Livemint
·
11m ago
Medial
The Indian Prime Minister, Narendra Modi, addressed SEMICON India 2024 and emphasized the importance of supply chain resilience. He highlighted India's investments in semiconductor manufacturing, with a goal to position India as a global hub. Modi also expressed a vision of having Indian-made chips in every electronic device worldwide. He noted the three factors driving India's semiconductor ambitions: a reformist government, a growing manufacturing base, and a tech-savvy market. Modi positioned India as an attractive destination for semiconductor investments, promising to support the country's journey toward becoming a semiconductor powerhouse.
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China import concerns spur US to launch semiconductor supply chain review
Economic Times
·
1y ago
Medial
The US Department of Commerce plans to conduct a survey of the semiconductor supply chain and national defense industrial base to address national security concerns related to Chinese-sourced chips. This survey aims to identify how US companies are sourcing legacy chips and reduce the national security risks posed by China. The US will award nearly $40 billion in subsidies for semiconductor chip manufacturing and wants to promote a level playing field for chip production. China has provided an estimated $150 billion in subsidies to its semiconductor industry in the last decade.
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