🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
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.
View Source
Related News
Cabinet gives nod to Tata Electronics’ proposal for semiconductor chip fabrication unit
Economic Times
·
1y ago
Medial
The Indian government has approved Tata Electronics' proposal to establish a semiconductor chip fabrication unit in Gujarat, in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC). This marks India's first pure-play foundry. The project, worth Rs 91,000 crore, is expected to produce 50,000 wafers per month, with an annual production estimated at 300 crore chips for various sectors. Additionally, proposals for Tata Semiconductor Assembly and Test Unit's semiconductor test facility in Assam and CG Power's OSAT unit in Gujarat were also approved. The three projects combined will create 20,000 advanced technology jobs and 60,000 indirect jobs.
View Source
Wipro wins deal to design Intel’s latest chips
Livemint
·
1y ago
Medial
Indian IT services company, Wipro, has announced a new deal with Intel Foundry, the chip development division of US chipmaker Intel. Under the deal, Wipro engineers will work on Intel's latest '18A' chip node, which will be used in cutting-edge consumer electronics devices. While the exact size of the deal was not disclosed, it is expected to be one of Wipro's largest deal signings in the past three years. The partnership with Intel Foundry is part of Wipro's plan to become a part of the semiconductor industry and target new markets, particularly in the generative AI space.
View Source
Intel’s CEO Says AI Is the Key to the Company’s Comeback
Wired
·
1y ago
Medial
Intel CEO Pat Gelsinger has announced that the company's comeback plan is on track, with a rebrand of its "foundry" business and the promise of manufacturing chips as efficient and capable as those from competitors TSMC and Samsung. Microsoft is the first major customer for Intel's new chipmaking technology, a significant win in the age of AI. Gelsinger also discussed Intel's strategies to regain an edge, including advancements in transistor technology and improved power delivery. The company aims to become a leading foundry for all AI chipmakers. Gelsinger also mentioned the importance of workforce development in addressing the talent shortage in the US chip industry.
View Source
India to rank among top five globally in semiconductor manufacturing by 2026: Ashwini Vaishnaw
Economic Times
·
1y ago
Medial
India is expected to become one of the top five countries for semiconductor manufacturing in the next five years, according to India's Minister for Telecommunication and IT, Ashwini Vaishnaw. The country's semiconductor program aims to establish a complete ecosystem rather than just focusing on one chip foundry unit. India has recently initiated the construction of four semiconductor units, including the country's first commercial chip foundry in Gujarat. Vaishnaw also highlighted India's significant growth in electronics manufacturing over the past decade, with the industry now worth $110 billion.
View Source
Israel's chipmaker Tower resubmits proposal to set up 65 nm, 40 nm chip fab
Economic Times
·
1y ago
Medial
Israeli chipmaker Tower Semiconductors has resubmitted a proposal to establish a semiconductor fabrication unit for 65 nm and 40 nm chips in India. Tower Semiconductors is facing potential legal action from its former joint venture partner, Next Orbit Ventures, who claims a breach of contract. The new partner in Tower's proposal is speculated to be the BC Jindal group, a manufacturer of packaging and labeling products. This marks Tower's second attempt at establishing a chip fabrication unit in India. Next Orbit Ventures is seeking legal counsel regarding the situation.
View Source
What needs to go right for Intel, and what happens if it doesn't
Business Insider
·
8m ago
Medial
Intel, the chip giant, is causing concerns among lawmakers and analysts as its stock plummets and it experiences setbacks. However, there are still potential ways for Intel to recover. First, its 18A process technology must succeed, which could enable it to regain customers and catch up to competitors like TSMC. Second, Intel's plan to spin out its manufacturing business, Intel Foundry, needs major companies to use its services. Third, government aid under the CHIPS Act and support from Washington could potentially help Intel become profitable again. Nevertheless, there are discussions of a possible breakup or merger if Intel fails to turn things around.
View Source
Day not far when India becomes global semiconductor hub: PM Modi
Economic Times
·
1y ago
Medial
Indian Prime Minister Narendra Modi laid the foundation stone for India's first commercial semiconductor chip manufacturing foundry, along with two outsourced semiconductor and assembly testing (OSAT) units. These initiatives aim to make India a global semiconductor hub and enhance the country's profile in the global semiconductor value chain. The projects are expected to contribute to various sectors, including automotive, power, electronics, consumer goods, and medical devices. The investments will also bring about the development of an ecosystem of suppliers and related industries. This marks a significant step towards India's goal of establishing commercial chip fabrication capabilities.
View Source
New Intel CEO Lip-Bu Tan will pick up where Pat Gelsinger left off
Arstechnica
·
4m ago
Medial
Intel has appointed Lip-Bu Tan as the new CEO, replacing Pat Gelsinger after his ousting due to financial losses and restructuring moves. Tan, previously on Intel's board, will start on March 18, continuing the plan to transform Intel into a chip foundry competing with giants like TSMC. The company faces challenges, including an $18.76 billion loss in 2024 and reliance on the US government's CHIPS Act for funding its revival strategy.
View Source
Tata begins export of chip samples
Economic Times
·
1y ago
Medial
Indian company Tata Electronics has begun exporting packaged semiconductor chips from its pilot line in Bengaluru. The chips are being sent to partners in the US, Japan, and Europe, and are expected to be used in multiple products. Tata Electronics is also in the final stages of tape-out for semiconductor chips in various nanometer sizes. The company is aiming to demonstrate its chip designing and manufacturing capabilities before its chip packaging unit in Assam and chip foundry in Gujarat start commercial production in 2027.
View Source
Wipro: Wipro partners with Intel Foundry for chip innovation tech - StartupNews.fyi
Startup News FYI
·
1y ago
Medial
Indian IT company Wipro has announced an expanded collaboration with Intel Foundry to accelerate chip design innovation in the semiconductor and hi-tech sectors. Wipro will work as the key design services and alliance partner, focusing on developing Intel's most advanced process nodes, including the Intel18A process node. The collaboration aims to meet the increasing demand for AI chip manufacturing and support the rollout of generative AI-enabled products. Wipro has invested $1bn in the AI360 ecosystem, which will be combined with the partnership with Intel for AI-driven chip manufacturing.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
