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Chip company Renesas says Wolfspeed situation won’t hit India OSAT

Economic Times

Economic Times · 2m ago

Chip company Renesas says Wolfspeed situation won’t hit India OSAT

Japanese chipmaker Renesas reassured that the troubles with Wolfspeed, a US-based silicon carbide wafer maker, won't affect its joint outsourced semiconductor assembly and test (OSAT) project with CG Power in India. Despite Wolfspeed's financial instability, Renesas affirms that the project, focused on supporting the 'Make in India' initiative, will proceed without disruption. Renesas holds a minority stake in the venture and remains committed to its plans and supply agreements, with mass production set for 2027.

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CG Power’s chip plans rocked by turmoil at wafer company Wolfspeed

Economic Times

Economic Times · 2m ago

CG Power’s chip plans rocked by turmoil at wafer company Wolfspeed

Wolfspeed's potential bankruptcy is causing concern in the semiconductor industry, impacting the Murugappa group's CG Power and its OSAT facility in Sanand. Renesas Electronics, a partner in this project, has a $2-billion SiC wafer supply contract with Wolfspeed and may face financial and supply disruptions. This situation could hinder CG Power's plans and Renesas' global collaborations. Wolfspeed's financial instability poses significant risks for involved parties, including global disruptions.

Renesas-CG Power venture likely to roll out first chip by mid-2026, says Hidetoshi Shibata

Economic Times

Economic Times · 3m ago

Renesas-CG Power venture likely to roll out first chip by mid-2026, says Hidetoshi Shibata

Japanese semiconductor firm Renesas Electronics aims to launch its first chip from a joint venture with CG Power and Stars Microelectronics by mid-2026, in a Rs 7,600-crore plant in India. Expected mass production will commence in 2027. Renesas is optimistic about India’s semiconductor industry, planning to expand its R&D centers and partnerships. Emphasizing intellectual property development, Renesas sees significant prospects in electric vehicles and healthcare electronics, supporting India's growing electronics manufacturing sector.

Kaynes to keep away from fabs for now, focus on chip facility, says CEO

Livemint

Livemint · 11m ago

Kaynes to keep away from fabs for now, focus on chip facility, says CEO

Kaynes Semicon, a subsidiary of Kaynes Technology, is focusing on completing its chip assembly and test facility in Gujarat, rather than venturing into semiconductor fabrication. The company plans to start with chip manufacturing through outsourced assembly and test (OSAT) facilities and then gradually scale up. Once fully operational, the facility is expected to produce 6 million chips per day within the next two years. Kaynes' stock has risen by 12% since announcing the OSAT proposal. The company is also benefiting from India's production-linked incentives (PLI) scheme for IT hardware.

Chip infra company Jacobs sees role in four plans with govt approval

Economic Times

Economic Times · 11m ago

Chip infra company Jacobs sees role in four plans with govt approval

Facilities management firm Jacobs is focusing on the semiconductor sector in India, as the country attracts more downstream industries and increases its chip fabrication and assembly facilities. The company is actively consulting with several chip projects approved by the government, including partnering with CG Power for an OSAT facility in Sanand. Jacobs also plans to work with Kaynes Semicon, which recently received approval for an OSAT facility in Gujarat. The company's CEO, Bob Pragada, expects to double the company's headcount in India between 2027 and 2029. Jacobs is also involved in the data center business, particularly with the Adani group.

Foxconn teams up with HCL Group to start chip packaging in India

Economic Times

Economic Times · 1y ago

Foxconn teams up with HCL Group to start chip packaging in India

Foxconn and HCL Group are joining forces to establish an outsourced assembly and testing unit (OSAT) for semiconductor chips in India. Foxconn will hold a 40% stake in the partnership and invest around $37.2 million, while HCL will hold the remaining stake. This move aligns with HCL Group's plans to venture into chip assembly, leveraging its strong engineering and manufacturing background. An OSAT unit provides third-party chip packaging and testing services to semiconductor fabrication units.

Jacobs awarded CG Semi contract for engineering design of OSAT facility in Sanand

Economic Times

Economic Times · 10m ago

Jacobs awarded CG Semi contract for engineering design of OSAT facility in Sanand

- Jacobs has been appointed by CG Semi for the engineering design of their new Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, India. - CG Semi is a joint venture between CG Power, Renesas Electronics Corporation, and Stars Microelectronics (Thailand). - Jacobs will serve as the engineering, procurement, and construction services (EPCS) partner on the Mini Line and engineering partner on the Main Line. - The OSAT facility will manufacture advanced and legacy packages for industries such as automotive, consumer, industrial, and 5G. - Jacobs' partnership with CG Semi demonstrates their commitment to the semiconductor market in India and their aim to drive growth and technological advancement in the region. - The main facility is planned to be built on over 28 acres, and the pilot plant is currently under construction while the design for the main facility is still in progress.

Murugappa’s CG Power ropes in partners to jointly set up ₹7,600-cr chip unit in Gujarat

Thehindubusinessline

Thehindubusinessline · 1y ago

Murugappa’s CG Power ropes in partners to jointly set up ₹7,600-cr chip unit in Gujarat

CG Power and Industrial Solutions Ltd, a part of the Murugappa Group, has partnered with Renesas Electronics Corporation and Stars Microelectronics (Thailand) Public Co. Ltd to establish an outsourced semiconductor assembly and test (OSAT) facility in India. The joint venture, with CG Power holding a majority stake of 92.3%, plans to invest INR 7,600 crore over a five-year period. The facility, to be located in Gujarat, will have a capacity of 15 million units per day and will manufacture various semiconductor products for industries such as automotive, consumer, and 5G.

Kaynes Buys Land In Gujarat To Build Chip Plant, Eyes Investment Of INR 5,000 Cr

Inc42 · 1y ago

Kaynes Buys Land In Gujarat To Build Chip Plant, Eyes Investment Of INR 5,000 Cr

Electronics manufacturer Kaynes Technology has purchased land in Gujarat's Sanand to establish an outsourced semiconductor assembly and test (OSAT) unit. The company plans to invest INR 5,000 crore ($596 million) in its chip project. Kaynes will continue to operate its Telangana unit, maintaining a couple of chip assembly lines there, while the advanced chip assembly and test project will operate from Gujarat.

Tower's plan for first Indian chip foundry likely to get nod today

Economic Times

Economic Times · 1y ago

Tower's plan for first Indian chip foundry likely to get nod today

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.

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

Inc42 · 11m ago

Centre Mulls Expanding Scope Of INR 76,000 Cr India Semicon Mission

The Indian government is planning to expand the incentives offered under the India Semiconductor Mission (ISM) to include display fabrication companies, raw material suppliers, gas suppliers, and chip packaging companies. The aim is to attract more investments in the semiconductor sector by extending the benefits beyond fabs or OSAT units. The government is also considering increasing the budget of the INR 76,000 Cr scheme as a significant portion has already been allocated.

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