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Foxconn, Stellantis JV set up R&D for automotive semiconductors tech in India

Economic Times

Economic Times · 9m ago

Foxconn, Stellantis JV set up R&D for automotive semiconductors tech in India

SiliconAuto, a Foxconn-backed automotive technology company, has established its research and development centre in Bengaluru, India. The centre will concentrate on semiconductor product design and system-on-chip development for the automotive sector. This move showcases SiliconAuto's dedication to innovation in the automotive industry. The CEO of SiliconAuto, Gene Liu, stated that Bengaluru was the perfect location for the design centre due to its talented workforce and thriving tech ecosystem. The R&D centre aims to enhance the company's capabilities in developing advanced automotive technologies and solutions, particularly for electric vehicles and connected car technologies.

Related News

Foxconn-Backed SiliconAuto Sets Up R&D Centre In Bengaluru

Inc42 · 9m ago

Foxconn-Backed SiliconAuto Sets Up R&D Centre In Bengaluru

Foxconn and Stellantis' joint venture, SiliconAuto, has established an R&D center in India to develop semiconductor solutions for electric vehicles, autonomous driving, and connected car technologies. The center will serve as a hub for advanced R&D, semiconductor product design, and system-on-a-chip (SoC) development. The move reflects the growing importance of semiconductors in the automotive industry and aims to cater to the semiconductor needs of Foxconn and Stellantis.

Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint

Livemint

Livemint · 9m ago

Foxconn plans to invest ₹424 crore in semiconductor JV with HCL | Mint

- Foxconn plans to invest up to ₹424 crore in a semiconductor joint venture (JV) with HCL Group. - The iPhone manufacturer purchased a 40% stake in the JV for nearly ₹312 crore. - The investment will be used for the Foxconn-HCL OSAT plant to be set up in India. - Foxconn has invested ₹246 crore in the JV through its subsidiary Big Innovation Holdings. - The company has invested more than $1.4 billion in India and employs over 48,000 people in the country. - Foxconn is manufacturing Apple iPhones in India and has plans to set up an EV and battery plant in the country.

KPIT CEO calls for increased R&D, deeptech investments - The Economic Times

Economic Times

Economic Times · 19d ago

KPIT CEO calls for increased R&D, deeptech investments - The Economic Times

KPIT CEO Kishor Patil emphasizes the need for India to boost R&D investment, foster deeptech innovation, and enhance export quality to compete globally in the automotive sector. He cites India’s potential amidst geopolitical shifts and advocates for increased government support. KPIT has ramped up its R&D spending and expanded globally, notably acquiring Caresoft Global Technologies to strengthen its position in the off-highway commercial vehicle segment and enter the China market.

Centre eyes dedicated R&D wing under semicon research centre

Economic Times

Economic Times · 1y ago

Centre eyes dedicated R&D wing under semicon research centre

The Indian government plans to establish a dedicated research and development (R&D) wing under the India Semiconductor Research Centre (ISRC), with a focus on semiconductor research for industrial production. This initiative aims to foster an intellectual property-driven manufacturing ecosystem and involve both the private and public sectors in semiconductor R&D. The ISRC will concentrate on developing next-generation semiconductors, packaging, systems technologies, processes, and materials. Further details of the scheme will be announced after the general elections in June, and the dedicated R&D center might eventually become an independent entity.

Samara, Convergent-backed Agro Tech to buy Bharti-Del Monte JV

VCCircle

VCCircle · 8m ago

Samara, Convergent-backed Agro Tech to buy Bharti-Del Monte JV

Agro Tech Foods Ltd, backed by Convergent, will acquire the Indian joint venture of Bharti Enterprises and Del Monte in an all-stock deal worth $154 million. After the acquisition, Agro Tech will be rebranded as Sundrop Brands Ltd. Private equity firms Samara Capital and Convergent Finance had previously acquired a majority stake in Agro Tech. The deal includes an exclusive license for the Del Monte brand in India and access to Del Monte's manufacturing and R&D facilities. Nitish Bajaj has been appointed as the new Group Managing Director of Sundrop Brands.

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Economic Times

Economic Times · 1y ago

Krypton Solutions likely to invest $100 million in Mysuru, Chamarajanagar

Texas-based Krypton Solutions is planning to invest $100 million to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka, India. The company has already held discussions with the government and is exploring investment options in Mysuru and Chamarajanagar. Additionally, they are interested in local partnerships and seeking support to establish themselves in the Indian market. In a separate meeting, Texas Instruments also reaffirmed its commitment to research and development (R&D) expansion in Karnataka. Texas Instruments was the first technology company to set up an R&D center in Bengaluru in 1985.

Govt Mulls Separate Semiconductor R&D Unit With Short Project Timelines

Inc42 · 1y ago

Govt Mulls Separate Semiconductor R&D Unit With Short Project Timelines

The Indian government is considering the establishment of a dedicated research and development (R&D) centre for semiconductors. The proposed India Semiconductor Research Centre (ISRC) aims to focus on semiconductor research that can quickly be put into industrial production. The R&D centre would operate separately from other research activities and could potentially evolve into an independent entity. The detailed plans for the initiative are expected to be revealed after June's general elections. The semiconductor industry in India is experiencing significant growth and is projected to reach a market value of $55 billion by 2026.

Auto sector shifts into high hear with 10.1% salary hikes in FY25

Economic Times

Economic Times · 1m ago

Auto sector shifts into high hear with 10.1% salary hikes in FY25

The automotive sector in India is set to offer a 10.1% salary hike in FY25, surpassing the average 8.8% increment expected for other Indian corporates, as per Deloitte's study. This marks the fifth consecutive year of double-digit pay rises for the industry. The increments are driven by demand for talent in areas like electric vehicles, R&D, and AI. However, the increase rate is declining for the third year in a row.

India key market for MediaTek; young demographic, growing economy fuel growth: Country MD

Economic Times

Economic Times · 27d ago

India key market for MediaTek; young demographic, growing economy fuel growth: Country MD

India, with its young, tech-savvy population and growing economy, is an essential market for semiconductor giant MediaTek, according to India's MD Anku Jain. The country's strong economic growth and favorable demographics fuel adoption of advanced technologies like 5G and AI solutions. MediaTek's chipsets power various devices, including smartphones, smart TVs, and automotive solutions. The company plans to expand its R&D investments in India, emphasizing the country's engineering talent and contributing to global operations.

BigEndian Semiconductors raised $3 million in a funding round led by Vertex Ventures SEA & India

Economic Times

Economic Times · 10m ago

BigEndian Semiconductors raised $3 million in a funding round led by Vertex Ventures SEA & India

Bengaluru-based semiconductor startup, BigEndian Semiconductors, has secured $3 million in funding led by Vertex Ventures SEA & India. The company plans to use the funds to expand its team, boost R&D capabilities, and scale operations. BigEndian Semiconductors aims to develop homegrown semiconductor IP in India, with a focus on creating a "Make in India" chipset and launching its own surveillance system-on-chip (SoC) solution. The startup plans to initially target the Global South market before expanding into developed markets like Europe and the US. The investment is seen as an opportunity for India to become a global leader in semiconductors.

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