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Karnataka: Cabinet committee clears sops for three semiconductor projects

Economic Times

Economic Times · 3m ago

Karnataka: Cabinet committee clears sops for three semiconductor projects

The Karnataka cabinet subcommittee, led by Chief Minister Siddaramaiah, approved incentives for investments by Applied Materials, Lam Research, and Bharat Semi Systems to bolster the state's semiconductor industry. The projects include an R&D Fab by Applied Materials in Bengaluru, two units by Lam Research for advanced semiconductor technologies, and a design manufacturing facility by Bharat Semi Systems in Mysuru. These initiatives aim to make Karnataka a global semiconductor hub, creating over 3,500 jobs.

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Karnataka govt clears Wistron smartphone project, 13 other investments

Economic Times

Economic Times · 1y ago

Karnataka govt clears Wistron smartphone project, 13 other investments

The Karnataka High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, has approved an investment of Rs 2,095 crore from Wistron Infocomm for the assembly of smartphones, IoT products, and biotech devices. Additionally, the committee has cleared several other investment proposals, including STT Global Data Centers, Air India, ICT Service Management Solution, Ultratech Cement, and RBSSN Ferrous. In total, the projects are expected to bring in a combined investment of Rs 17,835 crore and create around 27,067 jobs. The investments will primarily benefit districts in North Karnataka, such as Vijayapura, Kalaburagi, Ballary, and Belgaum.

Cabinet approves two multi-tracking railway projects

Economic Times

Economic Times · 2m ago

Cabinet approves two multi-tracking railway projects

The Cabinet Committee on Economic Affairs (CCEA) has approved two railway multitracking projects that will extend the Indian Railways network by 318 kilometers across Jharkhand, Karnataka, and Andhra Pradesh, costing around Rs 6,405 crore. These projects, enhancing routes vital for transporting coal, iron ore, and other goods, aim to decrease logistics costs by 4%, thereby enhancing industrial competitiveness. The developments also target increased freight traffic by 49 million tonnes annually.

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Economic Times

Economic Times · 8m ago

Karnataka's first semicon unit to come up in Mysuru, to add 460 jobs

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Applied Materials says Bengaluru chipmaking centre to rake in $2 billion

Economic Times

Economic Times · 2m ago

Applied Materials says Bengaluru chipmaking centre to rake in $2 billion

Applied Materials India is establishing a chip-making center in Bengaluru, expecting to attract over $2 billion in future investments. This initiative follows the Karnataka government's approval of three semiconductor projects. The company will invest $400 million in building the facility by creating an Innovation Center for Semiconductor Manufacturing, aimed at fostering technological advancement and high-tech job opportunities. An R&D lab focused on cutting-edge equipment technology will enhance India's global role in the semiconductor ecosystem.

Telangana seeks MeitY nod for pending semiconductor projects

Economic Times

Economic Times · 5m ago

Telangana seeks MeitY nod for pending semiconductor projects

Telangana is awaiting approval from the Ministry of Electronics and Information Technology (MeitY) for three semiconductor investment proposals, complementing recent approvals for electronics manufacturing clusters (EMCs) and a common facility centre. These projects represent a total investment of Rs. 1778.86 crore. The state aims to strengthen its electronics ecosystem and attract more investments. Meanwhile, Karnataka has submitted multiple applications under various MeitY schemes, valuing Rs. 183,623.31 crore, to bolster its manufacturing sector.

Karnataka Cabinet approves Rs 75 crore seed fund for startups, Rs 79 crore for semiconductor lab

Economic Times

Economic Times · 6m ago

Karnataka Cabinet approves Rs 75 crore seed fund for startups, Rs 79 crore for semiconductor lab

The Karnataka state cabinet approved a Rs 75 crore seed fund to promote startups beyond Bengaluru, addressing the concentration of innovation in the city. The "Beyond Bengaluru Cluster Seed Fund" amalgamates existing regional seed funds and aims to support 10,000 startups by 2030. Alongside, a Rs 79 crore Semiconductor Maturity Accelerator Lab 2.0 was approved to attract semiconductor investments, aligning the ecosystem with electronic system development and integration. Both initiatives aim to diversify and boost innovation statewide.

Second phase of semiconductor mission to focus on component cos: Ashwini Vaishnaw

Economic Times

Economic Times · 11m ago

Second phase of semiconductor mission to focus on component cos: Ashwini Vaishnaw

The Indian government is planning to launch the second phase of the India Semiconductor Mission (ISM), aiming to bring the entire semiconductor ecosystem to India. This initiative includes component companies, raw material suppliers, semiconductor fabrication units, and chip packaging units. The government will need three to four months to finalize ISM 2.0 and plans to present the proposals to the cabinet soon, as well as a modernization plan for the Semiconductor Laboratory in Mohali. The focus is on increasing the availability of raw materials and developing the entire ecosystem, including equipment and specialized materials.

Gujarat Govt Allots 188 Acres To Tata And CG Power For Chip Plants

Inc42 · 1y ago

Gujarat Govt Allots 188 Acres To Tata And CG Power For Chip Plants

India has received investment proposals of over INR 2.5 lakh crore from global chip makers, according to the Minister of State for Electronics and IT. The Union Cabinet recently approved the setting up of the country's first semiconductor fab by Tata Group in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corp. The Tata Group has been allotted 160 acres of land in Dholera for this purpose, while CG Power has been offered 28 acres in Sanand for its assembly, testing, marking, and packaging plant. The ground-breaking ceremony for both projects is scheduled for 13 March.

Union Cabinet approves Kaynes Semicon's Gujarat chip unit proposal

Economic Times

Economic Times · 12m ago

Union Cabinet approves Kaynes Semicon's Gujarat chip unit proposal

The Union Cabinet has approved Kaynes Semicon Pvt Ltd's proposal to establish a semiconductor unit in Sanand, Gujarat. Initially planning to set up in Telangana, Kaynes will now invest ₹3,300 crore in Gujarat. The unit will produce chips for industrial, automotive, consumer electronics, telecom, mobile phones, and electric vehicles. This move is part of a larger effort to develop a strong semiconductor ecosystem, with three other units already approved for construction in Gujarat and Assam, amounting to an investment of approximately ₹1.5 lakh crore and a combined capacity of seven crore chips per day.

Industries minister meets tech CEOs, discusses semiconductor growth in state

Economic Times

Economic Times · 11m ago

Industries minister meets tech CEOs, discusses semiconductor growth in state

- Karnataka's industries minister, MB Patil, met with global technology CEOs in New York to explore opportunities for the semiconductor industry in the state. - Eugenus Technology, a provider of advanced semiconductor manufacturing equipment, is looking for expansion in Karnataka. - Lam Research, a global supplier of wafer fabrication equipment, established its systems lab in Bengaluru and is seeking collaboration in the state's semiconductor sector. - Patil addressed American companies at a roundtable hosted by the US-India Strategic Partnership Forum, highlighting potential growth and strengthening ties between the USA and Karnataka. - The CEO of Alphawave Semi expressed interest in contributing to the semiconductor ecosystem in Karnataka. - The visit aimed to position Karnataka as a global hub for the semiconductor industry and attract investment and innovation in the sector.

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