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

Economic Times

Economic Times · 2m 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.

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

Economic Times

Economic Times · 1m 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.

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.

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.

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

Economic Times

Economic Times · 1y ago

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.

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

Economic Times

Economic Times · 9m 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.

CG Power ropes in Jacobs to build its Sanand chip plant

Economic Times

Economic Times · 1y ago

CG Power ropes in Jacobs to build its Sanand chip plant

CG Power has partnered with Jacobs, a global facilities management firm, to construct its upcoming chip assembly plant in Gujarat, India. Jacobs, known for its expertise in building fabs for top chipmakers like Intel and TSMC, could help CG Power start production quickly. The estimated investment for the plant is Rs 7,600 crore and will be funded through subsidies, equity contribution, and potential bank borrowings. The facility will manufacture various chip products and have a capacity of producing 1.5 crore units per day. The project is expected to generate employment for around 5,000 people.

Tata Group JV to roll out first semiconductor chip by 2026: PSMC Chairman Huang

Livemint

Livemint · 1y ago

Tata Group JV to roll out first semiconductor chip by 2026: PSMC Chairman Huang

The Tata Group and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC) are set to debut their joint venture semiconductor chip by the end of 2026, according to PSMC Chairman Frank Huang. The specifics of the partnership are still being determined, but production will begin with 28-nanometer chips in order to cater to India's supply chain needs. The chip fab facility is being set up in Gujarat's Dholera, with the Indian government subsidizing up to 70% of the project's $11 billion cost. Prime Minister Narendra Modi has announced ground-breaking ceremonies for three semiconductor facilities in India, including the Tata Group fab in Assam and the CG Power factory in Gujarat.

Semiconductor Fabs Will Boost India’s Tech Self-Reliance: Modi

Inc42 · 1y ago

Semiconductor Fabs Will Boost India’s Tech Self-Reliance: Modi

The Indian government has approved the establishment of three semiconductor plants, including a mega fab by Tata Group, with a total investment of INR 1.26 lakh crore. Prime Minister Narendra Modi stated that these units will enhance India's journey to technological self-reliance and position the country as a global hub in semiconductor manufacturing. The Tata Group will partner with Taiwan's Powerchip Semiconductor Manufacturing Corp to set up a semiconductor fab in Gujarat. Two other semiconductor proposals by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) and CG Power-Renesas have also been approved. Additionally, Samsung has unveiled a new semiconductor research and development facility in Bengaluru.

Five approved semiconductor units across India and projects in pipeline

Economic Times

Economic Times · 11m ago

Five approved semiconductor units across India and projects in pipeline

India Semiconductor Mission (ISM) has approved five semiconductor units to receive subsidies from the central and state governments. These units include Micron Technology, Tata Electronics Private Limited in partnership with Powerchip Semiconductor Manufacturing Corp, Tata Semiconductor Assembly and Test Pvt Ltd, CG Power in partnership with Renesas Electronics Corporation and Stars Microelectronics, and Kaynes Semicon. These units will generate employment opportunities in various industries and accelerate the development of the semiconductor ecosystem in India. Additionally, there are projects in the pipeline from Tower in partnership with Adani, Suchi Semicon, Foxconn Technology Group and HCL Group, and ASIP and APACT Limited. Tarq Semiconductors, owned by Hiranandani Group, has also sought approval for its facilities.

Netflix will show generative AI ads midway through streams in 2026

Arstechnica

Arstechnica · 2m ago

Netflix will show generative AI ads midway through streams in 2026

Netflix plans to introduce generative AI ads during streams in 2026 as part of its strategy to boost ad revenue. At its advertising event, Netflix highlighted the effectiveness of mid-roll and pause ads, which it has been testing since mid-2024. The ad-supported tier launched in 2022 and has grown to 94 million subscribers, with ad formats poised for global expansion. This move aligns Netflix with other streaming platforms adopting innovative advertising strategies.

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