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Samsung invests $1.8 billion more in Vietnam for OLED manufacturing plant
Economic Times
ยท
11m ago
Medial
Samsung Display Co, a South Korean electronic manufacturer, plans to invest $1.8 billion in a new factory in northern Vietnam. The facility will produce OLED displays for automobiles and technology equipment. Located in Yen Phong industrial park, the factory will be situated close to an existing Samsung electronics plant. This investment will raise Samsung's total investment in Bac Ninh to $8.3 billion. Vietnam has become a popular production hub for electronics companies, and Samsung has already established multiple manufacturing plants and invested $22.4 billion in the country.
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US pushes Vietnam to decouple from Chinese tech, sources say
Economic Times
ยท
2m ago
Medial
The United States is urging Vietnam to reduce reliance on Chinese technology in its manufacturing, especially for exports to the U.S. The aim is to decouple from Chinese high-tech, boosting Vietnam's industrial capacity. This follows discussions amidst threats of tariffs on Vietnam exports. Vietnam assembles products for major tech firms like Apple and Samsung, often using Chinese components. While Vietnam is willing, full restructuring faces challenges, needing time for development and potential economic impacts.
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'Vietnam grew 3x faster than India': Wealth advisor questions broken manufacturing model
Business Today
ยท
4m ago
Medial
Despite being smaller, Vietnam's export growth since 2005 reached 983%, significantly outpacing India's at 339%. China's goods exports stand at $3.58 trillion, with Vietnam achieving $347 billion compared to India's $428 billion. India's manufacturing GDP is 13%, half that of Vietnam, Indonesia, Taiwan, and China. Structural reforms in education and governance are essential for India to improve its manufacturing sector. Investment focuses on infrastructure, industrial corridors, and skilling programs.
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PepsiCo expands investment in Vietnam with $400 million for renewable energy-pow
Livemint
ยท
1y ago
Medial
PepsiCo has pledged to invest an additional $400 million in Vietnam to construct two new renewable energy-powered manufacturing facilities. The investment includes a beverage manufacturing plant in Long An province and a food processing facility in Ha Nam province. PepsiCo's decision to invest in sustainable practices aligns with its commitment to reducing its environmental impact. The company already operates five factories in Vietnam and has been present in the market since 1994. Its Indian operations also reported mid-single-digit organic revenue growth in 2023, with strong performance in developing and emerging markets.
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Jabil invests $125 mn in Gujarat for silicon photonics unit
Inshorts
ยท
5m ago
Medial
Apple vendor Jabil plans to establish a silicon photonics manufacturing factory in Gujarat with an investment of around $125 million. As per news agency PTI, the electronics manufacturing company signed a memorandum of understanding (MoU) with the Gujarat government for setting up the plant during the IESA Vision Summit in the state capital Gandhinagar.
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US considering more than $10 billion in subsidies for Intel
Economic Times
ยท
1y ago
Medial
The Biden administration is reportedly in talks to provide over $10 billion in subsidies to Intel Corporation. The award package is expected to include loans and direct grants. This move is a part of the U.S. government's efforts to boost semiconductor manufacturing by supporting chip production and supply chain investments. The funding would help Intel build chip factories in Arizona, New Mexico, and Ohio, potentially making the Ohio facility the world's largest chip plant. Other companies like Micron, Samsung Electronics, and Taiwan Semiconductor Manufacturing Co. have also applied for U.S. funding for their chip factory construction projects.
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Japan pledges a further $4.9 billion to help TSMC expand Japan production
Economic Times
ยท
1y ago
Medial
Japan has announced plans to provide TSMC with an additional ยฅ732 billion ($4.86 billion) in subsidies to assist in the construction of a second chip fabrication plant. The move comes as TSMC inaugurated its first factory in Japan. Tokyo sees TSMC's decision to manufacture chips in the country as vital for advancing semiconductor manufacturing and fortifying supply chains amid escalating tensions with China. The chips produced in the second plant will be more advanced and suitable for applications such as AI and autonomous driving. The total investment in both factories is expected to exceed $20 billion.
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Appleโs $1 Billion Investment May Be Fleeting Win for Indonesia
Livemint
ยท
8m ago
Medial
Indonesia's manufacturing growth may be hindered by its protectionist policies, despite the country's recent victory in securing a $1 billion investment from Apple. While Indonesia is aiming for high-income economy status by 2045, analysts warned that its use of domestic content requirements could deter foreign investors and raise costs. The policies could also create obstacles for foreign investors as technology advances and the domestic manufacturing capacity struggles to keep up. In contrast, countries like Vietnam and India are offering tax incentives and more favorable conditions for companies looking to produce for export.
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South Korean chipmakers accelerate facility investments amid booming AI demand - The Economic Times
Economic Times
ยท
1m ago
Medial
South Korea's semiconductor giants, Samsung Electronics and SK hynix, are ramping up facility investments to meet rising demand for AI chips. Samsung plans to resume construction on its Pyeongtaek Campus, shifting areas for DRAM production, while SK hynix is expanding its M15X plant for advanced DRAM chips. The AI semiconductor market is expected to escalate from $41.1 billion in 2022 to $133 billion by 2028, spurred by the increasing need for high bandwidth memory in AI applications.
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Apple says it wants to spend more on suppliers in Vietnam
Economic Times
ยท
1y ago
Medial
Apple CEO Tim Cook has expressed a desire to increase the company's investment in Vietnam, a key manufacturing hub for the tech giant. Cook's statement came during a meeting with Vietnamese Prime Minister Pham Minh Chinh, who pledged to establish a working group to support Apple's investment. Additionally, Apple announced plans to increase spending on suppliers in Vietnam, reaching around $15.84 billion and creating 200,000 jobs. The company manufactures various products in Vietnam, including iPads and AirPods, and its suppliers, such as Foxconn, are investing in the country.
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Chip(per) ambitions: Why India needs its wafer fabs
Livemint
ยท
1y ago
Medial
India is aiming for self-reliance in semiconductor manufacturing by establishing its first indigenous semiconductor fabrication unit in 2026. The Tata unit is set to produce chips from scratch, while US-based Micron Technology's plant will handle packaging and testing. The move comes as the pandemic highlighted India's dependency on global supply chains for chips. Despite facing challenges posed by other advanced semiconductor-producing nations, India is making significant investments in the sector and expects its semiconductor manufacturing capacity to reach 1.8 lakh wafers per month. This push for self-reliance is crucial for national security and economic prosperity.
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