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Semiconductor associations sign MoU to connect Indian players with global peers

Economic Times

Economic Times · 1y ago

Semiconductor associations sign MoU to connect Indian players with global peers

The India Electronics and Semiconductor Association (IESA) has signed a Memorandum of Understanding (MoU) with SEMI to foster collaboration within the global semiconductor industry. The partnership aims to connect stakeholders in India's government, industry, and academia with their international counterparts, focusing on areas such as manufacturing, policies, skilling, research and development, and supply chains. The agreement will facilitate joint events, knowledge sharing, and talent development initiatives, with the ultimate goal of establishing India as a leading global manufacturing and design hub. SEMICON 2024 will be the first event organized under this collaboration.

Related News

Indian firms target overseas assets to fast-track semiconductor ambitions

Economic Times

Economic Times · 1m ago

Indian firms target overseas assets to fast-track semiconductor ambitions

Indian semiconductor companies are targeting strategic overseas acquisitions to boost their chip manufacturing and assembly ambitions, aiming to gain proprietary expertise, precision equipment, and critical intellectual property. Key players like Tata Electronics and L&T Semiconductor Technologies are acquiring foreign assets while investing in greenfield facilities in India. These acquisitions are crucial for upskilling local workforces and establishing robust training pipelines. The move towards advanced packaging technologies could enhance India's global position in the semiconductor industry.

ASIP joins hands with Korean company APACT for OSAT facility

Economic Times

Economic Times · 1y ago

ASIP joins hands with Korean company APACT for OSAT facility

ASIP, a semiconductor assembly and testing company, has partnered with Korean firm APACT to establish a semiconductor assembling and testing facility in Hyderabad. The facility, set to begin operations in 2025, will offer complete turn-key solutions for package design, assembly, testing, and more. The joint venture aims to support the development of the Electronics System Design and Manufacturing (ESDM) value chain in India. The global outsourced semiconductor assembly and testing (OSAT) market is projected to reach $76.23 billion by 2028, and India's supportive government policies make it an attractive market for semiconductor manufacturing. Additionally, ASIP has signed an MoU with IIT Hyderabad for research and development efforts in the industry.

DPIIT joins hands with Startup Policy Forum to establish India as global innovation hub

Economic Times

Economic Times · 6m ago

DPIIT joins hands with Startup Policy Forum to establish India as global innovation hub

The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with the Startup Policy Forum (SPF) to bolster India's startup ecosystem and position it as a global innovation hub. The collaboration aims to empower innovators and entrepreneurs, enhance technology adoption, and promote manufacturing capabilities. Events like SPF Startup Baithak will facilitate international relationships and connect global investors with Indian startups. SPF includes major industry players like Razorpay, Cred, and Swiggy among others.

Applied Materials to sign MoU with TN government to establish Center of Excellence

Economic Times

Economic Times · 11m ago

Applied Materials to sign MoU with TN government to establish Center of Excellence

Applied Materials has announced plans to establish a Center of Excellence for semiconductor manufacturing and equipment in Taramani, Chennai, through a Memorandum of Understanding (MoU) with the Tamil Nadu government. The MoU will be signed in San Francisco, with the aim of strengthening the semiconductor ecosystem in Tamil Nadu and developing a skilled talent pool to support the growth of the chip industry. Applied Materials plans to increase its workforce in the state to over 500 technical jobs in the coming years. The move aligns with the government's goal of making Tamil Nadu a leading semiconductor hub.

India's space regulator launches $58 mn fund to boost startups

VCCircle

VCCircle · 5m ago

India's space regulator launches $58 mn fund to boost startups

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) launched a 5 billion rupee ($57.58 million) fund to aid early-stage space technologies in commercializing and reducing import reliance. The Technology Adoption Fund aims to connect government bodies with the private sector, positioning India as a reliable partner in the global space market. It offers financial support up to 60% for startups, enhancing India's commercial space industry and attracting global players.

It's raining investments: Pegatron, Tata Electronics, others ink pacts worth over Rs 30,000 cr with Tamil Nadu Govt

Economic Times

Economic Times · 1y ago

It's raining investments: Pegatron, Tata Electronics, others ink pacts worth over Rs 30,000 cr with Tamil Nadu Govt

Tata Electronics is set to sign a memorandum of understanding (MoU) worth ₹12,000 crore with the Tamil Nadu government. The MoU aims to establish an electronic manufacturing cluster in Krishnagiri district, generating employment opportunities for the local population. This initiative is part of the government's efforts to promote electronics manufacturing in India and boost the country's self-reliance in the sector.

Meet The 11 Semiconductor Startups Powering India’s Technological Prowess

Inc42 · 1y ago

Meet The 11 Semiconductor Startups Powering India’s Technological Prowess

This article highlights several Indian semiconductor startups that are playing a crucial role in the country's burgeoning semiconductor industry. The startups mentioned include AGNIT Semiconductors, Aura Semiconductor, FermionIC Design, InCore Semiconductors, Mindgrove Technologies, Morphing Machines, Oakter, Saankhya Labs, SignOff Semiconductors, Silizium Circuits, and Terminus Circuits. These startups specialize in areas such as GaN semiconductor technology, mixed-signal IC solutions, chip design, SoCs, and RF communication. With government initiatives and collaborations with global semiconductor giants, these startups are contributing to India's aim of becoming a global hub for semiconductor manufacturing and design.

Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms

Economic Times

Economic Times · 1y ago

Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms

Gujarat's semiconductor policy has attracted interest from companies in Japan, South Korea, New Delhi, and Bengaluru, as the state aims to play a crucial role in the global supply chain realignment. Micron Technology's decision to establish a $2.75 billion plant in Sanand highlights the success of Gujarat's dedicated semiconductor policy in attracting global players. The state's policy, which offers incentives and subsidies, has generated interest in semiconductor research and development, assembly testing, packaging, and critical component manufacturing. Follow-up discussions for additional large-scale projects are currently underway.

Amazon plans $5 billion of small-ticket exports from India in 2024 in shift from China

Economic Times

Economic Times · 10m ago

Amazon plans $5 billion of small-ticket exports from India in 2024 in shift from China

Amazon plans to export $5 billion worth of small-ticket items from India in 2024, a rise from $3 billion in 2023, as it looks to diversify sourcing away from China. The move reflects India's growing role in the global supply chain and follows a similar strategy by other multinational corporations. Walmart also plans to increase its supplies from India to $10 billion annually by 2027. Amazon has partnered with India's commerce ministry and trade associations to connect with small manufacturers across the country. The company aims to facilitate $20 billion in e-commerce exports from India by 2025.

Meet The 7 Semiconductor Startups Powering India’s Technological Prowess

Inc42 · 1y ago

Meet The 7 Semiconductor Startups Powering India’s Technological Prowess

The article discusses the emergence of India's semiconductor ecosystem and highlights a list of Indian semiconductor startups that are making significant contributions to the field. The startups mentioned include AGNIT Semiconductors, InCore Semiconductors, Mindgrove Technologies, Morphing Machines, Oakter, Saankhya Labs, and Terminus Circuits. These companies are engaged in various aspects of semiconductor technology, such as GaN semiconductor design, RISC/RISC-V processor cores, SoC design and production, IP products and solutions, and high-speed serial links. The Indian government's support for the semiconductor industry, along with partnerships with global semiconductor giants, further augments the growth of this sector in India.

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