Could a little league baseball team win the World Series in five years? Japan’s state-backed chip startup Rapidus has a similarly long-shot ambition. In a country that currently produces 40 nanometer semiconductors, the two-year-old venture has the goal of leapfrogging generations of innovation and producing bleeding-edge 2 nanometer chips in 2027. It would be easy … Read more
Tech giant Nvidia is now worth over $3.2 trillion, with its dominance as a chipmaker making it the poster child of the artificial intelligence boom. After the stock’s swift rise on Wall Street it briefly topped Microsoft as the most valuable company in the S&P 500 this week. The company is now worth over $3.2 … Read more
Tata would make a “very, very big investment” in electronics and semiconductors and it would announce the fab, a specialised factory for production “very soon” to produce “multiple nodes”, Tata Sons chairman N. Chandrasekaran said in Chennai on Wednesday. Delivering the 20th Anantharamakrishnan Memorial Lecture, after receiving the MMA-Amalgamations Business Leadership Award 2023, Mr. Chandrasekaran … Read more
Days after exiting the $19.5 billion Vedanta chip plan in India, Taiwan-based Foxconn has proposed to set up a Rs 8,800 crore supplementary plant in Karnataka. Karnataka’s large and medium industries minister M B Patil said on Monday that the major iPhone assembler for Apple has plans to invest Rs 8,800 crore for the plant … Read more
A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal’s Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy. “Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem. Foxconn is working … Read more
India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground. New Delhi plans to reopen the application process for $10 billion in incentives and assistance intended to encourage local chipmaking, people familiar … Read more
South Korea is forecast to overtake China in spending on advanced chipmaking equipment next year in a sign of US export controls reshaping global supply chains for semiconductors. Korea will likely increase its investment in fab equipment by 41.5% to $21 billion in 2024 while China logs only a 2% increase to $16.6 billion, according … Read more
South Korea’s Samsung Electronics Co on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade. The guidance bucks a broader industry trend to scale back spending and output, fanning concern that the world’s biggest … Read more
Now consumers and businesses are holding off on big purchases as they cope with inflation and rising interest rates. This time was supposed to be different. The memory-chip sector, famous for its boom-and-bust cycles, had changed its ways. A combination of more disciplined management and new markets for its products — including 5G technology and … Read more