Global sales of total semiconductor manufacturing equipment by original equipment manufacturers next year are forecast to bounce back from a projected contraction of 18.6% to $87.4 billion in 2023 following the industry record of $107.4 billion in 2022, SEMI announced today in its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at SEMICON West 2023. The expected 2024 recovery – to $100 billion – will be driven by both the front-end and back-end segments.

Publication: ELE Times

Foxconn s reasons for not proceeding with this particular project were vague, and the company insists that it remains committed to manufacturing in India.

Publication: Money Control

Now, it is in talks with chipmaking giant Taiwan Semiconductor Manufacturing Company (TSMC) and Japan s TMG, as per Economic Times. The companies are in talks to set up a semiconductor fabrication plant in the country.

Publication: Business Standard

A shortage of semiconductor chips continues to impact the issue of chip based driver s licences and automobile registration cards, to the frustration of new vehicle owners

Publication: The Economic Times

Chipmaker Nvidia Corp, which unveiled several new products and services for artificial intelligence, added $776 billion in market capitalisation with a 215% rally in its stock Microsoft and Tesla have added $760 billion and $492 billion, respectively, in market value so far this year

Publication: The Economic Times

Governments globally are investing massive amounts of public money to offer subsidies to companies setting up semiconductor plants. The US has announced a USD 39bn subsidy for companies setting up semiconductor units in the country, and Germany will offer a USD 11bn subsidy to Intel for a USD 34bn plant.

Publication: The New Indian Express

Web3.0 reinvents customer engagement, turning ordinary business interactions into immersive journeys. Gen Z, the digital natives, are seeking more meaningful interactions online, a kind of engagement that truly resonates with their identity.

Publication: Financial Express

The government has started discussing a proposal to support domestic Indian semiconductor chip design companies by taking equity stake, as a key element of the second phase of the design-linked incentive (DLI) scheme. The first phase of the scheme is currently on.

Publication: Business Standard

Several new investments, including by chipmaker Micron and ecommerce giant Amazon, were announced by American companies during Prime Minister Narendra Modi s recent trip to the US, with GE also deciding to share technology as part of a deal with public sector company Hindustan Aeronautics Ltd

Publication: Times of India

As a result, hundreds of signatories including chief executives from companies such as Siemens, Renault, and Airbus as well as prominent individuals such as chief AI scientist at Meta, another godfather of AI , Yann LeCun and British chipmaker ARM s founder Hermann Hauser, wrote an open letter to EU expressing concerns that the move can kill competitiveness in the field and even force companies to exit the bloc.

Publication: Tech Hindustan Times

One and a half years after green lighting a $10 billion incentive plan for the semiconductor industry, India s scorecard so far is just one that of US based Micron Technology, which would build a $2.75 billion factory to assemble, test and package chips in Gujarat.

Publication: Financial Express

Worries around debt repayments and stretched finances in billionaire Anil Agarwal’s Vedanta Resources Ltd are once again in focus, underscored by losses in some bonds of the commodity giant. Its outstanding dollar bonds plunged, with notes due in April 2026 falling 6.1 cents this week, the most since five days ended March 24.

Publication: Deccan Herald

After failing to partner with Vedanta to set up a semiconductor plant in India, Taiwanese company Foxconn has started joint venture talks with other companies. Foxconn is in talks with Taiwan’s TSMC and Japan’s TMH, according to people familiar with the matter. TSMC is one of the world’s largest chip foundries, while TMH provides semiconductor solutions for the maintenance and operation of manufacturing equipment.

Publication: Dainik Bhaskar

The announcement that the much-vaunted joint venture between Foxconn of Taiwan and Vedanta for setting up a $19.5 billion semiconductor facility has been called off caused concern initially as it appeared to be a setback for India’s ambitions of entering this high technology sector. A closer look at the statements of the two companies as well as a study of the joint venture’s background brings one to the conclusion that perhaps this decision was for the best in the long run.

Publication: The Hans India

A significant percentage of young professionals are keen to embrace artificial intelligence (AI) upskilling, recognising its crucial role in staying relevant in the job market, as per a report released on Saturday. About 80% respondents believed acquiring AI skills can give them a competitive advantage and will open doors to exciting job opportunities

Publication: The New Indian Express

Remember how there was an inordinate delay in the delivery of your new car. It was because of a shortage of the microchip that controls many of its functions.

Publication: The New Indian Express

Rapid advances in artificial intelligence such as Microsoft-backed OpenAI’s ChatGPT are complicating efforts to bring in laws governing the use of the technology. Here are the latest steps some key nations and international governing bodies are taking to regulate AI tools.

Publication: The Economic Times

Foxconn chairman Young Liu had met the then chief minister Basavaraj Bommai in March, when the two sides also signed a memorandum of understanding. 

Publication: The Economic Times

The government will invest a total of $13 billion (roughly Rs 1. 5 lakh crore) in BharatNet over the years to expand the footprint of the rural internet connectivity scheme to every village, Union minister for electronics and information technology Ashwini Vaishnaw said on Friday.

Publication: The Economic Times

In recent times, the progress in developing physical and digital infrastructure in the country has been much written about and discussed.

Publication: The Economic Times

With AI promising a quicker impact on productivity and performance, the idea of metaverse has gone cold. Disney and Microsoft have put their metaverse plans on hold, shifting focus to AI.

Publication: The Economic Times

America’s largest semiconductor companies are embarking on a lastditch effort to head off new curbs on their sales to China, with senior executives traveling to Washington next week for talks with administration officials and lawmakers.

Publication: The Economic Times

Russia Has Expressed its interest in collaboration with India in areas such as quantum technologies and semiconductors, a month after India announced a joint quantum initiative with the US.

Publication: Financial Express

There’s a similar fear expressed earlier about computers taking away jobs, or robots replacing humans in the wokforce. All the new tech tools have further unlocked and unleashed the human potential,” Amit Sharma vice president, head , people and culture, India, Volvo Group, said.

Publication: Mint

This consortium, a JV between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor, announced last year that it was building a $3b semiconductor plant in Karnataka. Reportedly the project was set to generate 1,500 direct jobs and 10,000 indirect ones. At the time the company had even signed a MoU with the Karnataka government.

Publication: The Economic Times