Earlier the government signed a similar MoU with the US in March 2023
Reportedly, Micron said that the plant will create up to 5,000 new direct jobs and 15,000 community jobs over the next several years
As per available reports, the government is likely to tell the venture between Agarwal's Vedanta Resources Ltd. and Taiwan's Hon Hai Precision Industry Co. it won't get incentives to make 28-nanometer chips
The company's memory chip division saw a record $3.4 billion loss.
The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing
The investment will be made and utilised in a phased manner, where in the first phase, the group will invest INR 30,000 crore
As per the report, the government is focused on creating and fostering the semiconductor industry and has been actively engaging with all stakeholders
US Commerce Secretary has said that several US companies in the electronics and semiconductor segment have a 'strong' desire to diversify their supply chain and be more resilient
The industry is poised to play an important role in enhancing the global value chain as it will expand to a market size of $85 billion and generate employability for 6,00,000 by 2030
The government of India, in December 2021, launched the India Semiconductor Mission with an incentive outlay of INR 76,000 crore to attract investments in the strategic semiconductor sector
'These Chips Can Be Proudly Stamped Made In America': Apple Will Manufacture Semiconductor Chips at New Arizona Factory
Amid supply chain difficulties overseas, Apple has said it will build chips for its products at a new factory in Phoenix, Arizona.
He also revealed that Apple will expand its relationship with TSMC which already produces chips for the iPhone maker
The Indian semiconductor market stood at $15 billion in 2020 and is estimated to reach $63 billion by 2026
The programme will support the entrepreneurs to find the challenges of scaling the startup through experts-led workshops, specialized mentorship, market access and investor and industry connections