Indian and Vietnamese incentives to attract electronic manufacturing have driven large-scale investments by major MNCs that in turn played a crucial role in driving manufacturing relocation. Vietnam and India’s mobile phone assembly boom, a key driver of that diversification, seems poised to continue. This will provide a solid foundation to...
NXP Semiconductors to Invest $1B in India, Expand R&D
Dutch company NXP Semiconductors, announced plans to invest $1 billion in India, aiming to double its research and development efforts in the country. This move aligns with India's ambition to establish itself as a significant player in the semiconductor industry. CEO Kurt Sievers made this announcement at the Semicon India...
India Makes Significant Strides in its Semiconductor Industry
India's Semiconductor Mission (ISM) has approved five semiconductor units that will receive government subsidies under a program with a total outlay of $9.2 billion. These units are expected to boost India's semiconductor manufacturing capabilities and create significant employment opportunities. 1. Micron Technology: - Approved in June 2023 for a...
India Signs 2 New MOUs in the Semiconductor Sector
During the 10th edition of the Vibrant Gujarat Global Summit held from 10th - 12th January 2024 at Gandhinagar, in the state of Gujarat, two new memoranda of understanding were signed in the semiconductor sector with the state government. While addressing the inaugural session of the summit, Jeffery Chun, global...
Micron Technology hires Tata Projects to Build Chip Packaging Plant
Mumbai-headquartered Tata Projects was awarded the contract to build Boise Idaho-based Micron Technology's $2.75 billion semiconductor plant in India's western state of Gujarat. An initial investment of $875 million will go into the establishment of the plant in two phases. The remaining investment will be supported by both the state...
Micron Technology Close to Investing $1Billion in India
In a move to further diversify its geographic footprint, Boise, Idaho-based Micron Technologies is on the verge of investing at least $1 billion in setting up a chip packaging facility in India, per a report from Bloomberg News. According to the report, the money promised could also rise up to...