India’s electronic manufacturing industry is set to grow at an annual growth rate of 41 per cent until FY 26, as per a recent report by Equiris Securities. The report says that by FY 26, the electronic manufacturing market in India is expected to reach Rs 5,980 billion, a significant leap from its valuation of […]
Foxconn, also known as Hon Hai Precision Industry, on Wednesday said it has struck strategic collaboration deal with HCL Group to establish a chip packaging and testing venture in India. According to filings on the Taiwanese stock exchange, Foxconn Hon Hai Technology India Mega Development, a subsidiary of the Taiwanese giant, is set to invest […]
The global chip shortage, which has disrupted the automobile industry in India for a substantial part of fiscal 2021, 2022, and 2023, is finally showing signs of relief. Supply-chain challenges are being addressed, and improved predictive demand forecasts are enabling more stable production schedules. According to a press release by Crisil Ratings, the scarcity of […]
Taiwanese electronics major Foxconn aims to double its workforce and investment in India by next year, a company representative based in India said on Sunday. “Under your leadership, Foxconn has grown smoothly and rapidly in India. We will work even harder to present you with a greater birthday gift next year, aiming for another doubling […]
With India trying to develop its semiconductor presence worldwide, Micron Technology CEO Sanjay Mehrotra’s update about the chip export pinned optimism towards the country’s Semicon ride globally. Mehrotra said the chips to be manufactured in Micron’s Gujarat facility will be shipped in India as well as abroad. The CEO was addressing an annual semiconductor conference […]
Samsung Electronics has announced its decision to extend production cuts in response to a challenging global semiconductor market. The company expressed a cautious outlook for the industry, noting that the demand recovery is primarily confined to high-end chips utilised in artificial intelligence applications. The memory chip industry has been experiencing an unprecedented downturn, which had […]
Following Prime Minister Narendra Modi’s meeting with Micron CEO Sanjay Mehrotra, Micron Technology will invest USD 2.5 billion (INR 22,500 crore) to establish an ATMP (assembly, test, marking, and packaging) facility in Gujarat’s Sanand GIDC-II, the Gujarat government announced on Wednesday. Sanand GIDC is a highly industrialized zone in Gujarat, home to many national and […]
