US offer to help India in chip manufacturing just lip service: China

New Delhi, Oct 15 (IANS) As the US and India join hands to address semiconductors supply chain challenges, the Joe Biden government’s offer to provide assistance to India to build up its semiconductor manufacturing capacity appears to be just lip service, Chinese state-run publication Global Times has said. US deputy assistant secretary, South and Central … Read more

Reliance, Sanmina completes JV transaction to build manufacturing hub in India

Mumbai, Oct 4 (IANS) Integrated manufacturing solutions company Sanmina Corporation and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries (NS:) Limited (RIL), on Tuesday announced the completion of their joint venture transaction. The joint venture will create a world-class electronic manufacturing hub in India, in line with Prime Minister Narendra Modi’s … Read more

Dow Futures Rise 185 Pts; ISM Manufacturing PMI Release Due

By Peter Nurse Investing.com — U.S. stocks are seen opening higher Monday, rebounding after the previous torrid quarter as investors prepare for more volatility at the start of a week which includes the latest U.S. jobs report. At 07:00 ET (11:00 GMT), the contract was up 185 points, or 0.6%, traded 20 points, or 0.5% … Read more

Cabinet approves modifications in PLI scheme for semiconductors manufacturing

New Delhi, Sep 21 (IANS) Aiming to make India self-reliant in semiconductors production, considering the growing demand for them across the globe owing to the acute shortage, the Union Cabinet on Wednesday approved certain modifications in the production-linked incentive (PLI) scheme for its manufacturing. Under the modified programme, a uniform fiscal support of 50 per … Read more

China’s chip output shrinks as India, US ramp up local manufacturing

New Delhi, Sep 18 (IANS) As India and the US double down on domestic semiconductor manufacturing, China witnessed its biggest-ever monthly decline in chip manufacturing in August owing to Covid restrictions and weakening demand. According to the South China Morning Post, the production of integrated circuits (ICs) slumped 24.7 per cent year on year to … Read more

Samsung begins operation of mega chip manufacturing line in S.Korea

Seoul, Sep 8 (IANS) Samsung Electronics (KS:) has begun operation of a new advanced, massive chip manufacturing line in South Korea. The new production line (P3) in Pyeongtaek, the largest chip manufacturing facility ever built to date by Samsung, has started production of state-of-the art NAND flash since July. “The Pyeongtaek campus is fast emerging … Read more