The US Department of Commerce on Tuesday announced the release of its implementation stategy for the $50 billion (roughly Rs. 3,99,000 crore) CHIPS (Creating Helpful Incentives to Produce Semiconductors) Act signed into law by US President Joe Biden last month. The bipartisan bill is designed to subsidise the cost of manufacturing chips in the US, as the … Read more
The US on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national security. The “emerging and foundational technologies” covered by the move include gallium oxide and diamond, because “devices that utilize these materials have significantly increased military potential,” the … Read more
US President Joe Biden on Tuesday signed a landmark bill to provide $52.7 billion (roughly Rs. 4,19,400 crore) in subsidies for US semiconductor production and research and to boost efforts to make the US more competitive with China’s science and technology efforts. “The future is going to be made in America,” Biden said, calling the measure “a once-in-a-generation … Read more
Three senior Biden administration officials will brief senators on Wednesday on the global innovation and technology race and a proposed bill to boost US semiconductor manufacturing, two officials told Reuters. Commerce Secretary Gina Raimondo, Director of National Intelligence Avril Haines and Deputy Defense Secretary Kathleen Hicks will conduct the classified all-senators briefing at 4:00pm EDT … Read more
The US chipmaker Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine, an EU filing showed on Monday. Europe’s top court … Read more
Spain’s government has approved a plan to spend EUR 12.25 billion (roughly Rs. 1,01,600 crore) on the semiconductor and microchip industry by 2027, Economy Minister Nadia Calvino said on Tuesday, including EUR 9.3 billion (roughly Rs. 77,100 crore) to fund the building of plants. The programme that consists mostly of European Union pandemic relief funds is directed … Read more
The government’s roadmap for the semiconductor sector entails big investments due to geopolitical circumstances but it is giving equal importance to design and innovation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. Speaking at 35th International VLSI and Embedded Systems Conference, Chandrasekhar said India’s performance during the COVID-19 pandemic has placed … Read more
Large chip companies so far predict limited supply chain disruption from the Russia-Ukraine crisis, thanks to raw material stockpiling and diversified procurement, but some industry sources worry about the longer-term impact. One of the worst security crises in Europe in decades is unfolding, with Russian President Vladimir Putin on Thursday authorising a military operation in … Read more
Mumbai: Auto component makers are back on investors‘ radar as a rebound in vehicle sales and increased supply of chips have improved the outlook for the sector. Shares of Sona BLW Precision, Minda Industries, Suprajit Engineering, Jamna Auto, and Minda Corp have rallied between 10% and 30% in the past month. Lumax Industries, Wabco India, … Read more
Intel Chief Executive Pat Gelsinger plans to attend a virtual White House meeting on the global chip shortage, along with representatives from companies including Apple, Microsoft, Samsung Electronics, GM, Ford, and Stellantis, people familiar with the matter said. The meeting will be hosted by Secretary of Commerce Gina Raimondo and National Economic Council Director Brian … Read more