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US Chip Toolmaker Lam Research to Invest Over $1 Billion in India’s Semiconductor Growth

Lam Research, a leading US-based chip toolmaker, has announced plans to invest over ₹100 billion ($1.2 billion) in Karnataka, India, reinforcing the nation’s ambitious semiconductor expansion strategy. The investment, formalized through a Memorandum of Understanding (MoU) with the Karnataka Industrial Area Development Board (KIADB), marks a significant step in India’s efforts to establish itself as a global semiconductor manufacturing hub. …

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India to Launch First Semiconductor Chip in 2025: A Milestone for the Tech Industry

India is set to make history with the launch of its first domestically manufactured semiconductor chips in 2025. This major step in India’s technological journey was confirmed by Ashwini Vaishnaw, the Minister for Railways, Communications, Electronics, and Information Technology, during the World Economic Forum (WEF) in Davos.   The ambitious project, initially slated for December 2024, is now expected to …

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Meet 21 Semiconductor Startups Powering India’s Technological Prowess

India’s semiconductor industry is experiencing rapid growth, fueled by government initiatives like the Semicon India programme and the Design Linked Incentive (DLI) scheme. With a projected $150 billion market opportunity by 2030, semiconductor startups are shaping the future of electronics, AI, IoT, and high-performance computing.   The Rise of India’s Semiconductor Ecosystem   Semicon India Programme: Launched with an INR …

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L&T Semiconductor’s $10 Billion Bet on India’s Chip Future

L&T Semiconductor Technologies (LTSCT), a fully owned subsidiary of Larsen & Toubro (L&T), is gearing up for a major leap into semiconductor manufacturing with a planned investment exceeding $10 billion. However, this ambitious move hinges on the company’s ability to generate a strong revenue stream from its own semiconductor products before committing to such a massive capital expenditure.   Strategic …

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Suchi Semicon Begins Chip Plant Without Centre’s Incentive, Plans $100 Million Investment in 3 Years

Gujarat-based Suchi Semicon has commenced semiconductor production without waiting for incentives under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) or the India Semiconductor Mission. The company has announced an ambitious plan to invest $100 million (approximately ₹840 crore) over the next three years. A Self-Sustained Business Plan Ashok Mehta, Chairman of Suchi Group and Founder …

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₹27,000 Crore Assam Semiconductor Plant: A Game-Changer for India’s Chip Ecosystem

India is making strides toward becoming a global semiconductor powerhouse, with the development of a state-of-the-art facility in Morigaon, Assam. Spearheaded by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) with an investment of ₹27,000 crore, the plant is slated for completion by mid-2025. The facility will strengthen India’s semiconductor ecosystem and reduce reliance on imports, contributing to the country’s …

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India’s Semiconductor Industry to Generate a Million Jobs by 2026, Report Finds

As India moves toward becoming a global hub for semiconductor manufacturing, the sector is projected to create up to one million jobs across diverse roles by 2026, according to a recent report by talent solutions provider NLB Services. The surge in demand spans various specialties, from fabrication and testing to design and quality control, as the country aims to solidify …

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L&T Semiconductor Technologies Aims to Sign First Clients by September, Plans for $12 Billion Investment in Indian Fabs

August 14, 2024 | IoTAdda News Desk L&T Semiconductor Technologies (LTSCT), a division of the engineering and construction conglomerate Larsen & Toubro, is making bold strides to establish itself as a global semiconductor player. The company plans to sign its first clients by September 2024 and is eyeing the construction of three semiconductor fabrication plants (fabs) in India, with potential …

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