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Reliance Said to Be Exploring Foray Into Chip Manufacturing; in Talks With Potential Partners
Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate has held early-stage talks with foreign chipmakers that have the potential to become technology ...
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Intel’s Quarterly Revenue Records Historic Fall of 36 Percent as Semiconductor Sales Drop
Intel on Thursday posted a massive fall in sales for the first quarter of 2023 because of a steep drop in the demand for semiconductors -- or chips -- that power personal computers and smartphones.
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India to Soon Start Semiconductor Manufacturing, Production: IT Secretary
Electronics and IT secretary Alkesh Kumar Sharma on Tuesday said that the production of semiconductors in the country will start very soon. He was responding to a query around plan of action of the Ministry of Electronics and IT after state-owned company Energy Efficiency Services Limited (EESL) raised the issue of shortage of electronic chip and p...
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Chip Shortage, Energy, China-Taiwan: 5 Global Flashpoints To Watch Out For
A new age of great-power rivalry is redrawing the map of the world economy and forcing business chiefs to navigate around a growing number of global flashpoints.
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Micron Begins Mass Production of Advanced DRAM Memory Chip in Japan
Micron on Wednesday began mass production of its new high-capacity low-power 1-beta dynamic random access memory (DRAM) chips at its new plant in Japan. Located at Hiroshima, the facility will product Micron's latest memory chip that can store a third more data than older chips, as the company tries to revive and modernise its once-mighty chip indu...
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Rapidus Project Gains Japanese Government Backing Ahead of Goal to Mass Produce Advanced Chips by 2027
Rapidus, a new project to develop and make next-generation microchips, has gained the backing of the Japanese government. Japan will pour half a billion dollars into the Rapidus project, which reportedly comprises eight major companies including Sony, SoftBank, Toyota and telecoms giant NTT. The next-generation chip development project aims to deve...
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Micron Plans to Build a $100 Billion Semiconductor Plant in New York
Micron announced on Tuesday it will invest up to $100 billion (nearly Rs. 8,14,500) to build semiconductors in New York state, capitalising on the US policies to boost domestic manufacturing of key goods. The chip giant, which is based in the western state of Idaho, said it plans to begin construction in 2024 on a project expected to be executed ov...
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Toyota to Produce Fewer Vehicles in October Due to Semiconductor Shortages: All Details
Toyota said on Thursday that it will produce 100,000 fewer vehicles in October, due to the ongoing semiconductor shortage. The company has not adjusted its global production target for its vehicles for the ongoing financial year, sticking to its forecast for a record 9.7 million units. Toyota will now produce 800,000 vehicles in October, and an ave...
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US President Joe Biden to Sign $280 Billion CHIPS Act to Boost US Semiconductor Production
US President Joe Biden will sign the $280 billion (roughly Rs. 22,27,410 crore) CHIPS Act on Tuesday, the White House has announced. The new bill is designed to incentivise investments in the US chip industry to ease US reliance on overseas supply chains for critical, cutting-edge goods. Micron is announcing a plan to boost domestic manufacturing o...
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Hyundai Expects Chip Shortage to Improve by 2023 Amid Ongoing Production Constraints, Company Official Says
Hyundai on Monday said that it expects the ongoing chip shortage to improve by 2023, as it currently faces production constraints. Amid competition from Tata Motors and Mahindra, Hyundai said it is sitting on a backlog of 1.3 lakh pending orders. A senior company official noted that semiconductor supplies have improved, helping its production to go...
-
Toyota Profit Down Amid Chip Shortage, EV Business Has Been the Worst Hit
Toyota’s profit in the April-June quarter fell nearly 18 percent YoY as the semiconductor shortage slammed the auto industry. Electric vehicles, which need many chips, have been the worst hit by the global chips crunch. Boosting the EV sale, Toyota makes the Prius hybrid, Lexus luxury models and Camry sedan.
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US Chip Export Restrictions to China May Hurt Global Supply Chain, Say Experts
The USA’s export restrictions to curb China's advances in semiconductor manufacturing can cause a great damage to the fragile global chip supply chains, suggest the experts. Chipmakers Samsung and SK Hynix have invested heavily in China in recent decades to produce chips that are vital to customers like Apple, Amazon, Facebook owner Meta and Goog...
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Maruti Suzuki Says Chip Shortage Limiting Production Volumes; 51,000 Vehicles Not Produced in June Quarter
Maruti Suzuki was unable to produce 51,000 units due to the ongoing chip shortage in the June quarter, the company’s CFO Ajay Seth said on Tuesday. India's largest carmaker sold over 4.67 lakh vehicles in the same period, while the semiconductor crisis was said to present challenges in planning production activities. Maruti Suzuki’s supply chai...
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India’s Passenger Vehicle Makers See Double Digit Growth Amid Improvement in Chip Shortage Issue: Details
Domestic sales of passenger vehicles from manufacturers like Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra increased in July with the firms reporting single to high double-digit growth in sales. Manufacturers like Kia, Toyota Kirloskar Motor, Honda, and Skoda also saw a large increase in vehicle sales in India, with the highest-ever p...
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TSMC Head Warns Invasion Would Devastate Global Supply Ahead of Potential Nancy Pelosi Visit
TSMC Chairman Mark Liu said in an interview on CNN on Monday that an invasion of the island would “render the TSMC factory not operable” and "nobody can control TSMC by force". Liu’s comments come amid increasing tensions surrounding a potential visit by US House Speaker Nancy Pelosi to the island. The possibility of an invasion by China whi...
-
Reliance Said to Be Exploring Foray Into Chip Manufacturing; in Talks With Potential Partners
Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said. The telecoms-to-energy conglomerate has held early-stage talks with foreign chipmakers that have the potential to become technology ...
-
Intel’s Quarterly Revenue Records Historic Fall of 36 Percent as Semiconductor Sales Drop
Intel on Thursday posted a massive fall in sales for the first quarter of 2023 because of a steep drop in the demand for semiconductors -- or chips -- that power personal computers and smartphones.
-
India to Soon Start Semiconductor Manufacturing, Production: IT Secretary
Electronics and IT secretary Alkesh Kumar Sharma on Tuesday said that the production of semiconductors in the country will start very soon. He was responding to a query around plan of action of the Ministry of Electronics and IT after state-owned company Energy Efficiency Services Limited (EESL) raised the issue of shortage of electronic chip and p...
-
Chip Shortage, Energy, China-Taiwan: 5 Global Flashpoints To Watch Out For
A new age of great-power rivalry is redrawing the map of the world economy and forcing business chiefs to navigate around a growing number of global flashpoints.
-
Micron Begins Mass Production of Advanced DRAM Memory Chip in Japan
Micron on Wednesday began mass production of its new high-capacity low-power 1-beta dynamic random access memory (DRAM) chips at its new plant in Japan. Located at Hiroshima, the facility will product Micron's latest memory chip that can store a third more data than older chips, as the company tries to revive and modernise its once-mighty chip indu...
-
Rapidus Project Gains Japanese Government Backing Ahead of Goal to Mass Produce Advanced Chips by 2027
Rapidus, a new project to develop and make next-generation microchips, has gained the backing of the Japanese government. Japan will pour half a billion dollars into the Rapidus project, which reportedly comprises eight major companies including Sony, SoftBank, Toyota and telecoms giant NTT. The next-generation chip development project aims to deve...
-
Micron Plans to Build a $100 Billion Semiconductor Plant in New York
Micron announced on Tuesday it will invest up to $100 billion (nearly Rs. 8,14,500) to build semiconductors in New York state, capitalising on the US policies to boost domestic manufacturing of key goods. The chip giant, which is based in the western state of Idaho, said it plans to begin construction in 2024 on a project expected to be executed ov...
-
Toyota to Produce Fewer Vehicles in October Due to Semiconductor Shortages: All Details
Toyota said on Thursday that it will produce 100,000 fewer vehicles in October, due to the ongoing semiconductor shortage. The company has not adjusted its global production target for its vehicles for the ongoing financial year, sticking to its forecast for a record 9.7 million units. Toyota will now produce 800,000 vehicles in October, and an ave...
-
US President Joe Biden to Sign $280 Billion CHIPS Act to Boost US Semiconductor Production
US President Joe Biden will sign the $280 billion (roughly Rs. 22,27,410 crore) CHIPS Act on Tuesday, the White House has announced. The new bill is designed to incentivise investments in the US chip industry to ease US reliance on overseas supply chains for critical, cutting-edge goods. Micron is announcing a plan to boost domestic manufacturing o...
-
Hyundai Expects Chip Shortage to Improve by 2023 Amid Ongoing Production Constraints, Company Official Says
Hyundai on Monday said that it expects the ongoing chip shortage to improve by 2023, as it currently faces production constraints. Amid competition from Tata Motors and Mahindra, Hyundai said it is sitting on a backlog of 1.3 lakh pending orders. A senior company official noted that semiconductor supplies have improved, helping its production to go...
-
Toyota Profit Down Amid Chip Shortage, EV Business Has Been the Worst Hit
Toyota’s profit in the April-June quarter fell nearly 18 percent YoY as the semiconductor shortage slammed the auto industry. Electric vehicles, which need many chips, have been the worst hit by the global chips crunch. Boosting the EV sale, Toyota makes the Prius hybrid, Lexus luxury models and Camry sedan.
-
US Chip Export Restrictions to China May Hurt Global Supply Chain, Say Experts
The USA’s export restrictions to curb China's advances in semiconductor manufacturing can cause a great damage to the fragile global chip supply chains, suggest the experts. Chipmakers Samsung and SK Hynix have invested heavily in China in recent decades to produce chips that are vital to customers like Apple, Amazon, Facebook owner Meta and Goog...
-
Maruti Suzuki Says Chip Shortage Limiting Production Volumes; 51,000 Vehicles Not Produced in June Quarter
Maruti Suzuki was unable to produce 51,000 units due to the ongoing chip shortage in the June quarter, the company’s CFO Ajay Seth said on Tuesday. India's largest carmaker sold over 4.67 lakh vehicles in the same period, while the semiconductor crisis was said to present challenges in planning production activities. Maruti Suzuki’s supply chai...
-
India’s Passenger Vehicle Makers See Double Digit Growth Amid Improvement in Chip Shortage Issue: Details
Domestic sales of passenger vehicles from manufacturers like Maruti Suzuki, Hyundai, Tata Motors and Mahindra & Mahindra increased in July with the firms reporting single to high double-digit growth in sales. Manufacturers like Kia, Toyota Kirloskar Motor, Honda, and Skoda also saw a large increase in vehicle sales in India, with the highest-ever p...
-
TSMC Head Warns Invasion Would Devastate Global Supply Ahead of Potential Nancy Pelosi Visit
TSMC Chairman Mark Liu said in an interview on CNN on Monday that an invasion of the island would “render the TSMC factory not operable” and "nobody can control TSMC by force". Liu’s comments come amid increasing tensions surrounding a potential visit by US House Speaker Nancy Pelosi to the island. The possibility of an invasion by China whi...
