Powerchip Semiconductor Manufacturing Corp (力積電) yesterday said that it signed an agreement with Tata Electronics Pvt Ltd to help build India’s first 12-inch chip manufacturing facility with a total investment of US$11 billion.
As part of the agreement, Powerchip would provide Tata with access to mature technology nodes and help to train Indian workers, the Taiwanese company said in a statement.
The fab would be located in Dholera, Gujarat. It would have a capacity of 50,000 wafers per month and create 20,000 jobs in the region, Powerchip said.
Photo courtesy of Powerchip Semiconductor Manufacturing Corp
Tata would receive access to a broad technology portfolio of leading-edge and mature nodes, including 28, 40, 55, 90 and 110-nanometer technologies, as well as collaboration in high-volume manufacturing.
The new fab is to manufacture chips for applications such as power management ICs, display driver ICs, microcontrollers and high-performance computing chips. These products are in high demand in the automotive, computing and data storage, wireless communications and artificial intelligence sectors, it said.
Powerchip told investors in July that any overseas technology partnerships would be based on the condition that they would generate new cash flow and have a positive impact on the company’s financial performance.
The news came after the US and India reached an agreement to work together on setting up a semiconductor fab in India, giving a boost to Indian Prime Minister Narendra Modi’s efforts to increase high-tech manufacturing in the country.
The proposed plant would make infrared, gallium nitride and silicon-carbide semiconductors, the White House said in a statement following a meeting between US President Joe Biden and Modi on Saturday last week.
Earlier this month, Indian Minister of Railways, Communications and Electronics and Information Technology Ashwini Vaishnaw said that the South Asian country is attempting to develop the entire chip value chain as India aims to increase its electronics sector to US$500 billion by the end of the decade.
Additional reporting by Bloomberg
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
Intel Corp yesterday reinforced its determination to strengthen its partnerships with Taiwan’s ecosystem partners including original-electronic-manufacturing (OEM) companies such as Hon Hai Precision Industry Co (鴻海精密) and chipmaker United Microelectronics Corp (UMC, 聯電). “Tonight marks a new beginning. We renew our new partnership with Taiwan ecosystem,” Intel new chief executive officer Tan Lip-bu (陳立武) said at a dinner with representatives from the company’s local partners, celebrating the 40th anniversary of the US chip giant’s presence in Taiwan. Tan took the reins at Intel six weeks ago aiming to reform the chipmaker and revive its past glory. This is the first time Tan
RSS