Semiconductors

September 16, 2024 3:31 PM

Cabinet approves one more semiconductor unit in Gujarat, India’s fifth

In a bid to develop a vibrant semiconductor ecosystem, the Union Cabinet chaired by Prime Minister Narendra Modi has approved a proposal by Kaynes Semicon Pvt Ltd to set up a new semiconductor unit in Sanand, Gujarat. The proposed unit will be established with an investment of Rs 3,300 crore and will have a capacity of 60 lakh chips per day. The chips produced will cater to a wide range of applications, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobi...

Zoho plans $700 mln foray into chipmaking

Indian software firm Zoho is planning a foray into chipmaking and seeking incentives from the federal government, two sources with direct knowledge of the proposal said, with one of them pegging the investment plan at $700 million. Zoho, established in 1996 and now headquartered in India's Tamil Nadu, offers software and related services on subscription to businesses in 150 countries, competing with the likes of Microsoft and Salesforce. It is the latest company to seek financial sweeteners fr...