In order to deal with the situation, the auto major is now working on ways to maximise its output from available supply of electronic components.
Japan will prohibit Russia-bound shipments of goods that can be used to enhance military capability, including semiconductor equipment and components, robots, power generators, explosives and vaccines, according to the trade ministry.
The company's revenue increased to around 720 million euros ($777.31 million) in the fourth quarter, beating its guided range of 630 million euros to 660 million euros.
As per reports, statements from the company confirm months-old speculation that it was looking to invest in India to diversify its operations amid mounting geopolitical tension
India is a large enough market for a variety of chips and its proven capabilities in chip design make it a great location for a fab. But the window of opportunity may be fast closing
According to Naga Bharat Daka, co-founder of Hyderabad-based Skyroot Aerospace, a free trade agreement with European Union supply chain players would benefit the space tech ecosystem.
While the US semiconductor-control curbs seek to starve China of talent in this field, the CPC may be tempted to lure Chinese-Americans with US citizenship who are in important technical positions back in Chinese chip companies
The report pertains to HCL Group, not HCL Tech, the clarification further added.
We will be the hub of talent for the global electronics ecosystem, says Union Minister
Worldwide shipments of desktop and laptop computers fell by 19.5 percent in the third quarter of 2022 compared with the year-ago period, according to research firm Gartner
Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, plunged more than 8 percent on Tuesday. Samsung Electronics and Tokyo Electron also tumbled on concern US efforts to ensure international cooperation will crimp their ability to export to China
The US Commerce Department on Friday unveiled sweeping regulations that limit the sale of semiconductors and chip-making equipment to Chinese customers, striking at the foundation of the country’s efforts to build its own chip industry
The moves are the clearest sign yet that a dangerous standoff between the world’s two major superpowers is increasingly playing out in the technological sphere
The rules announced Friday by the US include a measure to cut China off from certain chips made anywhere in the world with US equipment, vastly expanding its reach to slow Beijing's technological and military advances
The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment
Worries over the global economy deepened after chipmakers Samsung and AMD flagged a slump in demand, blaming inflation, higher interest rates and the impact of Russia’s invasion of Ukraine.
The project, which Micron claims will be the world's largest semiconductor fabrication facility, is expected to create nearly 50,000 jobs in New York, with the first phase investment of $20 billion planned by the end of this decade.
His comments came hours after the Indian government raised fiscal support for new semiconductor facilities to cover 50% of project costs, and said it will remove a ceiling for maximum permitted investment to enable incentives for display manufacturing.
The production linked incentive, or PLI, scheme announced in December last year had offered varying degree of fiscal support to different categories for development of semiconductors and display manufacturing ecosystem in India.
Announcing the decision of the Cabinet, Union Minister Anurag Thakur said the modifications will strengthen the semiconductor scheme, thus raising capacities within the country, encouraging investments, and creating employment opportunities.
The Cabinet has also approved changes to the PLI scheme for semiconductor and display manufacturing, with the government now offering fiscal support of 50 percent, instead of 30 percent, for setting up of semiconductor ATMP / OSAT facilities in India.
"This is because the company has reiterated that the USD 20 billion related investment will be carried out outside of Vedanta Resources. The business will be undertaken in a separate entity under Vedanta Resources' holding company Volcan Investments Ltd," it said.
Chips are no small beer. The union government has allocated Rs 76,000 crore to drive semiconductor production in India, signalling their centrality to India’s growth story
After surging 13 percent in two days, Vedanta stock took a beating on September 16 and opened 6 percent lower
In an exchange filing dated February 16, the company said “The proposed business of manufacturing semiconductors is not under Vedanta Limited and we understand that it will be undertaken by the holding company”