Related News

The discovery that an ordinary potato can become an effective energy source after a little tweaking was made by researchers at The Hebrew University of Jerusalem, who conducted a study

Travis Kalanick, chief executive officer of City Storage Systems (CSS) during the Future Investment Initiative (FII) Institute Priority conference in Miami, Florida, US, on Friday, Feb. 21, 2025. Zak Bennett

Future Publishing | Future | Getty Images Amazon is bumping up the price of its ad-free Prime Video offering in the U.S. by $2 a month, the company announced Friday.

Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told “Squawk on the Street” on Friday

Shortly after the opening bell, we will be buying 45 shares of Alphabet at roughly $307. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 300 shares of GOOGL, increasing

The Sombrero Galaxy (Messier 104) is one of the most unique galaxies captured by NASA’s telescopes. It gets its name from its shape, which resembles a broad-rimmed Mexican hat when

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Chip mission drive: Govt allocates 97% of semiconductor fund, leaves little scope for new projects

Word Count: 582 | Estimated Reading Time: 3 minutes


Chip mission drive: Govt allocates 97% of semiconductor fund, leaves little scope for new projects

The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said the allocation was made under the Rs 76,000 crore India Semiconductor Mission. Of this, Rs 65,000 crore was reserved for chip production, Rs 10,000 crore for modernisation of the Semiconductor Laboratory in Mohali, and Rs 1,000 crore for the design-linked incentive scheme, PTI reported.“Out of this Rs 65,000 crore, I think we have committed close to Rs 62,900 crore or so already. We have limited funding, which we have available; we might be able to just accommodate two or three small projects,” Krishnan said.The three-day Semicon India 2025 event will be held at Yashobhoomi in New Delhi from September 2-4. It is expected to see participation from delegates representing 33 countries and over 50 senior executives from global semiconductor giants. Prime Minister Narendra Modi will inaugurate the event.Industry leaders from companies including Applied Materials, ASML, IBM, Infineon, KLA, Lam Research, Merck, Micron, PSMC, Rapidus, Sandisk, Siemens, SK Hynix, Tata Electronics and Tokyo Electron are scheduled to attend.So far, the government has cleared 10 projects in areas of strategic importance, such as high-volume fabrication units (fabs), 3D heterogeneous packaging, compound semiconductors like silicon carbide (SiC), and outsourced semiconductor assembly and test (OSATs).





Source link

Most Popular Articles