Samsung reported a 95% plunge in June quarter profit, as the chip industry s downturn persisted despite output cuts because of weaker demand for products reliant on semiconductors from consumer gadgets to servers.

On Friday, he will inaugurate Semicon India 2023 at Mahatma Mandir in Gandhinagar. He will also address a gathering on the occasion. The theme of the Conference is Catalysing India s Semiconductor Ecosystem .

On the second day of the visit to his home state, the PM is scheduled to inaugurate an exhibition on the semiconductor industry at the Mahatma Mandir convention centre in the state capital on Friday.

Union Minister of State for Electronics and Information Technology (IT) Rajeev Chandrasekhar on Thursday said India is poised to play a major role in the global semiconductor supply chain in a decade with $10 billion in incentives and support to boost local manufacturing of chips.

A day ahead of the second edition of Semicon India 2023, which is scheduled for July 28 to 30 in Gandhinagar, Gujarat, Rajeev Chandrasekhar, minister of state of Electronics & IT, shared a report card of the work commenced in the past 18 months (since the semiconductor PLI scheme was announced in December 2021).

Gelsinger suggested the future could be brighter for the division as interest in AI drives sales of PCs starting next year, with tools such as real-time language translation and productivity software add-ons enabled by a new generation of PC chips tuned for AI.

Coproduction of jet engines for the Indian Air Force, defence industrial collaboration, space sector cooperation, semiconductor supply chain and innovation partnership and collaboration in emerging Artificial Intelligence technology are among key takeaways from PM Modi s visit to the US and his bilateral meeting with President Joe Biden.

Minister of state for skill development & entrepreneurship and electronics & IT Rajeev Chandrasekhar on Thursday said that India s semiconductor industry lagged behind due to the lack of political vision and strategic clarity exhibited by previous governments.

The government s semiconductor push in the last 18 months has turned India into a rising force in the critical sector, despite missing opportunities to develop a local ecosystem for decades due to the lack of a political vision, said Rajeev Chandrasekhar, minister of state for electronics and information technology, on Thursday.

India had in the past missed the bus on electronics and semiconductors and it is the current government under Prime Minister Narendra Modi which is rebuilding India s electronics ecosystem and pushing the country to become one of the worlds fastest growing electronics manufacturers, said Union Minister of State Electronics and IT Rajeev Chandrasekhar.

While Americans purchase these consumer electronics at staggering rates, the U.S. accounts for just 12% of global semiconductor manufacturing capacity down from 37% in 1990, according to figures from the U.S. Semiconductor Industry Association.

Ommic is a semiconductor company based near Paris, employing just over 100 people. US chip maker Macom Technology agreed earlier this year to acquire Ommic and said it would make the French site its European semiconductor centre.

Foxconn is also in talks with Prime Minister Narendra Modi’s home state Gujarat as it eyes entry into India s semiconductor sector. On Friday, PM Modi will inaugurate a conference in Gandhinagar wherein Foxconn Chairman Young Liu will also be present.

Indeed, as this article was being written, in retaliation over semiconductor curbs by the USA, China restricted exports of gallium and germaniumboth key for semiconductor manufacturing. Incidentally, days after this announcement, one possible fallout emerged from India.

Lam Research expects firstquarter revenue of $3.4 billion plus or minus $300 million, as semiconductor makers scramble to meet a surge in demand fueled by rising adoption of artificial intelligence (AI) technology.

MaxLinear had agreed to buy the memory controller maker Silicon Motion in May last year in a cash and stock deal worth $4 billion. Memory controllers are used to manage data in memory chips.

The event will showcase India’s semiconductor capabilities and chip design innovation on July 28 and will boast participation of companies like Foxconn, Micron, AMD, IBM, Marvell, Vedanta, LAM Research, NXP Semiconductors, STMicroelectronics and more.

The event will showcase India’s semiconductor capabilities and chip design innovation on July 28 and will boast participation of companies like Foxconn, Micron, AMD, IBM, Marvell, Vedanta, LAM Research, NXP Semiconductors, STMicroelectronics and more.

The event will showcase India’s semiconductor capabilities and chip design innovation on July 28 and will boast participation of companies like Foxconn, Micron, AMD, IBM, Marvell, Vedanta, LAM Research, NXP Semiconductors, STMicroelectronics and more.

Bera told the Center for Strategic and International Studies he would like to see real tangibles from the summit, including on the economic front, whether that s in the semiconductor space … the cleanenergy, electricvehicle space.