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Ahead of Semicon India 2023, President and CEO of Micron Technologies Sanjay Mehrotra met Minister of Commerce and Industry Piyush Goyal. The two discussed the Rs 2.75 billion assembly and testing plant Micron plans to build here.

Not surprising, then, that Indian semiconductor startups face massive challenges.There is definitely an increase in the number of semiconductor startups in the country. I would say we are going through a churning phase now and going forward, stronger Indian chipmaking companies should emerge, says Arun Mampazhy, semiconductor analyst.

Gujarat has shocked other states by attracting USbased Micron Technologies semiconductor unit, said Union Minister for Electronics Rajeev Chandrasekhar. He was speaking after inaugurating a sixday exhibition as part of the second edition of Semicon India 2023 in the state’s Gandhinagar.

According to the minister, Gujarat is leapfrogging other states to build the semiconductor ecosystem. He was in Gandhinagar on Tuesday at the inaugural ceremony of the five-day exhibition organised as part of Semicon India 2023.

Micron Technology President and CEO Sanjay Mehrotra met Commerce & Industry Minister Piyush Goyal on Monday to talk about the company s investment plans in India for semiconductor assembly and testing.

Germany has unveiled a bold initiative to strengthen its semiconductor industry by committing to invest approximately 20 billion euros (Rs22.15 billion) over the next few years. The move comes in response to growing concerns over supply chain vulnerabilities and the country s heavy reliance on South Korea and Taiwan for semiconductor chips.

The European Union has achieved final approval of the Chips Act, an ambitious regulation aimed at stimulating the semiconductor industry within the region and strengthening its position in the global market.

European Union member states gave final approval Tuesday to the bloc’s master plan to expand semiconductor production, clearing the path for its massive effort to slash reliance on Asia for computer chips vital for everything from washing machines to cars.

Chipmaker NXP Semiconductors forecast third-quarter revenue and profit above Wall Street targets on Monday, betting that demand from automakers ramping up production will cushion the hit from a weak consumer electronics market.

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s leading chip maker, has announced its plan to invest approximately TRs90 billion (Rs2.87 billion) in establishing an advanced packaging facility in northern Taiwan.