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Commerce and Industry Minister, Piyush Goyal, has revealed that India s semiconductor sector is witnessing an astounding level of interest from major industry players, with companies such as Micron and Foxconn actively exploring various avenues of engagement.

NXP Semiconductors has generated revenue of Rs1,866 million (+9 percent) from Automotive; Rs578 million (19 percent) from Industrial & IoT; Rs284 million from Mobile; Rs571 million (+15 percent) from Communications Infrastructure & Others in Q2 2023.

As part of USled efforts to stop China from creating highend semiconductors suitable for military applications, Japan s curbs on the export of advanced chipmaking equipment went into effect on Sunday, Kyodo news reported.

With proposals ranging from building compound semiconductor fabrication (fab) facilities to establishing semiconductor packaging plants in the country, these entrepreneurs are capitalising on the government’s liberal financial incentives under the semiconductor scheme.

The Gujarat government has unveiled the Semiconductor Policy (2022-2027). This strategic initiative reflects the state’s unwavering commitment to fostering accelerated and inclusive growth within the domestic semiconductor chip manufacturing sector.

Germany plans to dole out 20 billion euros (Rs22.19 billion) to bolster semiconductor manufacturing in the country, Bloomberg news reported on Monday. The money will be distributed to German and international companies by 2027 and will be drawn from the Climate and Transformation Fund, the report said, citing people involved in the negotiations.

The Semiconductor programme did not ask for, and no bidder promised, that the semiconductor chips would be sold in India to the Indian electronics products manufacturers at prices lower price than global prices despite 50 percent to 70 percent fiscal support.

The Rs700 billion in subsidies and investment that the Biden administration has mobilized through the Inflation Reduction Act and the Chips Act has unleashed a string of plant projects related to semiconductors, electric vehicles and renewable energy.

China s government appealed to Japan on Monday not to disrupt the semiconductor industry after curbs on exports of Japanese chipmaking technology took effect, adding to technology restrictions Washington and its allies have imposed on China on security grounds.

Japan’s imposition of export controls on chip making tools to align with a U.S. policy restricting China’s ability to produce advanced semiconductors is worrying some officials in Tokyo who believe a combative U.S. approach may hamper coordination and needlessly provoke Beijing.