Vedanta-Foxconn, Other Chip Firms Expected to Re-Apply for Government Funding Under Revised Scheme

Some applicants including Vedanta Foxconn JV are expected to re-apply for government incentives under the modified semiconductor scheme opening from June 1, according to sources. Under the Modified Semicon India Programme, the government has increased the financial incentive of 50 percent of the project cost for companies, consortia, joint ventures for setting up semiconductor fabs in India of any node (wafer size).

In the old scheme, the incentives varied on the basis of wafer node size.

Similarly, a fiscal incentive of 50 percent of the project cost is available for setting up of display fabs of specified technologies in India, a statement said on Wednesday.

"Government has decided to invite new applications for setting up of Semiconductor Fabs and Display Fabs in India from June 01, 2023, under the Modified Semicon India Programme. The applications will be received by India Semiconductor Mission," the statement said.

Minister of State for Electronics and IT, Rajeev Chandrasekhar said that the first window for more expensive 28 nanometer (nm) fabs was kept open for 45 days only in January 2022 and 3 applications were evaluated by India Semiconductor Mission and its advisory group.

"Strategy now is also encouraging mature nodes of over 40nm - current n new players may apply afresh in various nodes that they hv technology for. It is expected that some of the current applicants will reapply n new fresh investors will also apply," Chandrasekhar tweeted.

Sources said that Vedanta Foxconn JV is also expected to re-apply under the modified scheme.

An email query sent to Vedanta, who is leading the JV, did not elicit any reply.

The application window for “Modified Scheme for setting up of Compound Semiconductors, Silicon Photonics, Sensors Fab, Discrete Semiconductors Fab and Semiconductor ATMP, OSAT facilities in India” is open till December 2024, the statement said.

Leading storage semiconductor company Micron has also applied for setting up an OSAT unit.

"Application window of Design Linked Incentive Scheme is also open till December 2024. Till date 26 applications have been received under DLI Scheme and five applications have been granted approval," the statement said.

Semicon India Programme was approved by the cabinet in December 2021 with an outlay of Rs. 76,000 crore for the development of the semiconductors and display manufacturing ecosystem in India.

Samsung Galaxy A34 5G was recently launched by the company in India alongside the more expensive Galaxy A54 5G smartphone. How does this phone fare against the Nothing Phone 1 and the iQoo Neo 7? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

from Gadgets 360 https://ift.tt/46FbP1l

Itel P55 With Dual Rear Cameras, 5,000mAh Battery Launched in India: Price, Specifications

Itel P55 5G was launched in India on Tuesday and it claims to be the cheapest 5G smartphone in the country. The phone is powered by an octa-core Dimensity chipset and supports wired fast charging. It carries an AI-powered dual rear camera unit and is offered in a single storage variant along with two colour options. Itel India also introduced the Itel S23+ alongside, and is a budget smartphone with a curved AMOLED display. The company is extending a two-year warranty on the handsets and is also offering free screen replacement within 100 days of purchase. Itel P55 5G price in India, availability Offered in Blue and Green colour options, the singular 8GB + 128GB variant of the Itel P55 5G is priced at Rs. 9,999. The phone will be available for purchase via Amazon India starting October 4. Itel P55 5G specifications, features Sporting a 6.6-inch HD+ (1600 x 700 pixels) display, the dual nano SIM-supported Itel P55 comes with a refresh rate of 90Hz. The phone is powered by an octa-co...

Apple Said to Halt Use of YTMC Chips Amid Stricter US Export Rules: Report

Apple is said to have halted its use of memory chips from YMTC, or Yangtze Memory Technologies Co. The Cupertino company has reportedly paused the use of NAND flash memory chips which were expected to... from Gadgets 360 https://ift.tt/RNyUlDO

Best Smartphones of 2022

When you think of the ‘best smartphones' of the year, it's easy to just picture expensive, flagship phones. However, like every year, we've had some real standout mid-range offerings as well in 2022 that might not go toe-to-toe with proper flagships, but offer enough performance and features at much more affordable prices. Folding phones continued to get better in 2022 thanks to Samsung pioneering this segment in India, while charging speeds reached new heights. However, the big focus for all the phones on our list is cameras. We've seen smartphones with incredible zoom perfjoamcne, high-resolution sensors, and next-level video stabilisation for content creators. Depending on your budget and requirements, there's something for everyone in our list. All these smartphones have been reviewed by us and we've chosen only the best of the best, based on the ratings they received and what we felt were unique enough offerings that still stand out, even today. Here's...

Techall for you

Search This Blog