Intel to Receive $3.2 Billion Government Grant to Set Up $25 Billion Israel Chip Plant

Intel to Receive $3.2 Billion Government Grant to Set Up $25 Billion Israel Chip Plant

ByNews Polite

Israel’s government agreed to give Intel a $3.2 billion (roughly Rs. 26,600 crore) grant for new $25 billion (roughly Rs. 2,91,100 crore) chip plant it plans to build in southern Israel, both sides said on Tuesday. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in…

Vedanta Chairman Says Their $5 Billion Made-in-India Chip Will Be Ready in 2.5 Years

Vedanta Chairman Says Their $5 Billion Made-in-India Chip Will Be Ready in 2.5 Years

ByNews Polite

Vedanta group chairman Anil Agarwal on Friday said that the first phase of its semiconductor project will involve a $5 billion (roughly Rs. 41,300 crore) investment of the overall $20-billion (roughly Rs. 1,64,500 crore) outlay, and the venture will be ready with made-in-India chip in two and a half years….

Vedanta’s Semiconductor Unit in Gujarat to Be Headed by David Reed; to Manufacture Chips for Phones, Laptops

Vedanta’s Semiconductor Unit in Gujarat to Be Headed by David Reed; to Manufacture Chips for Phones, Laptops

ByNews Polite

Anil Agarwal-led Vedanta on Monday named industry veteran David Reed to head its semiconductor unit where it is looking to invest $20 billion (nearly Rs. 1,65,600 crore) to manufacture chips essential for mobile phones to laptops and TV sets. In an interview with PTI, Agarwal said the group is looking to start…

China’s SMIC Ramps Up Production of Decade-Old 28nm Chips, US Lawmakers Raise Concerns

China’s SMIC Ramps Up Production of Decade-Old 28nm Chips, US Lawmakers Raise Concerns

ByNews Polite

China’s largest chip maker SMIC is ramping up production of a decade-old chip technology, key to many industries’ supply chains, setting off alarm bells in the United States and prompting some lawmakers to try to stop them. The United States and allied nations could further step up restrictions if China…

US Tightens Export Controls on Advanced Chips, Engine Technology Critical to National Security

US Tightens Export Controls on Advanced Chips, Engine Technology Critical to National Security

ByNews Polite

The US on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national security. The “emerging and foundational technologies” covered by the move include gallium oxide and diamond, because “devices that utilize these materials have…

US Senator Campaigns to Pass Antitrust Bill Against Big Tech as Time Runs Short

US Senator Campaigns to Pass Antitrust Bill Against Big Tech as Time Runs Short

ByNews Polite

US congressional leader on antitrust, Senator Amy Klobuchar, on Tuesday called for Congress to pass a bill to rein in Big Tech, as prospects of it becoming law seemed to be dimming. Supporters have been pressing Senate Majority Leader Chuck Schumer to schedule a vote on the bill that would…