semiconductors

AMD Aims to Ramp Up AI Chip Production for Release by Q4, Raises Q3 Forecast to $5.7 Billion

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[ad_1] Advanced Micro Devices on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial intelligence chips that could compete with Nvidia semiconductors. AMD shares rose about 3 percent in after-hours trading. CEO Lisa Su said AMD is set to ramp up production of its flagship MI300 artificial intelligence chips … Read more

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

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[ad_1] 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 is talking to … Read more

Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi

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[ad_1] Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries. Speaking after inaugurating Semicon India 2023 conference in Gandhinagar, PM Modi said India is establishing … Read more