TAIWAN SEMICONDUCTOR MANUFACTURING CO
Gautam Adani's Middle East gamble: Billions at risk as Iran-Israel war escalates
Adani Group’s major investments in Israel, including Haifa Port, a defence JV with Elbit, and a semiconductor plan, face growing uncertainty amid escalating Israel-Iran tensions. While financial exposure remains limited, geopolitical instability threatens operations and investor sentiment, placing Adani’s Middle East strategy under heightened scrutiny.
Paytm, Mobikwik shares slip; US onsite visas stall
Paytm and Mobikwik stocks slide after MDR rumour sparks selloff. This and more in today’s ETtech Top 5.
Taiwan cyber unit says it will not be intimidated by China bounty offer
Late Wednesday, Taiwan's defence ministry's electronic force command said China was continuing to use "fictitious cyber hacking incidents to distort the facts" and offering cross-border rewards. According to Taiwan's constitution, China's communist party has no legal jurisdiction over the island and its laws have "no real binding force" on Taiwan's people, it said in a statement.
Indian firms target overseas assets to fast-track semiconductor ambitions
Indian firms including Tata Electronics and L&T Semiconductor Technologies (LTSCT) have recently made significant moves to acquire foreign assets even as they invest in greenfield facilities within the country.
Taiwan rattled by 5.9-magnitude earthquake
A magnitude-5.9 earthquake struck Taiwan on Wednesday, shaking buildings in Taipei. The quake, centered off the east coast, prompted immediate concerns, though initial reports indicated no casualties or damage. Taiwan's location on the Pacific Ring of Fire makes it prone to seismic activity, recalling a deadly 7.4-magnitude earthquake in April 2024 that caused significant damage and fatalities.
Minda Corp forms JV with Japanese firm for automotive switches
Minda Corporation has partnered with Toyodenso Co. to manufacture advanced automotive switches for the Indian market. The joint venture aims to provide comprehensive solutions, including design and manufacturing, for two-wheelers and passenger cars. A new manufacturing facility will be established in Noida, Uttar Pradesh, with operations expected to begin in the second half of FY 2026-27.
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Kaynes Technology shares in focus after unit inks Rs 85 crore asset deal with Fujitsu General Electronics
Kaynes Technology shares: The agreement, signed on June 9 and valued at 1.59 billion yen (approximately Rs 85 crore), involves assets including power module production lines. These assets are expected to strengthen Kaynes Technology’s capabilities and presence in the semiconductor manufacturing sector, particularly in the power module segment.
Qcomm cos on govt radar; Tata upskills in Taiwan
Happy Wednesday! The government may step up surveillance on quick commerce dark stores over rising hygiene concerns. This and more in today’s ETtech Morning Dispatch.
Tata Electronics sends hundreds of staff to Taiwan for semicon training
Sources told us that the electronics arm of the Tata Group has sent “a couple of hundred” employees to its technology partner Powerchip Semiconductor Manufacturing Corporation (PSMC) for hands-on training in the specialised skills needed to operate the upcoming fab in Dholera.
US Stock market: Wall Street nears all-time high, Tesla share price soars
US Stock market indexes S&P 50, Dow Jones, Nasdaq on Tuesday performed in green as Tesla share price made tremendous gains.
US stocks muted as US-China trade talks in focus
U.S. stocks experienced mixed performance on Tuesday, influenced by ongoing trade talks between the United States and China. While the S&P 500 and Nasdaq saw slight gains, the Dow remained virtually unchanged. Uncertainty surrounding global trade policies continues to impact companies, as evidenced by Designer Brands' revised financial forecasts, while some companies like Tesla and TSMC saw positive movement.
Kaynes Semicon, L&T arm to acquire Fujitsu General’s power modules business
Fujitsu will transfer the business to Larsen & Toubro’s fabless chip company and related production facilities to Kaynes, which will in turn manufacture these products for LTSCT, the companies said.
Nod to MSTI, Aequs Group SEZ proposals after norms relaxed: Govt
India has eased regulations for semiconductor and electronics component manufacturing in SEZs, leading to significant investments. Micron will establish a facility in Gujarat with an investment of Rs 13,000 crore, while Aequs will set up a unit in Karnataka with Rs 100 crore investment. These amendments aim to boost high-tech manufacturing, spur the semiconductor ecosystem's growth, and create skilled jobs.
Micron to invest Rs 13,000 crore in Gujarat SEZ; Aequs to set up Rs 100 crore facility in Karnataka after govt reforms
Micron and Aequs Group have secured government approval to establish semiconductor and electronic component-focused Special Economic Zones (SEZs) in India. Micron will invest Rs 13,000 crore in a Gujarat facility, while Aequs Group will invest Rs 100 crore in Karnataka. These approvals follow SEZ regulation reforms aimed at boosting high-tech manufacturing by reducing land requirements and easing operational constraints.
Govt approves Micron Semiconductor's proposal to set up SEZ
The government approved proposals by Micron and Aequs Group to set up SEZs in Gujarat and Karnataka for semiconductor and electronic component manufacturing. Recent SEZ rule changes aim to attract high-tech investments, reduce land requirements, and support domestic supply, fostering job creation and industry growth.
Taiwan detects Chinese incursions near its territory
Taiwan's defense ministry reported increased Chinese military activity, with multiple aircraft and naval vessels operating around the island. Some aircraft entered Taiwan's ADIZ, prompting monitoring and responses from Taiwanese forces. Meanwhile, Taiwan's foreign ministry criticized China for misrepresenting Taiwan's sovereign status following reports of Trump's reaffirmation of the "one China" policy during a call with Xi Jinping.
Xiaomi’s game-changing chip stuns tech world, even China cheers while the U.S. watches nervously
Xiaomi Xring 01 chip has shaken up the tech world by matching — and even beating — top chips like Apple’s A18 Pro and Qualcomm’s Snapdragon 8 Elite. After four years of work, 2,500 engineers, and ¥13.5 billion investment, Xiaomi has officially entered the high-end processor game. The Xring 01 chip is now powering the Xiaomi 15S Pro and Pad 7 Ultra, and even the Chinese government is cheering the achievement. Built on ARM and manufactured by TSMC, this chip puts Xiaomi right in the middle of the global semiconductor race, aiming to reduce China’s dependence on foreign technology.
China ramps up military activity near Taiwan: 34 aircraft, 8 naval vessels, 1 ship detected
Taiwan's Ministry of National Defence reported a significant increase in Chinese military activity near its territory. On Saturday, 34 Chinese aircraft and eight naval vessels were detected, with 25 aircraft crossing the median line into Taiwan's ADIZ. This follows similar incursions earlier in the week, including coast guard vessels entering Taiwan-controlled waters near Kinmen County.
Nvidia sounds the alarm: Chinese AI talent defecting to Huawei as U.S. chip curbs push them out the door
Nvidia is raising concerns that US export restrictions are inadvertently fueling China's AI advancements. The company reports a surge in AI researchers joining Huawei, driven by limited access to Nvidia chips. These restrictions are also costing Nvidia billions in lost revenue and pushing Chinese companies towards domestic alternatives like Huawei's Ascend chips.
BEL, Tata Electronics ink pact to boost India's semiconductor self-reliance
Bharat Electronics Ltd. and Tata Electronics have partnered to develop indigenous electronics and semiconductor solutions, supporting India's self-reliance goals. The MoU, signed on June 5, 2025, focuses on semiconductor fabrication, testing, and design services. This collaboration aims to meet BEL's demand for advanced components like MCUs and SoCs, enhancing India's semiconductor ecosystem.
Govt eases certain SEZ rules for semiconductors, electronic components manufacturing
The government has relaxed land area regulations for Special Economic Zones (SEZs) dedicated to manufacturing semiconductors or electronic components, reducing the required contiguous land area from 50 to 10 hectares. This move aims to boost domestic production of essential electronic components, including display modules, batteries, and printed circuit boards.
Trump renegotiating Biden-era Chips Act grants, Lutnick says
Biden in 2022 signed the CHIPS and Science Act to plow $52.7 billion into boosting semiconductor chips manufacturing and research in the U.S. and luring chipmakers away from Asia. The program rolled out billions in grants for semiconductor heavyweights including Taiwan's TSMC, South Korea's Samsung and SK Hynix, as well as U.S.-based Intel and Micron .
Nippon India Taiwan Equity Fund tops return chart with 22% in May. Can the momentum sustain?
Nippon India Taiwan Equity Fund topped equity fund returns in May with a 21.69% gain, driven by a surge in Taiwanese tech stocks. Experts highlight that while global funds may offer short-term gains, Indian markets offer better long-term prospects. Investors are advised to focus on fundamentals and risk appetite when considering international exposure.
GlobalFoundries boosts investment plans to $16 billion, with research focus
The Malta, New York-based company said it is working with the Trump administration to bring chip manufacturing technology and various components of that supply chain onto US soil.
Global Foundries to set up design & testing centre in Kolkata, eyes future fab expansion
Global Foundries will establish a design and testing center in Kolkata. The West Bengal government will provide space for the project. There is a possibility of future expansion into fabrication. Santech Global Inc. has also expressed interest in setting up a semiconductor project in Kolkata. The government aims to create a robust semiconductor ecosystem.
Taiwan's TSMC has no plans to set up manufacturing plant in Middle East: Chairman & CEO TSMC
TSMC Chairman CC Wei refuted rumors of establishing a manufacturing plant in the Middle East, specifically the UAE, emphasizing the company's focus on regions with strong customer demand near its largest clients. Despite tariff concerns, TSMC maintains its 2025 sales growth projections, noting clients haven't altered order volumes.
Tata Electronics eyes Malaysia foray via chip fab acquisition
Malaysia's expertise in assembly, testing, marking and packaging (ATMP) along with its mature ecosystem, abundant skilled workforce, robust supply chain and government support make it a preferred destination, according to analysts. Also, the Malaysian government’s National Semiconductor Strategy, announced in May 2024, offers a significant incentive structure to attract investments.
Reliance only Indian firm in highly valued global technology companies list
Reliance Industries is the only Indian firm among the top 30 global tech companies by market value, ranked 23rd in a report on AI trends. The report highlights AI's rapid global impact, India’s lead in ChatGPT users, and massive investments fueling AI’s integration into products, infrastructure, and everyday life.
TSMC to open chip design centre in Munich, could later support AI development
Taiwan Semiconductor Manufacturing Co (TSMC) will open a design centre in Munich by Q3 2025 to support European clients in developing advanced AI, automotive, and industrial chips. This complements TSMC’s €10 billion Dresden plant, boosting Europe’s semiconductor capabilities through its ESMC joint venture with Infineon, NXP, and Bosch.
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