India keen to be 'trusted' chip partner and supplier — Modi

Modi believes biden will save him

2023-07-28 17:10

U.S. chipmaker AMD to invest $400 million in India by 2028

GANDHINAGAR, India (Reuters) - U.S. chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru.

AMD's announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi's home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra.

2023-07-28 23:12

Foxconn planning to set up components manufacturing plant in Tamil Nadu, will invest $200 million
A unit of Foxconn India is exploring setting up a components manufacturing unit in India's Tamil Nadu, and is currently in discussions with the MK Stalin government. The Taiwanese company plans to invest about $200 million in the project

A unit of Foxconn India is exploring setting up a components manufacturing unit in India's Tamil Nadu, and is currently in discussions with the MK Stalin government. The Taiwanese company plans to invest about $200 million in the project

A division of Foxconn, a contract electronics manufacturer, is reportedly in discussions with the Tamil Nadu government to invest $200 million in the state for establishing a new electronic components plant.

Foxconn already has a presence in Tamil Nadu, near Chennai, where they currently assemble Apple’s iPhones.

2023-07-28 23:15

Mehul Reuben Das Last Updated:July 27, 2023 13:47:51 IST

As per reports from Reuters, the company presented a plan to invest an initial sum of $180-200 million in the facility. However, it remains uncertain whether the components produced at this new plant will be utilized for iPhones or other products manufactured by the company.

The proposed plant is scheduled to be completed by 2024, and there are potential plans for further investments, though a final decision has not been reached yet.

Foxconn also exploring options in Gujarat
Apart from Tamil Nadu, Foxconn is also in negotiations with Gujarat as it endeavours to venture into India’s semiconductor sector. Foxconn Chairman Young Liu is expected to deliver a speech at an annual semiconductor event organized by the Indian government this week.

2023-07-28 23:17

Furthermore, the Karnataka state government also engaged in discussions with Foxconn about the company’s intention to invest $1.07 billion in establishing another new plant.

Meanwhile, Foxconn decided to withdraw from a $19.5 billion chips joint venture with Vedanta, stating that the project was not progressing as expected. Despite this, Foxconn affirmed its commitment to India, explaining that both parties recognized the challenges and external factors that hindered smooth progress in the joint venture.

Published on: July 27, 2023 13:47:51 IST

2023-07-28 23:17

ks55

I rather believe chip manufactureres to set up more factories in Malaysia than to 'plan' multi billion investment in where ever it may be in India. Supply chain for semiconductors better established in Malaysia, more skilled workforce, better power and water supply, and world class tranportation including seaport, airport and highways. All these factors are lacking in India.

2023-07-29 01:42

speakup

Malaysia biggest risk is turning into Afganistan 2.0

2023-07-29 10:47

What Modi is telling just a story, will never materialise. India like to do empty talk with unrealistic projection.
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its all Indians movies.

2023-07-29 13:06

osted by speakup > 2 hours ago | Report Abuse

Malaysia biggest risk is turning into Afganistan 2.0

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malaysia difficult to be excellent but also impossible to be the worse.

2023-07-29 13:07

recently they betray Xiaomi, Foxcon, BYD.............at other times, they will betray western companies.

when foreign companies is a risk to Tata / Reliance etc , they will quickly dump u into the sea. they cannot cure rampant corruption.

2023-07-29 13:13

Biden, Modi hail new era for US-India ties and tout deals

-Deals on chips, minerals, tech, space and defense
-Human rights, democracy in focus
-Modi addresses press, Congress

U.S. President Joe Biden and Narendra Modi hailed a new era in their countries' relationship after the White House rolled out the red carpet for the Indian prime minister on Thursday, touting deals on defense and commerce aimed at countering China's global influence.

“Two great nations, two great friends, and two great powers. Cheers," Biden told Modi in a toast at a state dinner. Modi said in reply: “You are soft spoken, but when it comes to action, you are very strong.”

Will bring world economy to next level.

2023-07-29 17:59

Posted by IDQWE001 > 1 hour ago | Report Abuse

Biden, Modi hail new era for US-India ties and tout deals

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America cannot even help Libya, Iraq afganistan when they are in charge. what makes u think America will succeed this time?

2023-07-29 19:31

Meanwhile, during a state dinner on Thursday, PM Modi and US President Joe Biden hailed a new era in their countries’ relationship. “Two great nations, two great friends, and two great powers. Cheers,” Biden told Modi in a toast at the state dinner. “You are soft spoken, but when it comes to action, you are very strong,” PM Modi replied. On the guest list at the state dinner were several top executives from across the world, including Reliance Industries Chairman and MD Mukesh Ambani, Apple’s Tim Cook and Google CEO Sunday Pichai.

Underlining that India and the US come from different circumstances and history, Prime Minister Narendra Modi on Friday said that this visit is one of the “great positive transformation” and together they will demonstrate that “democracy is better and democracies deliver”. Modi, who addressed the joint session of the US Congress for almost an hour punctuated by applause and standing ovation for the second time, said, “When I was here in 2016, I said that our relationship is primed for a momentous future. That future is today.”

Strong alliance will bring the world economy to another level and ease the military conflicts in the indo-pacific region.

2023-07-29 21:13

it is no secret Biden want to seduce Modi and Modi imagines he is in cloud nine..................for now. reality later , when he wakes up.

2023-07-29 23:13

‘US jet engine deal will be significant’
Shashank Mattoo 4 min read 19 Jun 2023, 10:06 PM IST

NEW DELHI : The successful conclusion of a deal to co-manufacture jet engines by General Electric and India’s HAL could be a significant development for the India-US partnership, said former Indian Ambassador to the US Arun Singh, given the reluctance of previous administrations to transfer such sensitive technology to India.

India used to buy weapons from Russia, after Ukraine invasion it was proven that Russia weapons were too lousy. It is better to work with strong and soild alliance.

2023-07-29 23:31

Buddha says, not true, don't speak
not sure, don't speak
not helpful don't speak.

but then , that only applies to Chinese,
for americans, they always point fingers first.

2023-07-29 23:47

migrate to America? the only Chinese who want to migrate to America are those with lots of ill gotten wealth and afraid the law will catch up with them soon.

2023-07-30 00:36

the most important thing to a Chinese is safety and especially safety of children.

with so much school shootings in america, who wants to go there?

2023-07-30 00:39

I think even Mexicans also don't want to go there nowadays.

2023-07-30 00:40

despite all the talk Hunter Biden has business dealings with China none with India.

2023-07-30 01:35

India’s stock market is hitting record highs.

India’s stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy.

The country’s stocks are so hot that India is now home to the world’s fourth most valuable equity market, behind only the United States, China and Japan.

India’s benchmark Sensex index, which tracks 30 large companies, has soared 10% over the past three months, while the broader Nifty 50 index has jumped 11% in that time.

Both indexes hit all-time highs last Wednesday. This week they have shrugged off nervousness over instability in Russia, where armed mercenaries staged, and quickly called off, a rebellion last weekend.

The revolt fueled concerns that unrest in the world’s second biggest exporter of oil — and a major supplier to India — could upend the global energy market, heaping more pain on economies around the world.

Both Indian indexes have recently far outperformed their European peers. Since late March, the United Kingdom’s FTSE 100 (UKX) has risen just 0.8%, and France’s CAC 40 (CAC40) 2.9%. The pan-European Stoxx Europe 600 index has climbed 2.9%. The S&P 500, meanwhile, has gained 10% over the same time period, staying 8.8% below its record high reached in 2022.

Smart money speak louder.

2023-07-30 02:01

Both China and India can prosper together . Economics is not a zero sum game.

China reach super power status by being a global manufacturing hub.

India can succeed with services.

In direct competition with China, India will surely lose

2023-07-30 10:08

China is very lucky. China started with low cost manufacturing and move up the value chain slowly, learning along the way

India not so lucky and wrong timing.

Nowadays every thing can be automated, machines replace labour. That door is closed to india

2023-07-30 10:12

When every thing can be automated, India cannot find enough jobs for it's growing population

2023-07-30 10:13

anti communist did not start with Trump in 2016...It has always been there.

But so far, India can talk cannot deliver. All talk no action, just like nato.

2023-07-30 10:29