JUNE, 20269India's semiconductor ambitions are gaining momentum as global technology leaders deepen investments to build a resilient domestic ecosystem. In a significant development, Intel, the Odisha government, and US-based 3D Glass Solutions (3DGS) have signed a $3.3-billion memorandum of understanding to expand substrate manufacturing technology in India.The proposed facility, to be located in the Bhubaneswar-Khurda region, will be developed in phases over the next five to six years and is expected to generate over 1,800 high-skilled jobs. The investment marks one of the largest commitments in India's high-tech manufacturing sector and reinforces the country's positioning in the global semiconductor value chain.The project will focus on advanced packaging technologies, including glass core substrates and high-density interconnect (HDI) substrates, which are critical for next-generation computing systems. These substrates play a key role in enabling higher processing power, supporting complex multi-chip architectures such as AI processors, and improving efficiency by reducing electrical path lengths. NITI Aayog has outlined a roadmap for building a globally competitive semiconductor ecosystem, recommending significant public investment, policy stability, and institutional reforms to strengthen India's position in the sector.In its recently released report, Future of India's Semiconductor Industry, NITI Aayog said India should aim to build a semiconductor value chain worth $120 billion to $150 billion by 2035. The report estimates that achieving this goal will require cumulative investments of approximately $135 billion to $180 billion over the next decade across semiconductor design, fabrication, Indian Oil Corporation (IOC) secures 5 million barrels of crude oil from West Africa and the Middle East through a recent tender amid supply tightness concerns, according to trade sources.The development comes at a time when supply-side uncertainties and firm pricing trends are prompting refiners to proactively lock in cargoes. With crude availability tightening in certain regions and premiums holding steady, refiners like IOC are accelerating procurement to ensure operational continuity.IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery. In addition, the company secured Nigeria's Usan crude from ExxonMobil and Abu Dhabi's Murban crude from Mercuria for delivery to Vadinar. It also bought Murban crude from Totsa, the trading arm of TotalEnergies, for delivery to Chennai. Loom Solar introduces its Fusion Hybrid Inverter paired with a CAML LiFePO4 battery to optimize power usage under Bihar's Time-of-Day tariff structure. The solution enables users to store low-cost or solar energy and use it during high-cost evening hours, reducing grid dependence and monthly expenses.Under this ToD framework, power consumed between 9 AM and 5 PM is billed at 20% below the standard rate, while electricity drawn between 5 PM and 11 PM is billed at a 10% premium. The off-peak window from 11 PM to 9 AM is priced at Rs 7.42 per unit, making it the most cost-effective period for battery charging from the grid.Working in tandem, Loom's two products charge the battery using rooftop solar panels during the day and automatically supply stored power to the home during peak-price evening hours, substantially reducing what households draw from the grid precisely when it costs the most. Manufacturing compliance rests on two main regulatory pillars: federal safety standards and state-governed financial protections. OSHA sets the nationwide rules for workplace safety, while individual state laws dictate how businesses compensate injured employees. INTEL & 3DGS SIGN MOU TO EXPAND ADVANCED CHIP PACKAGING IN INDIAINDIA EYES $150 BILLION SEMICONDUCTOR VALUE CHAIN BY 2035INDIAN OIL SECURES 5M BARRELS CRUDE AMID SUPPLY TIGHTNESS CONCERNSHYBRID INVERTER SYSTEM HELPS BIHAR CUT EVENING POWER BILLSadvanced packaging, materials, and supporting infrastructure.According to the report, the Government of India should commit at least one-third of the required investment to reduce project risks and support long-term investor confidence. It noted that such support could help attract large-scale private capital into the sector.
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