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100,000 semiconductor manufacturing workers could be skilled at the fab in 10 years at an expenditure of around $560 million, according to an industry body’s proposal

The new scheme will likely be announced after the formation of a new government at the Centre

The maker of lasers and semiconductor materials will help a foundation that promotes entrepreneurship at Historically Black Colleges and Universities (HBCUs) and give to a scholarship program for Black scientists.

Notably, Sharp is planning to set up a 1,000-acres facility in India which will be even bigger than its factory back home in Japan. Sharp want to use the Indian factory to cater to both domestic demand but exports.

In a major boost to Indias semiconductor ambitions, Japanese electronics giant Sharp is reportedly eyeing a USS 3-5 billion investment to set up a display fabrication unit in the country.

The White House is reportedly urging allies to further restrict chip trades with China following the surge in Huawei's sales.

Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The

Chinese chipmakers have big incentives to develop alternatives to ASML machines they cannot buy under U.S.-led restrictions. These have become a headache for ASML since 2018, as Washington seeks to limit Beijings ability to make its own advanced chips.

A news release from the federal government says the funding from both levels of government will help create 280 jobs in the region.

China’s status as a ‘near-peer competitor’ is driving efforts to limit access to key technologies such as semiconductors and counter its global influence.