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Business Standard
5 days ago
- Business
- Business Standard
Assam alternative destination for electronics makers: Himanta Biswa Sarma
Assam the alternative destination for electronics makers Premium Aashish Aryan New Delhi Listen to This Article The announcement of the setting up of an outsourced semiconductor assembly and test (OSAT) unit at Jagiroad near Guwahati in Assam has piqued the interest of several domestic and international investors, especially in the electronics manufacturing sector, Assam Chief Minister (CM) Himanta Biswa Sarma said. The Assam CM was in Delhi to talk to investors and companies about the state's Rs 25,000 crore electronics component manufacturing scheme (ECMS). The scheme envisages offering a top-up incentive of up to 60 per cent to companies that are approved under the central government's ECMS. In an interview with Aashish Aryan, Sarma said that,
Time of India
5 days ago
- Business
- Time of India
Assam Electronics Round Table 2025: Assam CM appeals investors to come and invest in electronics sector
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Assam chief minister Himanta Biswa Sarma said that Assam is central to the Northeast Region and is strategically located surrounded by Bhutan and Bangladesh. The State is also central to India's Act East statement was made by Sarma on Monday at the inaugural session of the ' Assam Electronics Round Table 2025: Focused strategy, ready infrastructure, invest in Assam' in the national said that Assam's economy is robust and vibrant, and that the GDP is growing continuously in the region of 13-15 percent in the last 10 years, barring the Covid said Guwahati and other parts of the State have the right infrastructure in place coupled with congenial atmosphere and skilled manpower for the electronics industry to invest in the Chief Minister said the State attracted Rs.5.30 lakh crore proposals during Investors' Summit 2.0 and more proposals are coming post Summit. "There have been lot of interests since Investors' Summit 2.0 and we are getting more proposals following the Summit," he pointed out that 11 five star hotels will come up in the State with the Assam Cabinet clearing the proposals and a state-of-the-art terminal will be opened at the Lokapriya Gopinath Bordoloi International Airport in Guwahati. The Chief Minister said that three satellite townships will come up, including the Jagiroad Integrated Satellite Township near the Tata Greenfield OSAT Chief Minister said that compared to Semiconductor Fabrication Facility (Fab) in Gujarat, the OSAT in Jagiroad, Assam is way ahead as 'it is in advanced stage with production of 48 million chips daily expected this year'. "There is no problem in implementation; all issues have been resolved with the Chief Secretary making regular visits to the OSAT plant after every 15 days to oversee the progress," he said as the electronics sector will require skilled manpower, the State is sending youths to Bengaluru for necessary training and also create a pool of skilled manpower through the National Institute of Electronics and Information Technology (NIELIT) campus and Assam Skill University funded by the Asian Development Bank for Rs.1,000 Chief Minister said apart from land free of cost, 60% percent incentive amount over and above extended by the Government of India, and a 100 per cent GST reimbursements to industries on the sale of their finished products, those willing to set up industries will get a slew of incentives under the Central, Assam Electronics Policies, Assam State Industrial Policy, and UNNATI Policy of Government of India. He assured that the State Government will customise its policy and modify and also tweak it, if required, to suit the needs of a specific industry."Besides industrial infrastructure, social infrastructure would also come up near the Tata's OSAT facility," Sarma said. The Chief Minister said Rs, 25,000 crore have been kept aside for Production Linked Incentives (PLIs) and under Top-up the investors to come to Assam and visit the OSAT facility in Jagiroad, the Chief Minister said that the Government would offer a host of incentives to them to set up electronic units in the Minister for Industries, Commerce and Public Enterprises, Bimal Borah said Assam is equipped with the policies to receive investors with open arms and appealed to them to come and invest in the electronics and other sectors to reap the Secretary, Ravi Kota gave an overview of the Assam Electronics Components Manufacturing Policy and Top up Scheme 2025. He said the Government has offered 200 percent plus incentives to investors under various schemes and policies; 100 percent land free of cost and skilled said Rs.1.5 lakh crore out of the Rs.5.30 lakh crore worth investment proposals submitted during the Investors' Summit 2.0 has been grounded while the rest are being and Secretary, Department of Housing and Urban Affairs, Govt of Assam, Kavitha Padmanabhan gave a detailed presentation on the upcoming Jagiroad Integrated Satellite Township near the Tata OSAT facility spread over a sprawling 416 acres. Padmanabhan said the township with all amenities, including entertainment zone, sports facility and golf course, will house 1,80,000 to 2,00,000 population with expansion plan estimated to cost Rs.4,000 Secretary, Ministry of Electronics and Information Technology (MeitY), Sushil Pal gave an overview of electronics component manufacturing scheme while Vice President, Invest India, Vinod Subramanian conducted the open house discussion with industry leaders and Lingam from Tata Electronics gave a presentation on upcoming Tata Semiconductor Assembly and Test Facility in like Jabil, Deki Electronics Ltd., CP Plus, Kaynes Group, NXP, VVDN, Bergen Associates Boats, Ramakrishna Electronic Components, SAEL, Elcina and others participated in the on Monday reviewed the progress of Barduar satellite township in the national a meeting with senior officials of Guwahati Metropolitan Development Authority (GMDA) and Department of Housing and Urban Affairs (DoHUA) at Assam House conference directed the officials to step up the construction work for the upcoming satellite township at Palasbari in Kamrup township spread over 1500 acre will have economic zones for deep tech research, startups and innovation, commercial, residential and social functions, integrated greenway and blueway infrastructure, riverfront rejuvenation and safe and convenient public transport network. Altogether this township will have 150 acre of economic zones and 20 percent of open space and green Chief Minister also reviewed the Jagiroad Integrated Satellite Township to come up near Tata's semiconductor plant at Jagiroad in Morigaon township to be funded by the Asian Development Bank for Rs.1,000 crore will have all facilities, including housing for employees, hospitals, schools, women hostels, MICE, golf course, vendor logistic park, integrated greenway and blueway infrastructure, public transport network and ease of doing business with plug and play infrastructure. The satellite township will have 40 percent for industrial space and 20 percent of open space and green will spread over an area of 461 acre under Phase O with further expansion of 2000 acre costing Rs.4,000 the status of progress of the new Central Business District in Guwahati City also came up for review. "The project spread over 150 acre intends to develop inclusive, climate resilient, and sustainable urban infrastructure," an official of GMDA said, adding, "Once the satellite townships are constructed, it will ease the burden from Guwahati City under severe strain due to burgeoning population."The Central Business District encompasses a mix of commercial, social, office, cultural and residential functions, high end residential development, vibrant public and recreational space, public transport network, integrated greenway and blueway infrastructure, ease of doing business with plug and play facility. More than 10 million square feet will be earmarked for commercial space with 60 percent area kept for open space and green overall estimated project cost of these three projects is USD 1 billion.
Time of India
5 days ago
- Business
- Time of India
Assam CM Himanta Biswa Sarma showcases state's electronics potential at national investors' meet in Delhi
NEW DELHI: Assam chief minister on Monday projected Assam as India's next big growth hub at the inaugural session of the Assam Electronics Round Table 2025 in New Delhi on Monday. He invited global and national electronics investors to capitalise on the State's robust infrastructure, strategic location, and favourable policies. Tired of too many ads? go ad free now The CM said that compared to Semiconductor Fabrication Facility (Fab) in Gujarat, the OSAT in Jagiroad, Assam is way ahead as 'it is in advanced stage with production of 48 million chips daily expected this year'. Sarma also met union civil aviation minister, Kinjarapu Rammohan Naidu and discussed expanding air connectivity and infrastructure in the Northeast Region. The union minister assured Sarma that work for Silchar's greenfield airport will begin this year and the crucial Rupsi airport will also be expanded. "Assam is central to the Northeast Region and to India's Act East Policy, given its proximity to Bhutan and Bangladesh,' Sarma said, underlining the State's growing economic clout and highlighting its consistent 13–15% GSDP growth over the past decade, excluding the pandemic years. The CM said that compared to Semiconductor Fabrication Facility (Fab) in Gujarat, the OSAT in Jagiroad, Assam is way ahead as 'it is in advanced stage with production of 48 million chips daily expected this year'. 'Unlike the Fab in Gujarat, our OSAT is already in advanced stages,' Sarma stated, adding that the Chief Secretary visits the site every 15 days to monitor progress. The State has already attracted Rs 5.30 lakh crore worth of investment proposals during Investors' Summit 2.0, with Rs 1.5 lakh crore grounded so far. Sarma announced upcoming projects including three satellite townships and 11 five-star hotels, along with a new terminal at Guwahati airport. Tired of too many ads? go ad free now To support the electronics ecosystem, the State is training youth in Bengaluru and through institutions like NIELIT and Assam Skill University, funded by ADB with Rs 1,000 crore. Generous incentives were also announced — 100% land allotment free of cost, GST reimbursements, and up to 200% incentive support under the Assam Electronics Policy, Industrial Policy, and Centre's UNNATI scheme. Calling Assam a gateway to the ASEAN market, Sarma said, 'We are embarking on a strategic journey to become a preferred destination for cutting-edge electronics and semiconductor manufacturing.' The event saw participation from key industry players including Tata Electronics, Jabil, VVDN, CP Plus, and NXP.
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
Inari Amertron faces near-term headwinds
INARI Amertron Bhd is facing near-term headwinds as the semiconductor support player is seen punching below market expectations. For the third quarter ended March 31, 2025 (3Q25), its net profit plunged 24.8% quarter-on-quarter (QoQ) to RM55.5 million on a revenue of RM308.3 million, down 11.3% compared to the same period. 'Long-term prospects remain intact with efforts to tap into advanced packaging markets, but near-term headwinds and volatile geopolitical trade dynamics justify a more conservative stance,' BIMB Securities Sdn Bhd said in a note released last week. It has a 'Hold' call on the company's counter with a 52-week target price (TP) of RM2.23. Inari Amertron has 12 'Buy', eight 'Hold' and two 'Sell' calls among the analysts tracked by Bloomberg, with a consensus TP of RM2.24. OSAT Provider The semiconductor company operates in the outsourced semiconductor assembly and test (OSAT) and electronics manufacturing (EM) segments. It is the largest semiconductor player in Malaysia and a key OSAT provider for Broadcom's rapidly thriving wireless division. In an exchange filing on May 20, Inari Amertron reported its net profit for the first nine months ended March 31, 2025 (9M25), fell 30.9% to RM169.6 million, on revenue of RM1.04 billion, which was down 11.3%. It said the decline in revenue was mainly due to comparatively lower product volume loading across all business segments and changes in the product mix. The lower profit was attributed to reduced volume loading, unfavourable foreign exchange (forex) movements and a start-up loss of RM15.7 million at its China subsidiary during the period. Excluding the losses from the China subsidiary, the profit decline would have been 27%. Commenting on the results, BIMB Securities said it has maintained its cautious stance, as volume recovery has yet to materialise amid continued softness in the smartphone and industrial segments, which still account for a significant portion of Inari Amertron's portfolio. While data communications are showing early signs of growth, the company's limited exposure to artificial intelligence (AI) and advanced packaging technologies restricts its ability to capitalise on selective tailwinds in the sector. Although Inari Amertron continues to scale its China operations and explore strategic partnerships, contributions from these initiatives remain negligible in the near term, it said. Kenanga Research Lowers Inari Amertron Outlook The counter was downgraded to 'Market Perform' from 'Outperform' by Kenanga Investment Bank Bhd (Kenanga Research), with a lower TP to RM2, down from RM2.39. The research house said Inari Amertron's 9M25 results came in below expectations, primarily due to weaker demand in its radio frequency (RF) and opto-electronics segments. 'Post-US Liberation Day, it is becoming evident to us that margin pressures are likely to persist amid ongoing forex volatility and uncertainties stemming from US-China tariff war. Incorporating a more cautious outlook, we trim FY25F/FY26F earnings forecasts by 8%/16%,' it said. On the company's outlook, Kenanga Research said Inari Amertron anticipates selective growth in the semiconductor industry, driven by the accelerating adoption of generative AI across various sectors. The group also expects robust performance from the data communications sector — which contributed approximately 14% of 9M25 revenue — while demand for smartphones (which made up 68% of sales) and other semiconductor products is likely to remain subdued. 'Margin pressures are expected to persist, stemming from forex volatility and ongoing US-China tariff negotiations, which continue to disrupt supply chains and inflate cost structures,' added the report. Meanwhile, Apex Securities Sdn Bhd has maintained its 'Buy' call on Inari Amertron but lowered its TP to RM2.94 from RM3.53 following an earnings revision. 'We expect RF volume to see some upticks in the 4Q25, supported by front-loading and rush buying of end-product smartphones during the 90-day trade truce window. However, the longer-term outlook remains clouded, with limited visibility for RF and automotive-related demand due to ongoing tariff uncertainties,' it said. Maybank Investment Bank Bhd (Maybank IB) has retained its 'Hold' call and TP of RM2, noting it was encouraged by Inari Amertron's management team's ability to manage cost efficiently and maintain operating margins despite a high fixed-cost base. CIMB Securities Sdn Bhd also retained its 'Buy' call with a TP of RM2. 'We believe the US tariff exemption for smartphones will help mitigate pricing pressures, thereby supporting stable RF volume loadings for Inari Amertron. 'At the same time, we remain cautiously optimistic that new programme ramp-ups will begin contributing meaningfully to revenue in FY26F.' The research house said potential catalysts for the stock include higher contribution from new programmes, a stronger-than-expected recovery smartphone demand, new customer acquisitions driven by trade diversion from North Asia, earnings-accretive acquisitions, favourable incentives from the Malaysian government through the implementation of the National Semiconductor Strategy and higher dividend payouts. Public Investment Bank Bhd (PublicInvest) has maintained its 'Outperform' call but lowered Inari Amertron's TP to RM2.30, down from RM2.46. Despite flattish growth in the smartphone segment and weaker momentum in the industrial segment, the report said Inari Amertron is expected to deliver strong growth in data communications segment. Inari Amertron closed at RM1.87 on May 21, valuing the company at RM7.09 billion. Its 52-week high/low was RM4.02/RM1.42 respectively. — TMR This article first appeared in The Malaysian Reserve weekly print edition
CNA
19-05-2025
- Business
- CNA
Thales, Radiall, FoxConn explore semiconductor assembly plant in France
French defence group Thales, connector maker Radiall and Taiwan's FoxConn have begun preliminary talks to establish a semiconductor assembly and test facility in France, they said on Monday. The proposed plant would focus on outsourced semiconductor assembly and test (OSAT) operations, with production capacity expected to exceed 100 million system-in-package (SiP) units annually by 2031. "This initiative is expected to aggregate additional European industrial actors," Thales said in a statement, adding the total investment would exceed 250 million euros ($272 million). The companies did not disclose potential locations within France or a timeline for final investment decisions. The project would represent a significant boost to Europe's semiconductor manufacturing capabilities as the region seeks greater technological sovereignty.
