Articles for tag: Disrupted, Government, Intervention, Nadu, Operations, Plant, Prompting, Rights, Rising, Samsungs, Strike, Tamil, Tensions, Union, Wages, Workers

September 25, 2024

Workers at Samsung’s Tamil Nadu plant strike for wages and union rights, prompting government intervention amid rising tensions and disrupted operations.

India’s Labour Minister has urged Tamil Nadu officials to quickly resolve a significant strike by over 1,000 Samsung Electronics workers near Chennai. This strike, ongoing since September 9, is one of the largest labor protests in India in recent years, with employees demanding better wages and union recognition. The Tamil Nadu plant is crucial for ...

September 6, 2024

Market News

Business

Maharashtra approves a billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra approves a $10 billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...

September 2, 2024

Market News

Business

Kaynes SemiCon’s Bold Move: New Semiconductor Plant Approved in Gujarat

The Indian government has approved the establishment of a new semiconductor assembly and test (OSAT) plant by Kaynes SemiCon, marking the fifth such facility in the country. Led by CEO Raghu Panicker, this project will be located in Sanand, Gujarat, with a substantial investment of Rs 3,307 crore. In an interview, Panicker shared that the ...

September 2, 2024

Market News

Business

India’s Semiconductor Revolution: Kaynes Technology’s Mega Plant Sparks Innovation in Gujarat

The Union Cabinet has approved Kaynes Technology’s new semiconductor facility in Sanand, Gujarat, marking India’s fifth under the Semiconductor Mission. With an investment of Rs 3,307 crore, this plant will produce 6.3 million chips daily and cover 46 acres. Union Minister Ashwini Vaishnaw highlighted that most chips will be used in power equipment for trains, ...