Semiconductors Current Affairs, GK & News

India – Korea Trade Talks

On January 11, 2022, India and Korea held a bilateral trade talk. The talks focused on non – tariff barriers, market access issues, trade deficit faced by the Indian exporters. The countries also discussed investment related issues. Background The India – Korea bilateral trade was 20 billion USD in 2018. However, it started decreasing after ..

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India Semiconductor Mission – Key Facts

Information Technology Minister, Ashwini Vaishnaw, launched India Semiconductor Mission on December 29, 2021. Highlights Under the scheme, interested companies which seeks to tap the Rs 76,000-crore incentives earmarked by Central government for developing semiconductors and displaying manufacturing ecosystem in India will be able to start applying for it from January 1, 2022. A portal for ..

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Cabinet approved ₹76,000 crore scheme to boost semiconductor manufacturing

On December 15, 2021, Union Cabinet approved a Rs 76,000-crore scheme for boosting semiconductor and display manufacturing in India. Highlights This scheme was approved in order to position India as a global hub for hi-tech production, as well as to attract large chip makers. It would also strengthen India’s ambitions to be self-reliant in electronics ..

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European Union’s 2030 Digital Compass plan

The European Union has released its plan called “2030 Digital Compass Plan”. This plan was put forward after the Covid-19 pandemic exposed the 27-countries reliance on the key technologies owned by the Chinese and the U.S. companies. The plan will be presented to the Parliament for the final approval. Highlights The plan was released because, ..

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GoI launches three new schemes to boost Electronics sector

On June 2, 2020, the Union Minister Ravi Shankar Prasad launched three new schemes to bbost electronics sector. They are Production linked incentive scheme, cluster scheme (EMC 2.0) and component manufacturing scheme (SPECS). The schemes were approved by the Union Cabinet in March 2020. About the schemes The schemes are expected to attract investments. They ..

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