ISA WINWire July 9– July 16 2010

 

Wall Street Beat: Chip sector helps buoy tech

Source: Marc Ferranti, Business Week, July 8 2010    www.businessweek.com

Technology stocks, battered by doubts about the global economy, appear to be recovering a bit this week as chip and electronics makers issued positive sales reports and a glimmer of good news about U.S. jobs appeared Thursday. Economic worries have dragged down tech shares along with stock prices in other sectors since April 23, when the Nasdaq, which lists many IT companies, hit a 52-week high. Slow jobs growth in the U.S. coupled with worries that Mediterranean countries including Greece and Spain might default on debt have been the main causes of concern for investors over the past few months.

 
 

CERC makes it mandatory to buy renewable energy

Source: Steel Guru, July 8 2010    www.steelguru.com

It is reported that the central power regulator has made it mandatory for all power utilities to purchase 6% green power even though the country doesn’t have enough electricity generated through renewable energy sources. What’s adding to the woes of the utilities is a hefty penalty that follows if they fail to procure green power.

 
 

Semicon mood: What analysts are saying

Source: IBEF, July 12 2010    www.eetimes.com

Semicon West is almost here! And unlike last year's event--which was depressing due to the IC downturn--the fab tool market is hot. IC-equipment sales are now expected to grow 96 percent in 2010, according to VLSI Research Inc. Business in the first half was strong. Vendors are bullish--but cautious--for the second half.

 
 

India second on the Global Manufacturing Competitiveness Index: Deloitte

Source: Dylan McGrath, EETimes, June 11 2010    www.ibef.org/

India ranks second, in terms of manufacturing competence as per the 2010 Global Manufacturing Competitiveness Index; a result of the collaboration between Deloitte Touche Tohmatsu and the US Council on Competitiveness. "In less than a decade, a new world order for manufacturing competitiveness has emerged along with a tectonic shift in regional manufacturing competence," the report said. Furthermore, the detailed report highlighted that the rise in the manufacturing competitiveness of three countries in particular—China (10), India (8.15) and the Republic of Korea (6.79)—appears to be parallel to the rapidly expanding and important Asian market.

 
 

Indian ecosystem needs more OEMs

Source: Jesus Milton Rousseau S., EFY News, July 12 2010    www.efytimes.com

Indian and MNC companies have equal opportunities in the $45 billion electronics industry in India today, a sector that is projected to grow to $125 billion by 2014. “There are only a few regions growing in the world and we are fortunate that India is one of them,” says Rahul Arya, marketing director, Cadence Design Systems (I) Pvt Ltd. The Indian ecosystem consists of design and development, IP, EDA, packaging, academic research, applications, T&M and foundries. These are all interdependent and are significant contributors to the system. This point was emphasised at the panel discussion on 'The electronics ecosystem: Plans and strategies for innovation and growth' at the ISA Leadership Forum organised by the India Semiconductor Association (ISA) in Bengaluru.

 
 

Intel Capital eyes deals in healthcare space

Source: VC Circle, July 13 2010    www.vccircle.com

Intel Capital, the corporate venture capital arm of chipmaker Intel Corporation, is expanding its investment horizon in India with exploring a number of possible investments in Indian healthcare companies and infrastructure companies. The venture capital firm has also initiated talks with a few Bangalore-based firms in the healthcare-IT space. Intel Capital, which has invested more than $7.5 billion in approximately 1,000 companies, has majority of investments in typical IT and IT related companies in India.

 
 

IITs, IISc develop web-based curriculum to boost technical education

Source: TechAtEdu.com, July 13 2010    techatedu.com

Seven Indian Institutes of Technology (IITs) and Indian Institute of Science (IISc), Bangalore, are mutually developing a video and web-based curriculum which can be accessed online by all across the country. The project is known as National Programme on Technology Enhanced Learning (NPTEL), which is being funded by the Union Ministry of Human Resource Development.

 
 

TI buys two fabs from Spansion Japan

Source: Mark LaPedus, EETimes, July 14 2010    www.eetimes.com

Amid the wild upturn, Texas Instruments Inc. is expanding its analog fab capacity--again. After accelerating its 300-mm analog fab ramp in Texas, TI has now purchased two wafer fabs—including separate 200- and 300-mm plants-- from Spansion Japan Ltd. in Aizu-Wakamatsu, Japan. Some 450 employees from Spansion Japan will join TI. At the same time, TI will sell some 300-mm gear to United Microelectronics Corp. (UMC).

 
 

Global VCs upbeat on Indian economy: Deloitte

Source: The Economic Times, July 15 2010    www.ibef.org

The billion dollar Indian venture capital industry is likely to significantly expand in India, in contrast to US, where it is likely to contract, says a 2010 Global Venture Capital Survey by consulting firm Deloitte Touche Tohmatsu, released on Wednesday. Venture capital investments in cleantech, healthcare, biopharmaceuticals, medical consumer businesses will significantly increase in India, according to the survey. The global survey was conducted in association with venture capital associations in US, Canada, UK, France, Germany, China, India, Brazil and Israel.

 
 

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