IESA WINWire Nov 30 - Dec 06 2013
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US firms need to invest in India's manufacturing sector: Sibal
Source:; December 2, 2013

American companies show more interest in selling aircraft and defence equipment to India than in investing in its manufacturing sector which needs to be developed to reduce the country's import dependence in areas such as electronic goods, Telecom Minister Kapil Sibal said today.

He also expressed concern over the US visa norms that impact Indian professionals, especially in the IT sector. "They (US based investors) are interested in selling their Boeings, they are interested in selling aircrafts, defence equipments but that is not the way to converge in this partnership. I am sorry I am bring very frank but its the time to be frank," Sibal said at a summit organised by the Indo-American Chamber of Commerce.

He added: "Today, because of high wages cost in China, manufacturing facilities are shifting to India. Japanese are very keen to invest in India, I don't know why the Americans don't come forward."

ST India Hosts IEEE workshop on advanced analog design
Source: EE Times India; December 2, 2013

STMicroelectronics India, in partnership with IEEE Solid State Circuits Society (IEEE-SSCS), Delhi Chapter, is hosting a workshop on advanced analogue design at Greater Noida, India, on December 2, 2013. The workshop is led by eminent professor and industry veteran Michael H. Perrott from Silicon Laboratories.

Global electronics market 2018 forecasts for six sectors
Source: CIOL; December 2, 2013

The consumer electronics market is forecast to witness a value of $1.6 trillion by 2018 primarily supported by application sectors: analog & digital TV, tablet, digital cameras & camcorder, personal computers and video/audio equipment.

Geographical analysis shows the highest CAGR of 17.6 percent is foreseen from Asia-Pacific region during the analysis period 2011-2018. The Middle East is not way behind with a CAGR of 17 percent, followed by Africa at 16.9 percent. Japan forecasts to drive with a growth rate of 13.9 percent.

Infineon expands lead in power semiconductor segment
Source: CIOL; December 2, 2013

Infineon Technologies AG remained the world's leading supplier of power semiconductors - for the tenth time in a row. This was the result of a study by the North American market research institute IHS Inc.

In an overall declining market Infineon held a market share of 11.8 percent compared with 12 percent in the previous year, the survey concludes. The company's number two competitor Toshiba had a market share of 7.1 percent, followed by Mitsubishi with 6.9 percent. It is notable that Infineon's lead over its second-place competitor increased from 3.8 to 4.7 percentage points in a year-on-year comparison. During the 2012 study period, the market volume for power semiconductors dropped by nearly 16 percent to US Dollar 15 billion.

Companies, academics say budget cuts threaten U.S. competitiveness
Source: Reuters India; December 3, 2013

Mandatory U.S. budget cuts known as sequestration are resulting in job losses across the country and threaten to undermine U.S. competitiveness in the global economy, industry executives and academics said on Monday, urging Congress to reverse the cuts.

Wes Bush, chief executive of Northrop Grumman Corp, one of the biggest U.S. weapons makers, said his company had already reduced its workforce by 19 percent in recent years, and more cuts were likely unless U.S. lawmakers ended the across-the-board cuts required under sequestration.

Apple buys startup Topsy; gets rich Twitter data
Source: Reuters; December 3, 2013

Apple Inc has acquired social media search and analytics startup Topsy, an unusual purchase for a hardware-focused company that has made few forays into social networking.

Apple confirmed the acquisition but would not say why it bought the company, which specializes in analyzing Twitter data and providing insights into current sentiment on a variety of topics.

The Wall Street Journal, which reported the news earlier, cited people familiar with the deal as saying Apple paid over $200 million.

India needs innovative e-payment systems for financial inclusion
Source: CXO; December 3, 2013

Disruptive game changing innovations in the payment systems will be critical to accelerate financial inclusion agenda of India, states a latest report on financial inclusion by EY titled, ‘Accelerating financial inclusion- The role of payment systems.’ The report, which provides an outlook on India’s financial inclusion agenda, suggests that with current trends like growing urbanization, rising middle class and aspirations, this is the right time to tap the large unbanked population of India.

Richard Beyer elected to board of directors of Analog Devices
Source: Electronics Engineering Herald; December 3, 2013

Richard Beyer, x-Chairman and x-CEO of Freescale Semiconductor is elected as a Director of Analog Devices.

“We are honored to have Rich bring his decades of experience in the semiconductor industry as well as his extensive executive leadership experience to ADI’s board of directors,” said Ray Stata, ADI Chairman of the Board.

Prior to Freescale Mr. Beyer held the position of CEO at Intersil Corporation from 2002 to 2008 and at Elantec Semiconductor, Inc. from 2000 to 2002. Mr. Beyer also served in senior management roles at VLSI Technology, National Semiconductor, and Rockwell International.

Big names line up for recruitment at IIT
Source: The Times Of India; December 4, 2013

The recruitment by industry majors continued steadily at the IIT Madras campus on Tuesday, the third day of the placement season. Companies like Flipkart, Oracle, Tata Motors, Amazon, Cisco, Deloitte, Strand Life Sciences, Freescale Semiconductor and Infosys were among those offering multiple profiles. Eighteen job profiles were on offer on the day, said Lt Col (retd) Jayakumar, deputy registrar (students and placement) at IIT Madras.

While 23 companies made 93 offers on Sunday, day two, Monday, wasn't short on action either. Sources who did not wish to be named said 104 offers were made on Monday when 22 firms came.

Semiconductor sales recovers in 2013
Source: CIOL; December 4, 2013

Following a 2.5 percent decline in 2012, the global semiconductor market has regained its footing in 2013 with revenue set to expand by nearly 5 percent because of the strong performance of the memory sector.

Global semiconductor sales in 2013 will amount to $317.9 billion, up 4.9 percent from $302.9 billion in 2012, according to preliminary estimates from the Semiconductor Value Chain Service at IHS.

Global semiconductor revenues up 5.2% in 2013: Gartner
Source: Business Standard; December 4, 2013

Global semiconductor revenues have risen by 5.2% to $315.4 billion this year because of increased demand for dynamic memory (DRAM) chips, research firm Gartner said today.

Worldwide semiconductor revenues stood at $299.9 billion last year.

"After a weak start to 2013 due to excess inventory, revenue growth strengthened in the second and third quarters before levelling off in the fourth quarter," Gartner said in a statement.

Sony may buy Renesas chip plant: Sources
Source: The Times Of India; December 4, 2013

Sony may buy a Japanese factory from chipmaker Renesas Electronics to boost production of its imaging sensors as demand rises from smartphone makers, sources told Reuters.

Negotiations are ongoing and no agreement has been reached, the sources said. Both companies declined to comment on the matter.

Imaging sensors have been a rare success for Sony, which has come to dominate the CMOS sector, claiming a third of the market in 2012 according to research firm Techno Systems Research. Sony's CEO, Kazuo Hirai, has identified the sensors as one of the pillars of his company's revival.

Global electronics market forecast: $1.74 trillion in 2017 at a CAGR of 5%
Source: Electronics Engineering Herald; December 5, 2013

The leading electronics and semiconductor market research analysis company IC Insights forecasts the total global electronic systems sales to reach US$ 1.74 trillion in year 2017, a compound annual growth rate of 5% from US$1.36 trillion in 2012. IC Insights estimates the total electronic systems market by sales revenue of US$1.4 1 Trillion in year 2013.

IC Insights has come out with a report called "IC Market Drivers report" on the market analysis of several existing and emerging end-use applications that will drive the IC market through the year 2017.

Walden's $100-mn PE fund for electronic start-ups awaits PlanCom clearance
Source: Business Standard; December 5, 2013

Department of Electronics and Information Technology (DEITY)'s ambitious proposal to pick up a stake in a $100-million private equity (PE) fund has been put on the backburner due to some objections by the Planning Commission.

The plan panel, which has recently become wary of all government investments, wants more than one player to be evaluated before the final approval. Floated by global PE firm Walden International, the fund planned to invest in electronics chip design start-ups. The IT ministry proposed to have 15 per cent stake in the fund.

Compiled by IESA Research

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