Technology
Taiwan may join Foxconn in India to fuel chip skills – Crypto News
Foxconn and the Taiwanese government are exploring a partnership that would allow the world’s largest contract manufacturer of electronics to rapidly upgrade the skills of Indians to meet the needs of the semiconductor industry.
The plan is to use Taiwan Education Centers (TEC) across India to train local technology professionals with Foxconn’s proprietary technical material and Mandarin language provided by the TECs, according to people with knowledge of the matter. This mix of technical and linguistic skills would help bridge divides between Indian and Taiwanese companies and talent.
A concerted effort by the Taiwanese government and private sector to train Indian technical talent for the semiconductor industry could allow India to become a significant player in the world’s evolving chip wars.
Both parties also hope to discuss the matter with the Indian government, although official consultations have not begun, the people cited above said, requesting anonymity.
Taiwanese electronics giant Foxconn, the largest supplier of iPhones and iPads for Apple, is betting big on the semiconductor market in India, having announced a 1.54 trillion investment plan with mining company Vedanta through a 40:60 joint venture for building a display fabrication unit, an integrated semiconductor fabrication unit and an outsourced semiconductor assembly and test (OSAT) facility, in Gujarat.
The venture also plans to make use of the 76,000 crore financial incentive scheme set up by the government to encourage semiconductor manufacturing. mint It was reported on 12 January that the proposal by Vedanta-Foxconn joint venture in Gujarat was likely to be the first one to get the government’s stamp of approval.
Against the backdrop of major investments planned for the Indian market, the plan for a skilling venture between the Taiwanese government and Foxconn assumes significance, given the talent crunch that plagues the semiconductor industry worldwide. For instance, the US needs 70,000 skilled professionals for manufacturing critical high-tech semiconductors, according to Accenture. In China, too, which intends to give sops of $143 billion for ensuring self-reliance in semiconductors, 350,000 to 400,000 skilled professionals are needed.
Given the rapid growth of the semiconductor industry globally and the growing lack of skilled talent, such a plan would allow India to nurture a globally competitive pool of talent while also offering Foxconn a ready base of talent to dip into for fulfilling its own requirements.
Taiwan’s government has sponsored the development of TECs to offer Indians Mandarin language training. These institutes are managed by the Taiwan Economic and Cultural Center (TECC), which functions as the island nation’s embassy in New Delhi. There are currently 18 TECs in the country, funded by Taiwan’s education ministry.
Queries sent to the Taiwan Education Center at the National Tsing Hua University and Foxconn remained unanswered till press time.
India is also recalibrating its education policies to incorporate training and certification courses for creating a workforce that will be usable by the semiconductor industry. Minister of state for electronics and information technology Rajeev Chandrasekhar, who is also the minister of state for skill development and entrepreneurship, said in an interview last month that the government had created a comprehensive framework of courses, degrees, doctorates, post-doctorate, certification programmes, in partnership with the industry, which was being implemented by the All India Council for Technical Education (AICTE) and the other departments. The framework or blueprint had been created by a committee headed by AMD country head Jaya Jagadish, would ensure that the workforce would be employable by the industry.
“We have something called Future Labs, which is where we do incubation and rebuilding of new technologies for the future; future skills in terms of skills that our digital economy requires today and tomorrow, and then future design, which is basically to do with what will be the innovation and design across the technology space; so that by the academic year 2023-24, the higher education system will start delivering on the talent required for semiconductors. They will get on-the-job training and skilling, for instance, by spending three weeks in a fab in Singapore,” he had said.
Catch all the technology news and Updates on Live Mint. Download Mint News App to get Daily market update Live business news,
- 
																	
										
																			Blockchain1 week agoAfrica Countries Pass Crypto Laws to Attract Industry – Crypto News
 - 
																others1 week ago
JPY soft and underperforming G10 in quiet trade – Scotiabank – Crypto News
 - 
																	
										
																			Blockchain1 week agoXRP Price Gains Traction — Buyers Pile In Ahead Of Key Technical Breakout – Crypto News
 - 
																	
										
																			Blockchain1 week agoISM Data Hints Bitcoin Cycle Could Last Longer Than Usual – Crypto News
 - 
																	
										
																			Technology1 week agoNothing OS 4.0 Beta introduces pre-installed apps to Phone (3a) series: Co-founder Akis Evangelidis explains the update – Crypto News
 - 
																	
										
																			Technology6 days agoSam Altman says OpenAI is developing a ‘legitimate AI researcher’ by 2028 that can discover new science on its own – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoTrump plans to pick Michael Selig to lead CFTC: Report – Crypto News
 - 
																	
										
																			Blockchain1 week agoEthereum Rebounds From Bull Market Support: Can It Conquer The ‘Golden Pocket’ Next? – Crypto News
 - 
																	
										
																			De-fi1 week agoNearly Half of US Retail Crypto Holders Haven’t Earned Yield: MoreMarkets – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoWestern Union eyes stablecoin rails in pursuit of a ‘super app’ vision – Crypto News
 - 
																	
										
																			Technology1 week agoUniswap Foundation (UNI) awards Brevis $9M grant to accelerate V4 adoption – Crypto News
 - 
																	
										
																			Blockchain1 week agoBinance Stablecoin Outflow On A Steady Rise — What This Means For The Market – Crypto News
 - 
																others1 week ago
Indian Court Declares XRP as Property in WazirX Hack Case – Crypto News
 - 
																	
										
																			Technology1 week agoFrom Studio smoke to golden hour: How to create stunning AI portraits with Google Gemini – 16 viral prompts – Crypto News
 - 
																Business1 week ago
PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead? – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoHYPE Breaks Out After Robinhood Listing and S-1 Filing: What’s Next? – Crypto News
 - 
																	
										
																			De-fi1 week agoHYPE Jumps 10% as Robinhood Announces Spot Listing – Crypto News
 - 
																others1 week ago
Platinum price recovers from setback – Commerzbank – Crypto News
 - 
																Business1 week ago
White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC – Crypto News
 - 
																others1 week ago
Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates – Crypto News
 - 
																	
										
																			Technology1 week agoMint Explainer | India’s draft AI rules and how they could affect creators, social media platforms – Crypto News
 - 
																others1 week ago
GBP/USD holds steady after UK data, US inflation fuels rate cut bets – Crypto News
 - 
																	
										
																			Blockchain1 week agoEntire Startup Lifecycle to Move Onchain – Crypto News
 - 
																	
										
																			De-fi1 week agoNearly Half of US Retail Crypto Holders Haven’t Earned Yield: MoreMarkets – Crypto News
 - 
																	
										
																			Blockchain1 week agoXRP/BTC Retests 6-Year Breakout Trendline, Analyst Calls For Decoupling – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoUSDJPY Forecast: The Dollar’s Winning Streak Why New Highs Could Be At Hand – Crypto News
 - 
																others1 week ago
Is Changpeng “CZ” Zhao Returning To Binance? Probably Not – Crypto News
 - 
																	
										
																			others1 week agoGBP/USD floats around 1.3320 as softer US CPI reinforces Fed cut bets – Crypto News
 - 
																	
										
																			Metaverse1 week agoGemini in Gmail automates meeting schedules effortlessly – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoNEAR’s inflation reduction vote fails pass threshold, but it may still be implemented – Crypto News
 - 
																Technology1 week ago
Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH – Crypto News
 - 
																	
										
																			Technology1 week agoSurvival instinct? New study says some leading AI models won’t let themselves be shut down – Crypto News
 - 
																	
										
																			De-fi1 week agoMetaMask Fuels Airdrop Buzz With Token Claim Domain Registration – Crypto News
 - 
																	
										
																			Cryptocurrency6 days agoCitigroup and Coinbase partner to expand digital-asset payment capabilities – Crypto News
 - 
																	
										
																			Cryptocurrency6 days agoInside Bitwise’s milestone solana ETF launch – Crypto News
 - 
																	
										
																			Cryptocurrency6 days agoWhy Is Pi Network’s (PI) Price Up by Double Digits Today? – Crypto News
 - 
																	
										
																			Blockchain1 week agoPump.Fun Rallies 10% After Acquisition Of Trading Terminal Padre – Crypto News
 - 
																Technology1 week ago
Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump – Crypto News
 - 
																Business1 week ago
Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role – Crypto News
 - 
																others1 week ago
Tether’s Stablecoin 1.0 Era Is Over – Now the Industry Needs 2.0 – Crypto News
 - 
																	
										
																			De-fi1 week agoAave Labs Acquires Stable Finance to Expand DeFi Access – Crypto News
 - 
																	
										
																			Blockchain1 week agoKyrgyzstan Launches Stablecoin While Confirming Future CBDC – Crypto News
 - 
																others1 week ago
USD/JPY extends gains as strong US PMI offsets softer CPI data – Crypto News
 - 
																Technology1 week ago
James Wynn Takes XRP Long Bet After Ripple Prime Announcement – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoCrypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report – Crypto News
 - 
																	
										
																			Cryptocurrency1 week agoBitcoin Accumulation Patterns Show Late-Stage Cycle Maturity, Not Definite End: CryptoQuant – Crypto News
 - 
																	
										
																			De-fi1 week agoNearly Half of US Retail Crypto Holders Haven’t Earned Yield: MoreMarkets – Crypto News
 - 
																	
										
																			Blockchain1 week agoBig Iran Bank Goes Bankrupt, Affecting 42 Million Customers – Crypto News
 - 
																	
										
																			Technology1 week agoMicrosoft ‘tricked users into pricier AI-linked 365 plans,’ says Australian watchdog; files lawsuit – Crypto News
 - 
																Business1 week ago
Crypto Market Rally: BTC, ETH, SOL, DOGE Jump 3-7% as US China Trade Talks Progress – Crypto News
 
