Aakash gets Rs 765 crore in Budget 2012
Source: Economic Times, March 22 2012

http://economictimes.indiatimes.com/tech/hardware/aakash-gets-rs-765-crore-in-budget-2012/articleshow/12361655.cms

The world's cheapest tablet project has been allocated about Rs 765 crore in Budget 2012-13, which is likely to trigger the second phase of the project expected to begin in April, even as the first phase is stuck in a deadlock.

Hyundai plans to set up diesel engine plant in India
Source: Economic Times, March 22 2012

http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/hyundai-plans-to-set-up-diesel-engine-plant-in-india/articleshow/12364087.cms

Within days of FM Pranab Mukherjee deciding against imposition of additional tax on diesel vehicles, Hyundai has finalized plans to set up a diesel engine plant in India. The company, that currently imports diesel engines to strap on cars like i20 hatchback and the Verna sedan, is likely to invest around Rs 500 crore for the engine facility, and an announcement is expected soon.

New Electronics Policy to be Unveiled Soon-Union IT Secretary
Source: APN News, March 21 2012

http://apnnews.com/2012/03/21/new-electronics-policy-to-be-unveiled-soon-union-it-secretary/

The Union Government will soon roll out an electronics policy, which would envisage an electronics production target of US 400 billion by 2020, according to Mr. J Sathyanaryana, Secretary, Department of IT, Ministry of communications and IT, Government of India.

NXP Semiconductors announces CFO change
Source: EE Herald, March 21 2012

http://www.eeherald.com/section/news/nws201203213.html

NXP Semiconductors N.V. has announced that executive vice president and CFO Karl-Henrik "Kalle" Sundström has decided to resign as chief financial officer of NXP as per the end of July 2012 for personal family reasons and will return to Sweden.

Intellectual property helps Ittiam post $20-m revenue in 2011-12
Source: Business Line, March 21 2012

http://www.thehindubusinessline.com/industry-and-economy/info-tech/article3025366.ece

Ittiam Systems' annual revenue touched $20 million for FY 2012, driven by intellectual property (IP) developed out of India.

Bharat Dynamics Ltd Invests $ 6.66 Billion in a New Facility to Produce Missiles
Source: Defence Now, March 21 2012

http://www.defencenow.com/news/583/bharat-dynamics-ltd-invests-$-666-billion-in-a-new-facility-to-produce-missiles.html

With over 100,000 missiles to its credit, the state-run Bharat Dynamics Limited (BDL) has now made an investment of around $ 6.66 billion at a new facility in Hyderabad to produce surface-to-air missiles. The foundation stone of this greenfield production facility was laid by M M Pallam Raju, Minister of State (Defence) along with Chief Minister N Kiran Kumar Reddy. This facility where surface-to-air missile production is being envisaged will be BDL’s fourth manufacturing unit in Andhra Pradesh.

Budget 2012: Industry Speaks
Source: EE Times India, March 20 2012

http://www.eetindia.co.in/ART_8800663383_1800001_NT_d960902e.HTM

PVG Menon, President, India Semiconductor Association (ISA): ISA broadly welcomes the budget with its thrust on accelerating overall GDP growth from 6.9 per cent to 7.6 per cent. We welcome the thrust given to areas like infrastructure development, skill development, encouragement of R&D, and the focus on helping SMEs.

Wipro plans Rs 100 cr manufacturing facility
Source: EE Times India, March 20 2012

http://www.business-standard.com/india/news/wipro-plans-rs-100-cr-manufacturing-facility/468255/

Wipro Infrastructure Engineering division, the engineering division of Wipro Limited, is planning to set up a hydraulic cylinder manufacturing facility in Karnataka. The new facility is expected to come up in Nelamangala taluk near Bangalore, said highly placed sources in the state government.

LED lighting pushes power semiconductor market
Source: EE Times India, March 20 2012

http://www.eetindia.co.in/ART_8800663462_1800010_NT_a27ba369.HTM

IMS Research's recent report "Opportunities for Power Components in LED Lighting," revealed that rapid uptake of LED lighting, driven by demand for more efficient lighting and legislation against incandescent lamps, will result in a potential market of 1,900 core power semiconductor units by 2016, worth over Rs.14,851.49 crore ($3 billion).

Import duty hike on luxury cars gives India a bargaining chip
Source: Hindu Business Line, March 19 2012

http://www.thehindubusinessline.com/industry-and-economy/article3013171.ece

India can use the increased import duties on luxury cars as a bargaining tool to not eliminate, or reduce, duties on the item under the proposed Free Trade Agreement (FTA) with European Union (EU).

Advantest manufactures piezoelectric MEMS for semiconductor testing
Source: Electro IQ, March 19 2012

http://www.electroiq.com/articles/stm/2012/03/advantest-manufactures-piezoelectric-mems-for-semiconductor-testing.html

Advantest Corporation (TSE:6857, NYSE:ATE) began producing micro electro mechanical system (MEMS) relays, shipping samples in April 2012. The MEMS relays will be used in semiconductor testing equipment, high-speed communications devices, high-frequency wave measurement equipment and their components. Mass production will begin in January 2013.

Compiled by ISA Research

research@isaonline.org

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