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India.com
a day ago
- Business
- India.com
Big concern for India after Donald Trump announces massive 50 percent tariff on..., Semiconductor Mission likely to..., PM Modi now plans to...
New Delhi: US President Donald Trump announced a massive 50 percent tariff on copper imports last week. The latest move by Trump has triggered concerns among companies involved in global supply chains and also raised alarm in India's electronics and semiconductor industries. According to the reports, the primary aim of this step is to boost domestic copper production in the US. Talking about the US move, Indian officials say it could impact India's efforts to manufacture chips and electronics under its semiconductor mission. According to The Economic Times, the industry says India relies heavily on other countries for high-quality copper products. If global trade disruptions increase, it could pose challenges for India. Industry representatives have urged the Indian government to act swiftly. The representatives have suggested the Modi government not to ease import regulations and ease BIS certification processes, but also invest in domestic production of high-grade copper alloys and other materials essential for electronics and chip manufacturing. Importance of Copper? Talking to Nav Bharat Times, Ashok Chandak, President of SEMI India and the India Electronics and Semiconductor Association (IESA), said that copper is an important component for chip wiring, PCBs, interconnects, and power systems. He further stated that India imports most of its required copper and copper-based materials from other countries. Even the gold-plated copper wires used in semiconductor assembly and testing units are facing various challenges. Copper is a very essential raw material for manufacturing electronic equipment. It is used in printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and in wiring for semiconductor packaging and assembly. Domestic suppliers like Hindustan Copper, Sterlite, and Hindalco are not yet producing copper on a large scale that is required for semiconductor manufacturing. Manufacturing Costs Will Rise Ashok Chandak, President of SEMI India and the India Electronics and Semiconductor Association (IESA), said that the manufacturing costs are likely to increase due to global supply issues and the rising cost of goods. This could lead to delays in semiconductor-related projects. He added that India should not only promote fabs but also strengthen supply chains through domestic refining, free trade agreements, and even strategic reserves.
Economic Times
3 days ago
- Business
- Economic Times
US copper tariff may impact Indian electronics, chip plans
Agencies President Donald Trump last week announced a steep 50% tariff on copper imports into the US, triggering an alarm across global supply chains and raising concerns in India's electronics and semiconductor the measure is primarily aimed at boosting domestic copper production in the US, Indian executives said the ripple effects could to some extent disturb India's chip and electronics manufacturing efforts under its semiconductor mission. India's reliance on imported high-purity copper materials could become a serious bottleneck as global trade barriers proliferate and disrupt the supply chain, said industry leaders. They urge the Indian government to move swiftly — not just by streamlining import procedures and BIS certifications but also by investing in the domestic production of high-grade copper alloys and materials essential to the electronics and chip value chain. Indirect blow 'Copper is critical for chip wiring, PCBs, interconnects, and power systems,' said Ashok Chandok, president of SEMI India and the India Electronics and Semiconductor Association (IESA). 'India imports a large share of its refined copper and concentrates. Even gold-plated copper wires used in outsourced semiconductor assembly and test units are facing procedural hurdles.'Copper is a critical raw material in electronic manufacturing, widely used in printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and wiring for semiconductor packaging and assembly. Domestic suppliers like Hindustan Copper, Sterlite, and Hindalco do not currently produce the semiconductor-grade copper needed at scale, the IESA president pointed out. Global supply issues and costlier components will increase the manufacturing cost and slow down cost-sensitive semiconductor projects, he said. 'India must not just incentivise fabs but also build upstream resilience — through domestic refining, free trade agreements, and even strategic reserves.'Semiconductors aren't directly hit by tariffs, said Kunal Chaudhary, partner and co-leader of the Inbound Investment Group at EY India. 'But disruptions in copper, critical for chip wiring, are pushing up costs and shifting policy focus. This is slowing India's chip momentum and making things more expensive for global supply chains." Though India has copper smelting and refining capacity, high-purity copper and specialty alloys required for advanced electronics and chipmaking are largely imported, often from countries like China, which offer competitive pricing and advanced processing capabilities. India's own steps, like requiring quality certification on imports, could also affect the industry.'India does not manufacture high-purity copper materials or the special alloys like strips, wires, or sheets required for semiconductors,' said Rajoo Goel, secretary general of the Electronic Industries Association of India. 'These are imported and supplied by a few specialised global manufacturers, many of them in China. Imposing trade barriers like tariffs, Quality Control Orders, or Bureau of Indian Standards certifications without enabling alternatives can disrupt this fragile but essential supply chain,' Goel semiconductor momentum is in its early stages and blocking imports through regulatory or pricing hurdles could discourage foreign investment and slow the growth, Goel said. 'We need to remove hurdles, not add new ones. Strengthening domestic copper processing will take time — and until then, strategic imports must be facilitated, not impeded,' he reportedly exported $2 billion worth of copper and copper products in 2024-25, including $360 million, or 17%, to the US. The US is India's third-largest market for copper exports after Saudi Arabia (26%) and China (18%). Any decline in US demands following new tariffs is likely to be absorbed by the domestic industry.'The semiconductor race is not just about fabs,' Chandok said. 'It's about the entire ecosystem — and that begins with secure, affordable, and quality raw materials like copper.' Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The 10-second mystery: Did the Air India crash report hide more than what it revealed? Can Indian IT's 'pyramid' survive the GenAI shake-up? Zee promoters have a new challenge to navigate. And it's not about funding or Sebi probe. The deluge that's cooling oil prices despite the Iran conflict Stock Radar: Natco Pharma stock showing signs of momentum after falling over 30% from highs – what should investors do? In mid-caps, 'just hold' often creates wealth: 10 mid-cap stocks from different sectors with upside potential up to 44% F&O Talk | Foreign outflows, IT drag pull nifty lower; next support at 24,500: Rahul Ghose How to use dividend yield in volatile times: 6 stocks where this strategy has a high chance of giving much better returns
Time of India
4 days ago
- Business
- Time of India
US copper tariff may impact Indian electronics, chip plans
Academy Empower your mind, elevate your skills ETtech President Donald Trump last week announced a steep 50% tariff on copper imports into the US, triggering an alarm across global supply chains and raising concerns in India's electronics and semiconductor the measure is primarily aimed at boosting domestic copper production in the US, Indian executives said the ripple effects could to some extent disturb India's chip and electronics manufacturing efforts under its semiconductor reliance on imported high-purity copper materials could become a serious bottleneck as global trade barriers proliferate and disrupt the supply chain, said industry leaders. They urge the Indian government to move swiftly — not just by streamlining import procedures and BIS certifications but also by investing in the domestic production of high-grade copper alloys and materials essential to the electronics and chip value chain.'Copper is critical for chip wiring, PCBs, interconnects, and power systems,' said Ashok Chandok, president of SEMI India and the India Electronics and Semiconductor Association (IESA). 'India imports a large share of its refined copper and concentrates. Even gold-plated copper wires used in outsourced semiconductor assembly and test units are facing procedural hurdles.'Copper is a critical raw material in electronic manufacturing, widely used in printed circuit boards (PCBs), capacitors, resistors, connectors, relays, and wiring for semiconductor packaging and suppliers like Hindustan Copper , Sterlite, and Hindalco do not currently produce the semiconductor-grade copper needed at scale, the IESA president pointed supply issues and costlier components will increase the manufacturing cost and slow down cost-sensitive semiconductor projects, he said. 'India must not just incentivise fabs but also build upstream resilience — through domestic refining, free trade agreements, and even strategic reserves.'Semiconductors aren't directly hit by tariffs, said Kunal Chaudhary, partner and co-leader of the Inbound Investment Group at EY India. 'But disruptions in copper, critical for chip wiring, are pushing up costs and shifting policy focus. This is slowing India's chip momentum and making things more expensive for global supply chains."Though India has copper smelting and refining capacity, high-purity copper and specialty alloys required for advanced electronics and chipmaking are largely imported, often from countries like China, which offer competitive pricing and advanced processing capabilities. India's own steps, like requiring quality certification on imports, could also affect the industry.'India does not manufacture high-purity copper materials or the special alloys like strips, wires, or sheets required for semiconductors,' said Rajoo Goel, secretary general of the Electronic Industries Association of India. 'These are imported and supplied by a few specialised global manufacturers, many of them in China. Imposing trade barriers like tariffs, Quality Control Orders, or Bureau of Indian Standards certifications without enabling alternatives can disrupt this fragile but essential supply chain,' Goel semiconductor momentum is in its early stages and blocking imports through regulatory or pricing hurdles could discourage foreign investment and slow the growth, Goel said. 'We need to remove hurdles, not add new ones. Strengthening domestic copper processing will take time — and until then, strategic imports must be facilitated, not impeded,' he reportedly exported $2 billion worth of copper and copper products in 2024-25, including $360 million, or 17%, to the US. The US is India's third-largest market for copper exports after Saudi Arabia (26%) and China (18%). Any decline in US demands following new tariffs is likely to be absorbed by the domestic industry.'The semiconductor race is not just about fabs,' Chandok said. 'It's about the entire ecosystem — and that begins with secure, affordable, and quality raw materials like copper.'
