Amber Enterprises Arm And Korea Circuit Form Joint Venture For Semiconductor Substrates
Amber Enterprises India Ltd.'s unit, ILJIN Electronics (India) Pvt., has signed a joint venture agreement with Korea Circuit Co. to establish a new company in India focused on the production and manufacturing of semiconductor substrates, including HDI and Flex PCBs.
ILJIN will hold a 70% stake in the JV, while the rest will be held by Korea Circuit. The newly formed company aims to leverage KCC's expertise in printed circuit boards to enhance local manufacturing capabilities in line with India's 'Aatmanirbhar Bharat' initiative.
The agreement includes terms that allow ILJIN to appoint the majority of the board of directors for the joint venture, ensuring operational control. Both parties plan to invest capital in multiple phases as per mutually agreed conditions.
This partnership underscores the growing demand for semiconductor substrates in India and is expected to contribute to the domestic electronics industry by reducing reliance on imports.
ILJIN is a material subsidiary of Amber Enterprises India, while the Joint Venture Partner KCC is an independent third-party.
Shares of Amber Enterprises rose as much as 1.51% to Rs 5,222.95 apiece. It pared gains to trade 0.20% higher at Rs 5,155 apiece as of 03:10 a.m. This compares to a 0.28% decline in the NSE Nifty 50 Index.
It has risen 75.55% in the last 12 months. Total traded volume so far in the day stood at 0.25 times its 30-day average. The relative strength index was at 62.
Out of 26 analysts tracking the company, 20 maintain a 'buy' rating, four recommend a 'hold,' and two suggest a 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 2%.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
