News

Latest News

Stocks in Play

Dividend Stocks

Breakout Stocks

Tech Insider

Forex Daily Briefing

US Markets

Stocks To Watch

The Week Ahead

SECTOR NEWS

Commodites

Commodity News

Metals & Mining News

Crude Oil News

Crypto News

M & A News

Newswires

OTC Company News

TSX Company News

Earnings Announcements

Dividend Announcements

Jacobs Wins Contract in India

Jacobs (NYSE: J) has been appointed by CG Semi Private Limited, a Joint Venture between CG, Renesas Electronics Corporation, and Stars Microelectronics (Thailand) Public Co. Ltd., for engineering design of CG Semi's new Outsourced Semiconductor Assembly and Test (OSAT) facility at Sanand, Gujrat in India.

Serving as the engineering, procurement and construction services (EPCS) partner on the Mini Line, and engineering partner on the Main Line, Jacobs will support CG Semi in its endeavor to establish a world-class OSAT facility.

"Jacobs partnering with CG Semi on this pivotal project underscores our commitment to delivering innovative and sustainable solutions in the rapidly expanding semiconductor market in India," said CEO Bob Pragada.

"With our extensive experience in the U.S., Europe and Asia, and proven capabilities, we are eager to contribute to the success of their new facility, helping to drive growth and technological advancement in the region."

The main facility is planned to be built on more than 28 acres. The OSAT facility will manufacture a variety of advanced and legacy packages for industries such as automotive, consumer, industrial and 5G.
Jacobs, ranked by Engineering News-Record as number one in Semiconductors, Manufacturing and Electronic Assembly, has worked on several transformative projects in India, delivering strategic and engineering consultancy works for integrated urban water management, recycle and re-use facilities and building Biocon Biologics' largest monoclonal antibodies facility.

J shares slid 65 cents to $136.66.