SEMICONDUCTOR INDUSTRY
Labour union of Hyundai Motor demands 30% company's net profit as performance bonuses
Hyundai Motor Group's labor union is demanding a significant performance bonus. They seek 30 percent of last year's net profit, amounting to over 3 trillion won. The union also wants a monthly base salary increase and higher standard bonuses. Job security, an extended retirement age, and more hiring are also key demands.
JSW Steel and POSCO form joint venture for steel plant in Odisha amid South Korean President's India visit
JSW Steel and South Korea's POSCO Group are partnering to build a new steel plant in Odisha. This joint venture will have a production capacity of 6 million tonnes per annum. The deal signifies deepening strategic ties between the two major steel producers. This collaboration aligns with JSW Steel's expansion goals.
Razorpay eyes IPO; Sarvam's $1.5 billion leap
Happy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Odisha gets 3D chip packaging unit
Odisha is emerging as a significant player in advanced sectors like electronics and semiconductors with the inauguration of India's first 3D glass substrate packaging facility. This Rs 1,943 crore project, set up by 3D Glass Solutions Inc., aims to bolster India's semiconductor value chain and support future technologies like AI and high-performance computing.
Axiro will scale fabless chip business in phases: CG Power chairman
Axiro Semiconductor, a CG Power subsidiary, is expanding its fabless chip business, initially targeting connectivity, satellite communication, and industrial applications. Axiro is already shipping millions of chips every month and has built a portfolio of around 200 commercialised chips over the past decade, Axiro’s chief executive, Naveen Yanduru said.
Foundation stone laid for India's first advanced 3D chip packaging unit in Odisha's Info Valley
Union Minister for Electronics & IT Ashwini Vaishnaw said that the foundation stone of a semiconductor plant has been laid in Odisha on the occasion of Akshay Tritiya. He said the upcoming facility marks a significant step for high-tech manufacturing in the state, adding that he thanked Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi.
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Delhi govt drafts semiconductor policy, aimed at investment and employment: CM Rekha Gupta
Delhi is developing a new semiconductor policy to boost youth skilling and attract global investment. This initiative aims to establish the capital as a major hub for semiconductor design, research, and related industries. The policy will offer financial and non-financial incentives to encourage business growth and innovation.
Vaishnaw calls 3DGS semiconductor plant foundation in Odisha a 'historic day, says state emerging as IT hub
Odisha is set to become a major center for advanced technology and electronics manufacturing. The foundation for a semiconductor plant has been laid, marking a historic day for the state. This development will boost Odisha's semiconductor ecosystem. Global leaders like Intel and Lockheed Martin are investors. The state is diversifying its industrial base beyond metals and minerals.
Karnataka ready for global partnerships beyond tech: DK Shivakumar
Karnataka is actively seeking global partnerships across trade, innovation, and collaboration. The state aims to strengthen ties with over 80 countries. Bengaluru is highlighted as a hub for talent and investment. The Global Innovation Alliance is evolving for outcome-driven collaborations. The Bengaluru Tech Summit 2026 will focus on AI and beyond, fostering deeper co-creation and long-term global partnerships.
India explores FTA full use with Norway, sets up fast-track investment system with Austria
India and Norway are enhancing cooperation in energy, maritime, and biotech sectors. Norway sees growing investment interest in India. Meanwhile, India and Austria have launched a Fast-Track Mechanism to facilitate investments and resolve issues. This initiative aims to expand bilateral trade and leverage industrial complementarities. Both nations are prioritizing sustainable development and green technologies for future collaboration.
SpaceX IPO yet to come, but here’s how investors can cash in on Space right now
The SpaceX IPO 2026 is set to shake global markets with a projected $1 trillion valuation and up to $80 billion fundraising. Investor demand is rising fast. The space economy is no longer futuristic. It is active and expanding now. Reports from Morgan Stanley show rapid growth across space stocks and satellite businesses. Many companies already deliver strong returns. Investors are searching how to invest before SpaceX IPO 2026. Early opportunities exist across mining, chips, and satellite services. The space economy is scaling quickly and attracting serious capital worldwide.
India, Austria seal 15 deals across defence, counter-terrorism, tech and trade
India and Austria have signed fifteen agreements. These cover defence, technology, innovation, and trade. A Joint Working Group will combat cross-border terrorism. The agreements aim to boost cooperation in defence and counter-terrorism. Both nations also agreed on peaceful conflict resolution. Austrian expertise will enhance Indian infrastructure projects. Partnerships will strengthen in defence, semiconductors, and biotechnology.
US stock market rally today: Why Dow Jones, S&P 500, and Nasdaq are suddenly rising amid ceasefire hopes and strong earnings — Is this bull run just getting started?
US stock market rally today is gaining strength as the S&P 500 crosses 7,000, the Nasdaq tops 24,000, and the Dow Jones rises steadily. Markets react fast to fresh signals. A reported Israel–Lebanon ceasefire and easing US-Iran tensions lift investor confidence. Risk appetite returns quickly. Strong earnings from major companies add fuel. Jobless claims fall to 207,000, showing economic resilience. Tech stocks lead the surge again. Momentum builds across sectors. This US stock market rally today reflects lower geopolitical risk, stable growth outlook, and strong corporate performance, pushing equities toward record highs with sustained bullish sentiment.
Govt notifies India’s first chip fab plant: Rs 91,000 cr Tata Semicon plant
India's first chip fabrication plant SEZ is notified in Dholera, Gujarat. Tata Semiconductor Manufacturing Private Limited will invest Rs 91,000 crore. This project aims to boost domestic value chains and create jobs. Other semiconductor and electronics component SEZ proposals have also received approvals. These include plans by Micron Semiconductor Technology India Ltd, Kaynes Semicon Ltd, and CG Semi Ltd.
US lawmakers scale back bill targeting Chinese chipmaking
A US bill to limit China's access to advanced chipmaking equipment has been modified. The legislation still aims to restrict ASML's deep ultraviolet lithography machines. The bill seeks to align international controls on technology. Manufacturers expressed concerns about the earlier version. The House Foreign Affairs Committee plans a vote next week.
India-South Korea shipbuilding collaboration to receive mega boost from Presidential visit next week
South Korean President Lee Jae Myung visits India from April 19-21. The visit prioritizes shipbuilding, especially LNG tankers, under the 'Make in India' initiative. Technology transfer and scaling up production are key. Collaborations will also cover semiconductors, civil nuclear energy, and defense manufacturing. This aims to boost the Special Strategic Partnership between the two nations.
Samsung asks court to block illegal strike activities by unions
Samsung Electronics has asked a court to block planned union strike activities, which unions have decried as a "declaration of war." Workers are threatening an 18-day strike from May 21 over a wage dispute, seeking to remove performance pay caps and link bonuses to operating profit. A potential strike could significantly impact output at Samsung's semiconductor complex.
Global Markets | Japan's Nikkei jumps to record high on Mideast peace hopes; Daikin surges
Optimism over easing Middle East tensions pushed Japan’s Nikkei to record highs, with strong gains in Daikin Industries driving the rally.
Japan's Nikkei rises to near record high on Mideast peace hopes; Daikin surges
Optimism over easing Middle East tensions pushed Japan’s Nikkei near record highs, with strong gains in Daikin Industries boosting the index.
Stocks in news: Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M
In today's trade, shares of Wipro, Angel One, HDB Financial, Clean Max Enviro, M&M among others will be in focus due to various news developments and fourth quarter results.
India's trade gap shrinks in March, swells in FY26
India's trade deficit saw a reduction in March as the West Asia conflict disrupted trade flows. Exports and imports both declined, narrowing the monthly deficit. However, the overall trade deficit for the fiscal year widened. Despite challenges, India achieved record exports of $860 billion in FY26, showcasing resilience. Several free trade agreements are expected to boost future trade prospects.
Over 30 GCCs brought in Rs 12,500 crore to Karnataka in 2025, says IT/BT minister Priyank Kharge
Firms like SAP and Google have led this inflow of investment. The state is now focussing on structured global pathways and outcome-driven partnerships across AI and deeptech sectors.
CG Power arm Axiro, MPower invest in Japanese AI chipmaker EdgeCortix
Axiro Semiconductor and MPower Partners have made a significant leap by investing in EdgeCortix, a trailblazing firm from Japan dedicated to advancing energy-efficient AI technology. This funding is set to expedite EdgeCortix’s innovations in next-gen platforms tailored for Generative and Agentic AI applications.
French group Veolia aims $1.2 billion in revenue from data centres, chips by 2030
The tech sector's expansion of data centres, driven by surging demand for AI following the widespread adoption of ChatGPT, has strained power supplies and raised concerns over global grid capacity.
Nvidia grants stock bonuses to India staff, payouts range from ₹5 lakh to ₹1 crore
The “Jensen Special Grant,” introduced in 2024, offers employees an additional 25% of their initial restricted stock units (RSUs). The grant vests over four years, with values calculated in local currency and converted into US dollars at an exchange rate of ₹82.9 per dollar.
ASML investors bet on 'picks and shovels' of AI revolution
Analysts expect a strong quarter and see scope for ASML to raise its 2026 sales outlook, as memory-chip makers expand capacity to meet AI-driven demand. Core challenges include whether ASML can keep up with demand for its chip-making tools, which can take more than a year to build, and whether potential new restrictions on exports to China could curb growth.
TSMC likely to book fourth straight quarter of record profit on insatiable AI demand
On Thursday, TSMC is expected to report a net profit of $17.1 billion for the quarter, according to an LSEG SmartEstimate compiled from 19 analysts. The war in the Middle East threatens to disrupt the supply of production materials for semiconductors such as helium and neon, but TSMC is seen as well-placed to weather the crisis.
Japan approves additional $4 billion for chipmaker Rapidus
Japan's government is injecting more funds into chipmaker Rapidus. This significant financial boost aims to accelerate the development of advanced semiconductors. The support is crucial for strengthening Japan's chip supply chains. Rapidus is working on next-generation chips with mass production planned for 2027. This move signals Japan's commitment to leading in semiconductor technology.
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