SEMICONDUCTORS INVESTMENT
Delhi government drafts semiconductor policy to build design and innovation hub
Delhi is developing a new semiconductor policy. This initiative aims to make the capital a center for chip design and research. The policy will foster innovation and create jobs. It supports India's goal of technological self-reliance. The plan includes incentives for businesses and talent development. This move is crucial for economic stability and national security.
South Korea's Lee Jae-myung in India for talks on shipping, AI
South Korean President Lee Jae-myung received a red-carpet welcome in New Delhi for talks with Prime Minister Narendra Modi. Discussions focused on shipbuilding, AI, semiconductors, and critical technologies, aiming to strengthen their strategic partnership amidst global economic instability. Both leaders also addressed regional peace and bolstering their economic cooperation.
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.
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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Ericsson India revenue grows 29% to Rs 4,228 crore in March quarter
Swedish telecom firm Ericsson saw a significant 29 percent revenue jump in India for the quarter ending March 31, 2026. This growth was fueled by ongoing 5G rollouts and network upgrades across the country. India emerged as a key contributor to Ericsson's global performance, showcasing strong market momentum.
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.
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.
TSMC to expand 3nm chip production in Taiwan, US and Japan as AI demand surges
TSMC is significantly boosting its 3-nanometer chip production worldwide. This expansion is driven by a surge in demand for artificial intelligence. New facilities are being built and upgraded in Taiwan, the United States, and Japan. This move aims to solidify TSMC's leading position in the crucial AI chip market. The company anticipates substantial sales growth in the coming years.
PSU mutual funds see Rs 4,498 crore outflow in March: Report
PSU mutual funds saw Rs 4,498 crore in outflows in March, a mild improvement from February, according to Vallum Capital. While PSU funds posted strong long-term returns, sector trends were mixed—consumption saw withdrawals, but manufacturing, infrastructure, defence and pharma attracted fresh inflows, signalling a pivot toward domestic capex themes.
India eyes US-led Pax Silica seed fund
India is keen on getting access to the US State Department's new $250 million Pax Silica seed fund designed to secure global supply chains for artificial intelligence, semiconductors and critical minerals, people in the know said. This was discussed among steps to operationalise the multilateral initiative during foreign secretary Vikram Misri's three-day visit to Washington DC last week, they said.
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.
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.
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.
TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand
TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand. Demand for Taiwan Semiconductor Manufacturing Co's 3-nanometre technology to produce AI chips and its advanced packaging technology continues to outstrip the firm's current production capacity, according to analysts.
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.
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.
Govt notifies special economic zone for Tata Semiconductor Manufacturing at Dholera
The government on Wednesday said it has notified a special economic zone to be set up by Tata Semiconductor Manufacturing for electronic hardware and software, including IT/ITeS, at Dholera in Gujarat.
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.
Tata invests ₹1,500 crore more to charge up iPhone biz
Tata Group has infused ₹1,500 crore into Tata Electronics to scale up its iPhone manufacturing business, alongside plans for further investments. The group has also increased capital in its Pegatron India unit. Analysts say the move reflects long-term capacity expansion, as Tata strengthens its role in Apple supply chains and pushes into semiconductors.
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.
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.
Samsung Electronics eyes investment in chip packaging plant in Vietnam
South Korean tech giant Samsung Electronics is set to invest in a new chip packaging factory in Vietnam. The Vietnamese Ministry of Finance confirmed it is working with Samsung on a semiconductor project. This move signals Samsung's long-standing intention to expand its semiconductor operations in the Southeast Asian nation.
Cyient Semiconductor acquires Kinetic Technologies, eyes data center market
Cyient Semiconductors' acquisition of Kinetic Technologies will give the company a chance to go after the data center market, especially around power, the company's top executive told ET.
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