SEMICONDUCTOR PROGRAMME
Amid layoff season, this Bengaluru company is paying employees to quit and start their own business and return back if things don't work out
Amid layoffs and voluntary buyout offers at global tech companies, Bengaluru-based iD Fresh Food is encouraging employees to quit and start their own businesses. CEO Musthafa PC's entrepreneurship policy offers a partially paid sabbatical, mentorship, access to the company's business network and an option to return if their ventures fail.
'I really believe him': Trump backs Nvidia CEO Jensen Huang amid China spy scandal, $7.5 billion chip shipment claims and lawsuit
Donald Trump has publicly supported Nvidia CEO Jensen Huang, who faces scrutiny over alleged connections to Chinese intelligence. Lawmakers from both political parties have raised concerns about national security implications related to Nvidia's technology exports. Nvidia's board is investigating the allegations while Huang faces shareholder lawsuits regarding disclosure failures. The controversy has affected Nvidia's stock value and prompted discussions on future semiconductor export policies.
Titan bets on studded jewellery, premium watches and eyewear to drive growth
Titan’s strong Q2 performance, driven by studded jewellery and premiumisation, is expected to sustain earnings growth, with gold price stability and a prolonged wedding season likely to revive buyer growth.
Want only serious players, no place for frivolous applicants in Semicon 2.0: Vaishnaw to industry
On Friday, the government launched the web application portal for Semicon 2.0, which will initially receive applications related to three of the programme's six pillars: machines and materials, fabs, and packaging. Guidelines have so far been issued only for these three pillars, and the portal is now inviting applications for them. Other three areas pertain to design, R&D and talent.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is on a mission to become the global hub for artificial intelligence applications while also enhancing its semiconductor industry. With the launch of the Semicon 2.0 Web Application Portal, only well-prepared semiconductor enterprises will have their applications considered. The government is actively working on a strategy to produce indigenous graphics processing unit chips, alongside other crucial electronic components such as battery cells and copper foils.
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India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is striving to become the artificial intelligence application capital while also focusing on semiconductor manufacturing. The government plans to launch the Semicon 2.0 Web Application Portal to attract serious players in the industry. Union Electronics and Information Technology Minister Ashwini Vaishnaw highlighted the importance of complete applications for participation.
Ashwini Vaishnaw launches Semicon 2.0 portal, says 50% of units approved under ECMS are SMES, MSMEs
Union Electronics and Information Technology Minister Ashwini Vaishnaw has launched the Semicon 2.0 Web Application Portal. The initiative aims to strengthen India's semiconductor manufacturing ecosystem while enabling the acceptance of applications under specific pillars. Fifty percent of the approved units under the Electronics Components Manufacturing Scheme belong to SMEs or MSMEs. India is progressing from assembly to the manufacturing of critical electronic components and materials.
India needs indigenous technologies to ensure energy security: Union Minister G Kishan Reddy
At the NIT Raipur convocation, Union Minister G Kishan Reddy emphasized India's need for innovations in energy, mining, and healthcare. He noted significant growth in higher education infrastructure and international rankings over the past decade. Reddy mentioned government initiatives aimed at supporting research and development in technology sectors. He encouraged graduates to tackle real-world challenges in their fields over the next three years.
India’s small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
India aims to be globally competitive semiconductor powerhouse by 2047: MoD
India is working towards becoming a globally competitive semiconductor powerhouse by 2047 and focuses on next-generation technologies. The Defence Research and Development Organisation participated in the Emerging Science, Technology and Innovation Conclave 2026 themed 'Creative Minds, Catalysing Science, Empowering Society'.
IIT Guwahati, Tata Electronics join hands to build semiconductor talent pipeline
IIT Guwahati has signed an MoU with Tata Electronics to establish a Centre of Excellence for semiconductor education. This collaboration aims to develop educational programmes that align with industry needs and create skilled professionals. Additionally, the partnership will provide hands-on training opportunities for students at Tata Electronics. It includes developing relevant course content and training faculty from various institutions.
Global Market: Bank of Japan achieves 2% inflation target after 13 years
The Bank of Japan declared its long-standing 2% inflation target achieved after more than 13 years, but kept its benchmark interest rate unchanged at 1.25%. Persistent inflation, rising oil and semiconductor prices, and yen weakness have fuelled expectations of another rate hike in December as policymakers gradually tighten monetary policy.
Meet Austin Hickman and Reet Chaudhuri, who raised $4 million for Soctera; how their semiconductor startup aims to change radar technology
Hickman is Soctera's co-founder and chief executive officer (CEO), while Chaudhuri is its co-founder and chief technology officer (CTO). They were both researchers at Cornell University's Jen-Xing Laboratory. Soctera emerged from their Cornell research and licensed the technology developed at the university. Their challenge was to address a longstanding limitation of high-power semiconductor devices.
Global Market: Samsung Electronics posts record $80.5 billion quarterly operating profit on AI chip boom
Samsung Electronics reported record quarterly operating profit of 107.4 trillion won, driven by surging AI memory chip demand. Despite strong earnings, shares fell over 5% amid concerns about semiconductor division performance and AI investment sustainability. Samsung also announced shareholder returns of up to 110 trillion won this year.
Samsung logs record $80.5 bln profits despite investor AI jitters
Massive demand for AI chips delivered record quarterly profits to South Korea's Samsung Electronics on Thursday, but shares fell as investors questioned the resilience of the global tech boom. Record profits driven by booming demand for AI memory chips have fuelled calls for greater shareholder returns, particularly after shares in tech giants such as Samsung tumbled from their June record highs amid concerns over US tech firms' AI spending.
byteXL strengthens leadership team to fuel AI and skilling push
byteXL has appointed four senior executives across operations, business, strategy and finance as it prepares to scale its institutional network from 40 to 120 colleges and reach 500,000 students over the next two years. The company is also expanding programmes in AI, GCCs, electric vehicles, semiconductors and precision engineering as it shifts towards a deeper technology focus.
Chip startup Nova Spectral AI raises Rs 21 crore to build low-cost image sensors
Founded by IIT Kanpur alumni Anish Priyadarshi and Sanjeev Kumar, the startup is developing a short-wave infrared (SWIR) sensor that can help cameras capture images in low light and through smoke, haze, and fog. It aims to make these sensors up to 100 times cheaper than existing technology, opening up potential applications in defence, robotics, cars, and smartphones, the founder said.
Power to empower must include the power to stay well
“The true value of power lies in its purpose,” the Prime Minister told the Bloomberg New Economy Forum in October. India’s next lever of power is the health of its people, and the digital infrastructure behind CoWIN can now help keep a billion Indians well.
Nirmala Sitharaman reaffirms govt's fiscal discipline push, puts public debt target at 50% of GDP by 2030
FM Sitharaman linked the government's broader economic priorities -- fiscal consolidation, inflation management and currency stability -- with the need to expand employment and enterprise opportunities, particularly for women, through education, skill development and industry participation.
$7.7 trillion AI bet: Can hyperscalers earn enough to justify the spending?
Six major hyperscalers are projected to spend $7.7 trillion on AI between 2026 and 2030, but generating adequate returns will be a challenge. UBS estimates they need $1 trillion in additional earnings before interest and taxes by 2031. The key questions are whether AI boosts productivity and companies can monetise those gains.
German companies plan to double, triple growth in India over 3-5 years: Piyush Goyal
German companies are planning significant growth in India over the next three to five years. Piyush Goyal emphasized partnerships in technology co-creation and skill development for Indian youth. During his visit to Germany, he met with various industry leaders to discuss investment opportunities. There is a focus on expanding German manufacturing and research capabilities in India. Promising sectors for collaboration include electronics, automobiles, and smart manufacturing.
China urges United States to halt proposed expansion of outbound investment curbs
China's commerce ministry has called on the United States to stop expanding investment restrictions related to sensitive technologies. These restrictions may negatively impact trade relations between the two countries following new proposals from the US Treasury. The US aims to prevent its capital from aiding foreign adversaries in developing dual-use technologies. Beijing firmly opposes these measures and may initiate countermeasures if the proposal is implemented.
Cyient shares rally 9% after Q2 revenue rises 25%; board declares Rs 12/sh interim dividend
Cyient shares surged on Friday after the company reported a 25% year-on-year rise in consolidated revenue to Rs 2,235 crore in Q2 FY27. Net profit declined 8% to Rs 132 crore. The board declared an interim dividend of Rs 12 per share, while its DET business reported stronger revenue and order intake.
Why sovereign AI is critical to India’s next growth leap?
India has already created considerable momentum. The priority now is to connect government initiatives, industry investments, academic research and startup innovation into a coherent ecosystem.
Qualcomm may cut 600-1,200 jobs in India as part of global restructuring
Qualcomm has not disclosed the scale of the planned job cuts or the number of positions that could be affected, and it did not respond to ET’s queries on the matter.
Rising corporate borrowings, hello!
Public Sector Banks in India are experiencing an increase in corporate borrowing, reflecting a strengthening of private sector capital expenditure. Key sectors driving this trend include wholesale trading, commercial real estate, and chemicals. Factors such as robust economic growth and low bond yields are contributing to expanded corporate lending. While companies remain cautious due to structural uncertainties, a new wave of investment is anticipated.
Why L&T Technology shares jumped 11% to hit the Rs 4,000 level afterQ2 results
L&T Technology Services shares rose sharply past Rs 4,000 after Q2 results beat expectations, driven by margin expansion, AI-led deal wins and strong sustainability business growth. Management expects a stronger second half of FY27, while Motilal Oswal, Nuvama and Nomura raised their target prices but maintained cautious ratings.
TN semiconductor ecosystem policy unveiled by CM Vijay aims to make state a hub
The initiative, taken forward by the Industries, Investment Promotion, and Commerce Department, is designed to attract massive investments into the state's semiconductor sector and bolster cutting-edge electronic manufacturing, the government said.
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