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.
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.
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.
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.
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