Washington, July 7 (IANS) Some of America’s biggest corporations and financial institutions lined up behind President Donald Trump’s newly launched Trump Accounts programme, pledging financial support and describing it as an initiative that could broaden wealth creation for future generations.The White House event brought together executives from Wall Street, Silicon Valley and major American corporations, signalling rare public backing from business leaders for a government-backed investment pr…
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Ahmedabad, July 3 (IANS) India’s semiconductor manufacturing push is set to take another step forward with the launch of commercial chip production at CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat, on July 4.The project, approved by the Union Cabinet in February 2024 under the India Semiconductor Mission, has been developed by CG Semi Pvt. Ltd., a subsidiary of CG Power and Industrial Solutions Limited, with an investment of Rs 7,500 crore.The facility h…
Seoul, June 26 (IANS) South Korean stocks tumbled nearly 6 per cent on Friday as investors locked in profits after recent rallies driven by stocks related to artificial intelligence (AI). The Korean won gained against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) lost 519.09 points, or 5.81 percent, to close at 8,411.21, after falling as low as 8,126.84, reports Yonhap news agency.The market rout came after the KOSPI rallied by 5.42 percent gain on Thursday and racked up …
Seoul, June 25 (IANS) South Korean stocks extended their gains late on Thursday morning, driven by a semiconductor rally, as Micron Technology’s better-than-expected earnings erased concerns over artificial intelligence (AI) growth.After opening 2.74 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended gains, adding 414.55 points, or 4.89 percent, to 8,885.57 as of 11:20 am, reports Yonhap news agency.Overnight, Wall Street closed mixed on concerns about overvaluation…
Seoul, June 8 (IANS) Nvidia and SK hynix said on Monday they have entered into a multi-year technology partnership to advance next-generation memory technologies for artificial intelligence (AI) factories.”We made a very significant and long-term partnership with SK,” Nvidia Chief Executive Officer (CEO) Jensen Huang told reporters at the SK Group headquarters in Seoul.Huang said the two companies will jointly develop technology road maps and deepen their collaboration beyond traditional memory …
New Delhi, May 31 (IANS) Sridhar Vembu, founder and chief scientist of Zoho Corporation, has cautioned that soaring valuations of some of the world’s largest technology companies, fuelled by investor enthusiasm around artificial intelligence (AI), exhibit characteristics of a market bubble that could eclipse the dot-com era.In a post on social media platform X, Vembu highlighted the price-to-sales ratios of major technology firms, arguing that current market valuations appear increasingly detach…
Washington, May 23 (IANS) US Trade Representative Jamieson Greer said that there were no immediate semiconductor tariffs coming, according to a report, though he underscored the importance of protecting America’s chip sector.Greer made the remarks at Micron Technology’s memory chip plant expansion project outside Washington, Reuters reported, apparently referring to sectoral duties on chip imports that might come after national security investigations under Section 232 of the Trade Expansion Act…
Sanand (Gujarat), March 31 (IANS) Prime Minister Narendra Modi said on Tuesday that the start of production at Kaynes Semicon’s OSAT facility in Sanand demonstrates the speed and growth of India’s semiconductor ecosystem and its increasing integration with global supply chains. Speaking at the inauguration of the plant, the Prime Minister noted the close timing of developments in the sector.“On February 28, production began at Micron Technology’s facility, and today, on March 31, productio…
Sanand, March 31 (IANS) Prime Minister Narendra Modi on Tuesday said global crises in recent years have led to disruptions in supply chains, emphasising the need for secure and resilient systems in critical sectors such as semiconductors, energy and minerals. Addressing the gathering after Kaynes Semicon’s OSAT facility inauguration in Sanand, the Prime Minister said the 21st century has brought multiple challenges, including the pandemic and ongoing conflicts, which have impacted the flow of go…
Sanand (Gujarat), March 31 (IANS) Union Electronics and Information Technology Minister Ashwini Vaishnaw on Tuesday said four semiconductor plants are expected to be ready in India by 2026, as he outlined an accelerated roadmap for the sector following the inauguration of a new facility in Gujarat.In comments after Prime Minister Narendra Modi inaugurated the Kaynes Semicon’s OSAT plant in Sanand, Vaishnaw said: “In 2026, four plants will be ready, and two plants in 2027. India’s first fabrica…