Seoul, Feb 11 (IANS) South Korea will begin a 1 trillion-won ($687.8 million) project next month to develop artificial intelligence (AI) semiconductors for on-device use, the industry ministry said on Wednesday.The government and private companies will funnel a combined 1 trillion won into the project over the next five years, with a goal of creating some 10 AI chips that can be used in self-driving cars, smart home appliance products, humanoid robots and others, according to the Ministry of Tra…
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Washington, Feb 10 (IANS) The United States and India should anchor their partnership in artificial intelligence and emerging technologies to counter authoritarian models and shape the global digital order, according to a new bilateral report released Tuesday ahead of India’s AI Impact Summit in New Delhi next week. The report U.S.–India AI and Emerging Technology Compact, prepared jointly by the Special Competitive Studies Project (SCSP) and Observer Research Foundation (ORF) America, argue…
Kuala Lumpur, Feb 8 (IANS) Malaysian Prime Minister Anwar Ibrahim on Sunday called Prime Minister Narendra Modi a “true friend” with whom he had a “trustworthy” exchange. In his remarks during the joint press meet with Prime Minister Narendra Modi in Kuala Lumpur, Malaysian PM Ibrahim said, “We consider this meeting and these exchanges very vital, very strategic and critical to advance and enhance relations between India and Malaysia… We had long-standing relations since 1957, but we have elev…
Bengaluru, Feb 7 (IANS) Union Minister for Railways, Electronics and Information Technology Ashwini Vaishnaw, on Saturday, appealed to the Congress-led government in Karnataka not to adopt a narrow-minded approach. Saying that the Centre believes in cooperative federalism, the Union Minister called upon all stakeholders to work together towards making India a Viksit Bharat by 2047.He made the statement after inaugurating the ‘Zetwerk Electronics’ manufacturing facility at the KIADB Hi-Tech Hardw…
Patna, Feb 1 (IANS) After the presentation of the Union Budget in Parliament, Bihar Chief Minister Nitish Kumar welcomed the budget, describing it as progressive, forward-looking, and beneficial for Bihar’s long-term development. In a post on his official X handle, the Chief Minister said, “The Union Budget is positive and welcome. This budget, presented by the central government, keeps in mind the goals of building a developed India. It is progressive and forward-looking, and through it, se…
Seoul, Jan 30 (IANS) South Korea’s industrial output grew at the slowest pace in five years in 2025, despite strong growth in the semiconductor industry, while retail sales and facility investment showed signs of improvement, government data showed on Friday.Industrial output gained 0.5 percent from a year earlier in 2025, slowing from a 1.5 percent increase the previous year, according to the data from the Ministry of Statistics and Data, reports Yonhap news agency.The 2025 figure marks the wea…
Seoul, Jan 26 (IANS) Samsung Electronics said on Monday it plans to provide treasury shares worth 175.2 billion won ($120 million) to its executives under its excess profit incentive (OPI) system.The South Korean tech giant said in a regulatory filing that it will distribute a total of 1.15 million treasury shares to 1,051 executives under the incentive program, without selling the shares on the market.Under Samsung Electronics’ OPI system, employees can receive up to 50 percent of their annual …
New Delhi, Jan 24 (IANS) India has started a new semiconductor industry and that lithography, which involves printing the circuit on the wafer, is the most complex and precision-intensive process in the entire semiconductor manufacturing chain, according to the government.Union Minister Ashwini Vaishnaw said that Dutch multinational company ASML is the world’s leading provider of lithographic tools and added that ASML enables practically every chip manufactured in the world.“Our fab in Dhole…
New Delhi, Jan 22 (IANS) As India’s semiconductor industry scales up, its adoption of artificial intelligence (AI) is projected to generate $1.7 trillion in economic value by 2035 and reshape industries across the economy, a new report has said.A KPMG report, launched at the World Economic Forum 2026 in Davos, said that India’s responsible AI scaling gained support from robust data governance frameworks, sectoral adoption in healthcare, agriculture, education, and defence, and the creation o…
Seoul, Jan 22 (IANS) The South Korean economy expanded 1 per cent last year, driven by robust exports, but posted negative on-quarter growth in the fourth quarter amid a slump in the construction sector, central bank data showed on Thursday.The country’s real gross domestic product (GDP) — a key measure of economic growth — for 2025 matched the Bank of Korea’s (BOK) earlier forecast, though the growth rate slowed from a 2 per cent expansion in the previous year, according to the preliminary da…