New Delhi, June 18 (IANS) US-based tech giant Apple may raise prices across some of its products as surging memory and storage chip costs due to an increase in demand from artificial intelligence (AI) data centres continue to put pressure on the company’s margins, according to a report.Speaking to The Wall Street Journal, Apple CEO Tim Cook said the company can no longer fully absorb the sharp increase in component costs and may eventually pass some of the burden on to consumers.”Unfortunately, …
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New Delhi, June 8 (IANS) The European Union’s trade commissioner Maros Sefcovic said the bloc is developing new trade instruments to reduce its dependence on China, a new report has said.“We are using our existing tools more assertively. Where gaps exist, we are also building new tools… Diversification now requires a dedicated instrument,” Sefcovic told the annual Brussels Economic Security Forum, according to a report from Euractiv.Sefcovic warned that the EU’s current trajectory of acc…
Seoul, June 8 (IANS) South Korean stocks were trading more than 6 per cent lower late on Monday as investors dumped market heavyweights amid a tech slump sparked by a US chip slide and concerns over a possible hawkish pivot of the US Federal Reserve. The local currency was trading sharply lower against the US dollar after opening at a 17-year low.After falling nearly 9 percent, the benchmark Korea Composite Stock Price Index (KOSPI) had plunged 492.8 points, or 6.04 percent, to 7,667.79 as of 11…
Mumbai, May 29 (IANS) Padma Shri professor Juzer Vasi has advocated for a strong focus on building hubs of semiconductors while scaling up solar energy production, for powering the nation’s growth in the next few decades. “Both these sectors hold immense potential for growth in the near future, and I feel proud and honoured to have been recognised for my work in these areas,” he said, sharing his reaction on receiving the Padma honour.“It was very unexpected, but I am honoured to receive…
New Delhi, May 29 (IANS) India has made faster-than-expected progress in building its semiconductor ecosystem but technological sovereignty will be crucial for achieving the vision of Viksit Bharat, NITI Aayog Vice Chairman Ashok Kumar Lahiri said on Friday.On India’s semiconductor roadmap, Lahiri said one of the biggest strategic risks facing the country is its growing dependence on imported black-box technologies.“India has already covered important ground. The India Semiconductor Mission,…
Seoul, May 28 (IANS) South Korea’s central bank kept its benchmark interest rate unchanged on Thursday amid lingering uncertainty in the Middle East, but it raised the possibility of future tightening as inflationary pressures and concerns over currency weakness intensified.In a widely-anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its rate-setting meeting in Seoul. It is the first monetary policy meeting chaired by BOK Gov. …
Seoul, May 27 (IANS) Unionised workers at Samsung Electronics voted to approve a wage agreement, the union said on Wednesday, easing concerns about potential disruptions to the global supply chain.In the six-day vote, 73.7 percent of the 62,616 members of the tech giant’s two largest unions approved the tentative deal. The agreement was finalised after a majority of eligible voters took part in the vote and a majority voted in favour of the proposal, reports Yonhap news agency.The labour union a…
Mumbai, May 20 (IANS) Chief Minister Devendra Fadnavis on Wednesday said that Maharashtra is ready to lead the transition in the nuclear energy sector and appealed to American companies to invest in the state. He further stated that Artificial Intelligence (AI), data centres, semiconductors, green hydrogen, electric mobility, and advanced manufacturing are driving a massive surge in the demand for stable and uninterrupted power.Long-term industrial growth cannot rely solely on solar and wind ene…
Jaipur, May 19 (IANS) Rajasthan is rapidly emerging as India’s next major semiconductor and electronics manufacturing destination, with the Bharatiya Janata Party-led state government on Tuesday unveiling ambitious plans to transform the state into a high-technology hub. Marking a significant milestone in the state’s industrial journey, Rajasthan’s first semiconductor cluster has been launched in Bhiwadi, signaling a decisive shift from traditional industries toward a technology-driven economy a…
Washington, May 19 (IANS) India’s Ambassador to the United States Vinay Mohan Kwatra pushed back against concerns over strains in the US-India relationship, asserting that ties between the two countries continue to enjoy strong bipartisan support and are expanding across trade, technology, defence and critical minerals.Addressing the Capitol Hill Summit 2026 organised by the US-India Friendship Council, Kwatra said many perceptions about tensions in the relationship were “not informed by the…