New Delhi, Feb 27 (IANS) India and Israel, in their key meetings this week, have placed technology and innovation at the centre of the partnership which aligns closely with India’s ambition of building a $500 billion electronics manufacturing economy by 2030–31, industry experts said on Friday.Prime Minister Narendra Modi and his Israeli counterpart, Benjamin Netanyahu, have elevated the bilateral relationship to a ‘Special Strategic Partnership for Peace, Innovation and Prosperity’, ref…
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Seoul, Feb 23 (IANS) South Korea’s exports expanded 23.5 per cent from a year earlier in the first 20 days of this month, driven by strong demand for semiconductors, data showed on Monday.Outbound shipments reached $43.5 billion in the February 1-20 period, compared with $35.2 billion tallied over the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.The figure marks the highest level for the period as semiconductor exports more than doubled …
New Delhi, Feb 22 (IANS) Global technology giants have pledged to invest hundreds of billions of dollars into artificial intelligence initiatives linked to India, as the country hosted a major AI summit that brought together world leaders and top industry executives.The surge in commitments comes at a time when governments and companies worldwide are racing to expand their AI capabilities.Global hyperscalers such as Amazon, Microsoft, Meta and Alphabet are expected to spend as much as $700 billi…
New Delhi, Feb 21 (IANS) The US Pax Silica initiative represents a new strategic framework for the world where cooperation in semiconductors, critical minerals and AI infrastructure, potentially replaces conflict over technology, according to Industry experts.For India, this is a transformational opportunity, as we move from being a large consumer of electronics to becoming a global design and manufacturing partner. “With our strong semiconductor design talent, growing fabrication and packagin…
New Delhi, Feb 21 (IANS) Prime Minister Narendra Modi is scheduled to participate in the groundbreaking ceremony of the Rs 3,700 crore HCL-Foxconn joint venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA) area near the Noida International Airport in Jewar, Uttar Pradesh on Saturday via video conferencing.The establishment of the semiconductor facility by Taiwanese electronics manufacturing giant Foxconn and India’s HCL Group marks a signific…
New Delhi, Feb 20 (IANS) Prime Minister Narendra Modi is scheduled to participate in the groundbreaking ceremony of the Rs 3,700 crore HCL-Foxconn joint venture project – India Chip Pvt. Ltd. – in the Yamuna Expressway Industrial Development Authority (YEIDA) area near the Noida International Airport in Jewar, Uttar Pradesh on Februray 21 via video conferencing, according to a PMO statement issued on Friday. The establishment of the semiconductor facility by Taiwanese electronics manufacturing g…
New Delhi, Feb 20 (IANS) The growing technological ties between India and Japan in the electronics hardware sector have emerged as a new factor in cementing the strong economic and strategic relations between the world’s largest democracy and Asia’s tech giant. As semiconductors, generative Artificial Intelligence (AI), and digital public infrastructure (DPI) redefine the nature of global influence, this burgeoning “tech alliance” stands as the most vital strategic partnership in the reg…
Washington, Feb 18 (IANS) Artificial intelligence could alter the global balance of power before the end of this decade, Anthropic CEO Dario Amodei said, warning that countries that reach advanced AI capabilities first may gain decisive geopolitical leverage — a development with implications for India’s strategic rivalry with China.“The lack of public recognition of how close we are to the end of the exponential… is absolutely wild,” Amodei said in an interview with podcast host Dwarkesh…
Seoul, Feb 11 (IANS) South Korea’s exports jumped 44.4 per cent from a year earlier in the first 10 days of February, driven by strong demand for semiconductors, data showed on Wednesday.Outbound shipments reached US$21.39 billion in the Feb. 1-10 period, compared with $14.81 billion tallied a year earlier, according to the data from the Korea Customs Service, reports Yonhap news agency.Imports went up 21.1 percent on-year to $20.74 billion during the period, resulting in a trade surplus of $64 …
Washington, Feb 11 (IANS) President Donald Trump said the United States is allowing private companies to build their own power plants to meet what he described as massive electricity demand driven by artificial intelligence.In an interview with Fox Business’s Larry Kudlow, Trump said AI infrastructure requires unprecedented energy capacity.“AI, for whatever reason, needs massive amounts of electricity, right? More electricity than the entire country produces right now by double,” he said.T…