New Delhi, Feb 4 (IANS) Government has approved 10 projects currently in various stages of pilot production, with envisaged investments of about Rs. 1.6 lakh crore and four having started production, Union Minister of State for Electronics and Information Technology Jitin Prasada said in a written reply in Lok Sabha on Wednesday.The approved projects include two fabs and eight packaging units such as CMOS (silicon) fabs, a silicon carbide fab, advanced packaging and memory packaging units. As ma…
Latest Sintered Rare Earth Permanent Magnets News & Updates
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday unveiled a significant initiative designed to reshape India’s engagement with critical minerals.FM Sitharaman declared that the government will extend support to the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing specialised rare earth corridors.These corridors are envisioned as comprehensive hubs that will encompass the entire value chain of rare earth development—spanning mining, pr…
Davos, Jan 21 (IANS) IBM Chairman and CEO Arvind Krishna has urged Indian entrepreneurs to build local capabilities across semiconductors, model development and real‑world applications to build stronger “AI sovereignty” in India.Speaking at the World Economic Forum (WEF) annual meeting in Davos, Krishna said smaller, specialised AI models are rapidly closing the gap with large foundational models and now account for nearly 95 per cent of consumption.“The underlying ecosystem whether it’s…
New Delhi, Jan 13 (IANS) The global semiconductor revenue reached $793 billion globally in 2025, marking an increase of 21 per cent year‑on‑year, a report said on Tuesday.The report from tech research company Gartner said that AI semiconductors — including processors, high‑bandwidth memory and networking components — drove the growth and accounted for nearly one‑third of total sales in 2025.“This domination is set to rise as AI infrastructure spending is forecast to surpass $1.3 tr…