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The Latest Breaking News on Asian tech

India Wants To Become Chip-Making Hub But Local Production Still Lagging Behind

Currently, only 9% of the Indian semiconductor component consumption is met locally, according to global technology market research firm Counterpoint Research.

International Business Times

TSMC Solidifies Leadership on Foundry Market as Intel Jumps into Top 10

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

AnandTech

3 Chip Stocks Floating High on December Gains

The semiconductor industry’s outlook appears optimistic owing to extensive chip usage in several end-use applications, rapid adoption of the latest technologies, and growing government investments. Thus, it could be wise to invest in robust chip stocks Cirrus Logic (CRUS), Tower Semiconductor (TSEM), and Applied Materials (AMAT) this month for substantial…

StockNews.com

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India and U.S. can resolve differences, say Jaishankar, Finer

U.S. Principal Deputy NSA Finer visits India to review India-U.S. Initiative on Critical and Emerging Technologies (iCET). Discussed bilateral ties, regional/global developments, tech value chains, tech collaborations, and easing regulations. Aim to elevate bilateral strategic partnership and broaden scope of iCET.

The Hindu

Samsung to be among first with Meteor Lake laptop - tipped to launch Galaxy Book 4 on Dec 15

The Galaxy Book 4 is set to be one of Meteor Lake's early adopters, and AI is a big reason why.

Tom’s Hardware

Cirrus Logic (CRUS) vs. Lam Research (LRCX) - Pinning Down the Chip Stock Winner for December

As technology progresses rapidly, there is a notable surge in demand for increasingly sophisticated and efficient semiconductors. Amid this heightened demand, both Cirrus Logic (CRUS) and Lam Research Corp (LRCX) stand to benefit from industry tailwinds. However, which stock offers a more enticing investment prospect this month? Let’s find out….

StockNews.com

IT hub wears deserted look, public transport hard to come by, gig workers’ earnings hit

Tech companies in Hyderabad declared Thursday a holiday to facilitate voting; TCS, Wipro, new age firms cited govt. order; HYSEA encouraged employees to vote; IT employees had work-from-home option; Gig workers lost day's earnings

The Hindu

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Kerala Khadi to make official debut abroad this week

Kerala Khadi products to debut abroad at 'Keralotsavam' in Dubai. Khadi Board VP Jayarajan says sales expected to reach ₹150 crore this year. Board launching kits for Sabarimala pilgrims, Christmas/New Year rebate sales. Issues with online sales now sorted, Khadi products available on Flipkart. Steps taken to ensure only genuine…

The Hindu

Qualcomm (QCOM) vs. inTest (INTT) - Which Semiconductor Stock Holds the Edge in December?

As technology relentlessly advances, the demand for ever-more sophisticated and efficient semiconductors is set to experience significant growth. Amid such heightened demand, both QUALCOMM Incorporated (QCOM) and inTEST Corp (INTT) stand to benefit. However, which stock presents a more compelling investment opportunity? Let’s find out….

StockNews.com

Can Cirrus Logic, Inc. (CRUS) Capitalize on the Chip Industry Boom?

The semiconductor industry is beaming with possibilities in the digital era. Does that mean Cirrus Logic (CRUS), post its mixed quarterly results, is a buy? Let’s look at its financial metrics to know more….

StockNews.com

ED seizes ₹62.52 crore assets of Farmax India Ltd. under FEMA

ED seizes ₹62.52cr assets of Farmax India, its promoters, directors under FEMA. 23 immovable properties, equity shares, shares of MSR India Ltd attached. Inquiry initiated over alleged fraudulent issuance of GDRs, non-utilisation of proceeds.

The Hindu

Showcause notices issued to Byju’s operators

The statement came hours after, through its X handle, Byju’s denied media reports insinuating any FEMA violation on its part.

The Hindu

Stock Market Today: Microsoft Gains Boost Stock Market

The blue chip stock popped on news the software giant has snagged OpenAI's ousted CEO to help lead an advanced AI research team.

Kiplinger

Directorate of Enforcement attaches ₹ 757.77 crore worth properties of Amway India

ED attaches ₹757.77cr of Amway India's movable/immovable properties for allegedly running pyramid scheme. Complaint filed under PMLA 2002. Telangana Police had registered FIRs against Amway & its directors for cheating public by promising high commissions/incentives. ED investigation revealed MLM scheme instead of sale of goods & ₹2,859cr siphoned & parked…

The Hindu

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The Hindu

Sahara chairman’s death worries small time investors, who say their refund claims are being rejected on a government portal

The news of Sahara Group chairman Subrata Roy’s death earlier this week has worried lakhs of small time investors

Tom’s Hardware

U.S. Opens Criminal Investigation Into Applied Materials Shipments to China Chipmaker

Applied Materials is under U.S. criminal investigation for supplying advanced fab tools to China-based SMIC, according to report.

StockNews.com

Intel (INTC) vs. Taiwan Semiconductor Manufacturing (TSM) - Determining the Profitability of Chip Stocks

With the extensive use of chips in multiple applications and favorable government initiatives, the semiconductor industry is poised for robust growth and expansion. Chip stocks Intel (INTC) and Taiwan Semiconductor Manufacturing (TSM) will likely benefit from the industry tailwinds. However, which of these stocks is a more profitable investment. Read…

The Hindu

22 priority sectors identified for sustainable future of Kerala, says CM

Kerala govt. has identified 22 priority sectors to ensure sustainable future. CM Pinarayi Vijayan has implemented initiatives to create favourable environment for investments, reduce regulatory burden & promote economic growth. K-Swift & K-CIS have been introduced to streamline processes & eliminate corruption.

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The Hindu

Bengaluru’s Namma Metro: A leap in connectivity, but challenges remain

The Namma Metro project envisioned almost two decades before its launch, marked a significant leap in Bengaluru’s transport infrastructure. It was on October 20, 2011, that the first stretch (Reach 1 between Baiyappanahalli and M.G. Road) was opened. Today, it’s India’s second-longest operational network, covering 73.81 km, after the Delhi…

The Hindu

Chip off the block: On semiconductor fabrication in India

The constellation of PLI schemes for manufacturing semiconductors in India have little to show for the outflow

The Hindu

Government committed to providing youth with technical education, says Minister

Stressing on the importance of youth getting technical education and developing entrepreneurial skills, Higher Education Minister M.C. Sudhakar said that his government was committed to changing the State’s education policy so as to make it provide required technical education and develop entrepreneurship among the students.

The Hindu

India, Malaysia looking at reviewing 2011 trade pact: Malaysian Foreign Minister Kadir

India and Malaysia are firming up a framework to conduct trade in national currencies and review the 12-yr CECA to include new domains. EAM Jaishankar and Malaysian FM discussed ways to boost ties, incl. defence cooperation. India provided 170,000 metric tonnes of non-basmati rice to Malaysia. FM Kadir said ASEAN…

The Hindu

Karnataka Deputy CM wrote to Foxconn for its Hyderabad unit’s relocation to Bengaluru, alleges KTR

K.T. Rama Rao reveals D.K. Shivakumar wrote to Foxconn to consider relocating their unit from Hyderabad to Bengaluru. He warned that if people support Congress in Telangana, governance will be from Delhi via Bengaluru. Foxconn had agreed to set up unit in Hyderabad, with production to start in May, providing…

The Hindu

Ability of MSMEs to adapt to changing environment triggers innovation: Rajnath Singh

Small industries have been showing ability to adapt to the changes more easily than large industries and it is the adaptability of small industries which increases the possibilities of innovation, said Defence Minister Rajnath Singh on Thursday while inaugurating the ‘India Manufacturing Show’ in Bengaluru.

The Hindu

First edition of Kerala Retail Summit held in Kozhikode

MCC & RAI host 1st Kerala Retail Summit 2023 in Kozhikode to discuss reinventing retail biz. Kumar Rajagopalan, CEO, RAI, spoke of bridging digital-physical divide. M.A. Mehaboob, president of MCC, committed to nurturing prosperous & sustainable retail environment. T. Koshy, CEO - ONDC, spoke of transforming India's retail landscape. K.…

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