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Union Minister Ashwini Vaishnaw on Saturday stressed the need for India to make its own machinery and high-precision components for semiconductor production, as the Centre works to build a robust domestic ecosystem for the sector. Vaishnaw, Union Minister for Electronics and Information Technology, Information and Broadcasting, and Railways, made the remarks during a visit to the Ethereal Machines facility in Bengaluru, the PIB in Karnataka said in a post on X. He said the Centre, under Prime Minister Narendra Modi, was firmly committed to building a robust semiconductor ecosystem in the country. "In the spirit of 'Atmanirbhar Bharat', as envisioned by Prime Minister Narendra Modi, it is important that India develops and manufactures its own machines and high-precision components required for semiconductor manufacturing," he said. The Ethereal Machines facility was playing an important role in this direction by producing advanced machinery and high-precision components, he said.
Nvidia CEO Jensen Huang's stunning resignation has sent ripples through the global technology industry, with rival chipmakers itching to take advantage of the uncertainty and others wondering if the downfall of one of AI's biggest cheerleaders will dampen the mood around the civilisation-altering technology. Huang, who stepped down Thursday following reports of extramarital affairs, including with a suspected Chinese spy, was the very public face of a company that dominates the market for computer chips used to train and run AI models. In March, Huang predicted Nvidia will be grappling with a USD 1 trillion backlog in orders for its chips by the end of the year, doubling his estimate from a year earlier. A linchpin of the AI boom, Nvidia trades off with Apple as Wall Street's most valuable company and has invested heavily in other AI firms. Some of Nvidia's biggest rivals, such as Broadcom, Intel and Advanced Micro Devices, saw their shares advance Thursday following Huang's departu
Megaspeed, the Singapore-headquartered tech company at the center of Nvidia CEO Jensen Huang's scandal, pledged Thursday to cooperate with investigations into concerns over risks to US national security. In its first statement since Huang admitted to having an affair with a Chinese woman and former executive of the company, Megaspeed said Thursday that it takes its obligation to comply with US export control laws "extremely seriously." "Megaspeed is committed to working constructively and transparently with the U.S. government." Nvidia's board of directors was reported to be meeting to discuss Huang's situation but there was no word on any outcome from those discussions.