Page 3 - Tech Sector

Lam Research plans semiconductor fabrication supply chain in India

Lam Research Corporation on Wednesday announced its plans to expand its global semiconductor fabrication equipment supply chain to include India. The company said it is assessing capabilities across various supply chain segments and is exploring India-based suppliers who can collaborate to fulfil the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment. The global semiconductor industry is expected to grow to 1 US dollar trillion in annual revenue by the end of this decade, according to experts," the NASDAQ-listed global semiconductor manufacturing equipment maker said in a statement. As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent, it said, adding, Lam has been operating in India for more than 20 years, benefiting from its prime location close to ...

Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4

This came after the company delivered a strong show in its January-March quarter results of financial year 2023-24 (Q4FY24) on Wednesday

Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024

The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors

AI inside: Tech simplifies and automates routine work for IT firms

AI can be used in a variety of functions: From HR management to sales and coding. Senior executives say companies must continuously train employees in the technology and keep them skilled

To fund artificial intelligence boom, technology plans plumbing upgrade

The money being thrown at technology to support artificial intelligence is also a reminder of spending patterns of the dot-com boom of the 1990s

Google carries out fresh round of layoffs in an attempt to cut costs

The layoffs come during a period of sluggish hiring across the tech sector

31% of women in tech considering quitting their jobs, shows survey

Poor management, lack of training and want for better compensation are the main reasons they want to leave their organisations

Q4 Preview: TCS to lead IT pack; may see upper single digit rise in profit

Reversal of furloughs and incremental contribution from the BSNL deal and other deals will fuel the revenues

IPEF to organise clean economy investor forum in Singapore in June

The department has invited applications from domestic climate and tech entrepreneurs for participation in the meeting

Metastable Materials plans to expand high-yield battery recycling capacity

Founded in October 2021, the company's current manufacturing facility, located in Bangalore, holds a capacity to extract 5 tonnes of materials per day

Big Four accounting firms escalate hiring of techies amid digital focus

Areas such as AI, cloud computing, data analytics and cybersecurity see 'significant hiring'

India to create 24 mn tech-savvy manpower for global markets: Foundit CEO

India is set to create 24 million tech-savvy skilled manpower for the global market in the next 3-5 years, according to Sekhar Garisa, CEO of Bengaluru-based Foundit, a job placement platform. Foundit is already working with 90 million registered jobseekers, 70 per cent, or 63 million, of whom are from Indian technology institutes, he said at the launch of the next-generation recruitment solution app in Singapore on Wednesday evening. "India remains one of our biggest sources of skilled manpower, especially the Indian technology institutes," he said. "Currently, 60 per cent of our job arrangements are in India, followed by 35 per cent in Southeast Asian countries and 5 per cent in the Middle East," he said. Over the next 3-5 years, the target is to create a database of 600 million skilled people from global talent hunt, 80 million of which will be from India, including the current 56 million or so, he estimated. Formerly known as Monster, Foundit was rebranded in 2022 with a focus

Policy stability important for semiconductor industry to flourish: Micron

Micron is investing the $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years

Tech cos in India hope for chunk in $300 bn global AI market by 2027

The country has several advantages, including one of the world's largest pools of IT and engineering talent and a fast-growing domestic market, they concluded

Two of every three CXOs say GenAI will have existential impact: EY

The study also says that GenAI can provide value-uplift for internal support functions of tech companies

India closes in on Vietnam for tag of 'alternative to China' in tech sector

Owing to the persistent strain in US-China relations, Chinese supply chains have been looking at moving out of their country to locations which the US considers to be 'friendly'

Data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidia's artificial intelligence chips H100 and GH200 and will be placed by March 2025

2023 sees 15% more start-up/ tech layoffs than 2022, majority in edtech

On average, at least 45 people lost their jobs daily based on data collated by the website. This is 15.3 per cent higher than the 14,224 layoffs recorded in the previous year

Tech transfer, finance for energy transition still a challenge: Min Yadav

Technology transfer and finance for low-carbon transition of hard to abate sectors like iron, steel, cement, and transport remains a challenge, Environment Minister Bhupender Yadav said at the UN climate talks on Sunday. Addressing an event, he said the global industrial landscape has seen a significant shift since the launch of LeadIT, an initiative focusing on low-carbon industrial, in 2019. "However, the real transition challenges of technology transfer and finance are yet to be addressed," he said. Yadav emphasised collaborative international mechanisms to tackle challenges, particularly barriers like intellectual property rights for technology transfer. He described the India-Sweden LeadIT partnership as an alliance to address the climate crisis and harmonise industries with the environment. The minister encouraged stakeholders to collaborate on innovation, technology, and collaboration to build a sustainable, inclusive industry for the future. Swedish Minister of Climate an

30-plus countries to participate in Bengaluru Tech Summit starting tomorrow

The Karnataka government's annual global Bengaluru Tech Summit (BTS) will begin on Wednesday, bringing together tech leaders, startups, investors and research labs from 30-plus countries. Organised by the Karnataka's government's Department of Information Technology and Biotechnology along with the union government's Software Technology Parks of India, the three-day 26th BTS, with the theme 'Breaking Boundaries', will be inaugurated by Chief Minister Siddaramaiah at Palace Grounds here. Kazakhstan's Minister of Digital Development, Innovations and Aerospace Industry Bagdat Mussin and Semiconductor company AMD's EVP & CTO Mark Papermaster will be among the VIP dignitaries present at the inauguration. A recorded message from Finland's Minister of Science and Culture Sari Multala as well as one from Germany's Minister of Digital Affairs and Transport Volker Wissing will be relayed at the opening event. Key figures from Indian industry, including Rishad Premji, Executive Chairman of .