India
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Raphe mPhibr Raises $100 Million in India’s Largest Private Funding Round in Aerospace and Defence Sectors An Indian defence and aerospace startup, Raphe mPhibr, has raised $100 million in a new private funding round, which was the largest ever in India’s aerospace and defence sector. With this, the company’s total funding stands at $145 million. The money will go towards expanding aircraft design, engineering, and manufacturing facilities. Raphe mPhibr develops UAVs, including the mR10,… |
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Leumas Raises $2.2M to Expand Modular Robotic Factories for Pharma and Wellness A deeptech startup, Leumas, has raised $2.2 million in seed funding to expand its modular robotic manufacturing systems for the pharmaceutical and wellness industries. The company was founded in 2016 by Subhajit Biswas and Nitesh K and is headquartered in Bengaluru. The system uses AI, robotics, and vision-based quality control to enable flexible, traceable, on-demand production. Its… |
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Rare Earth Magnet Shortage Threatens Auto Production in India As reported in recent CNBC coverage, India’s automotive sector is bracing for potential production delays as a global shortage of rare earth magnets, critical for both electric vehicles (EVs) and traditional internal combustion engine (ICE) vehicles, has begun to put a strain on supply chains. China has control over 90% of the global supply of rare earth materials. The country’s priorities are… |
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Renesas Calms Fears Over Indian OSAT Project as Wolfspeed Faces Uncertainty Wolfspeed, a US-based silicon carbide (SiC) wafer maker, reported in an SEC filing that its ability to continue operations is in doubt, hinting at possible bankruptcy. Renesas Electronics of Japan has a $2 billion long-term agreement with the company for SiC wafer supply. Advance payments that have already been made towards this put Renesas at risk of financial loss. The Wolfspeed… |
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India to Launch First Locally Made Semiconductor Chip in 2025 India is ready to roll out its first homegrown semiconductor chip in 2025, Union Minister for Electronics and IT, Ashwini Vaishnaw, confirmed during the Confederation of Indian Industry’s (CII) Annual Business Summit. The development was made under a dedicated initiative launched in 2022. The chip will fall within the 28 to 90 nanometre (nm) range. The minister stated, “Today, six… |
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Hiranandani Group Announces Rs 28,440 Crore Semiconductor Project in Noida The Hiranandani Group, popularly known as a real estate company, has unveiled a Rs 28,440 crore investment towards semiconductor manufacturing. During the Invest UP roundtable held on May 27, 2025, at Mumbai’s Jio World Convention Centre, the announcement was made alongside a lot of other significant ones. Commitments adding up to around Rs 69,000 crore were made across different sectors in… |
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India Poised for Growth in Semiconductor Research as Manufacturing Lags Says MediaTek David Ku, MediaTek's Co-Chief Operations Officer, acknowledges India’s growth in semiconductor research and development while cautioning that the nation is still years from becoming a prominent semiconductor manufacturing hub. Speaking during a media interaction in Taipei, Ku drew attention to the steep learning curve and extended timelines tied to semiconductor fabrication. It typically takes… |
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TSMC Declines India’s Factory Proposal as Nation Launches 3nm Chip Design Centers Taiwan Semiconductor Manufacturing Company (TSMC), the global leader in semiconductor fabrication, rejected invitations to set up foundries in India, Singapore, and Qatar. Although the company did not share reasons, analysts point to the lack of a mature semiconductor supply chain. Historically, TSMC has leaned towards locations with a strong existing ecosystem and infrastructure. Even… |
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New Doors Open for Indian AI Startups as US Eases Chip Export Rules Thanks to a major policy change in the United States, Indian startups and researchers may soon find it easier to access cutting-edge AI hardware. The US government has officially scrapped the controversial AI diffusion rule introduced under the Biden administration. The rule was intended to limit China’s access to advanced AI chips, but the restrictions impacted friendly nations like India,… |
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Maharashtra Cabinet Approves Electric Vehicle Policy 2025 with Subsidies and Toll Waiver Benefits On Tuesday, the Maharashtra government announced the Electric Vehicle Policy 2025 with an allocated budget of ₹1,993 crore over the next five years. The initiative aims to promote the adoption of electric vehicles, reduce carbon emissions and support sustainable transport across the state. The Cabinet, led by Chief Minister Devendra Fadnavis approved the policy… |
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India Emerges as Apple’s Premier iPhone Manufacturing Hub to Diversify Supply Chain Apple has shifted a significant portion of its iPhone production to India, now accounting for 14% of global output and making India the largest manufacturing hub outside China. iPhone exports contribute nearly half of India’s $11.1 billion smartphone exports and supported $8 billion in Apple revenue for FY24 or 2% of global revenue for Apple in FY24. … |
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Union Minister Ashwini Vaishnaw Launches ECMS Portal, Urges Design Teams and Six Sigma Quality Ashwini Vaishnaw, Union Minister for Electronics and IT today launched the guidelines and online portal for the Electronics Component Manufacturing Scheme (ECMS), reinforcing India’s electronics manufacturing capabilities. The Union Cabinet approved ECMS on April 8, 2025. From May 1, 2025 companies can submit applications online under the defined segments. … |
