Investment
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RRP Electronics Partners with Deca Technologies to Boost Semiconductor Packaging in India RRP Electronics, backed by cricket legend Sachin Tendulkar has partnered with Deca Technologies, a US-based leader in semiconductor packaging. This collaboration aims to strengthen India’s semiconductor manufacturing capabilities by integrating Deca's Wafer-Level Chip Scale Packaging (WLCSP) and M-Series Fan-Out Wafer-Level Packaging (FOWLP) technologies into RRP… |
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Microsoft to Invest $3 Billion in AI and Cloud Infrastructure in India Microsoft CEO Satya Nadella has announced that the company will invest $3 billion in India to enhance its AI and cloud infrastructure. This investment highlights Microsoft's commitment to India's growing role in the global tech landscape. The funds will be directed toward building new data centers and strengthening AI capabilities across various industries. Nadella stated that this would be… |
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Polymatech Announces Second Semiconductor Plant in Chhattisgarh Polymatech Electronics has announced the launch of its second semiconductor manufacturing plant in Atal Nagar-Nava Raipur, Chhattisgarh. The announcement was made during the Chhattisgarh Investor Connect 2024 event held in New Delhi. This new facility will focus on producing Gallium Nitride (GaN) semiconductor chips and advanced packaging for 5G and 6G telecom base… |
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Proxgy Secures $3 Million in Series A Funding with Ajinkya Rahane's Investment Proxgy, a deeptech startup based in Gurugram, has successfully secured $3 million in Series A funding. The round was led by Ajinkya Rahane, one of India’s well-known cricketers, who joined the investment alongside several other high-profile figures including Nikhil Kamath, Bollywood actor Suniel Shetty, industrialist Vinod Duggar and Manish Patel, a partner at CMG… |
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Karnataka Approves Nine Industrial Projects Worth ₹9,823 Crore, Creating Over 5600 Jobs Karnataka has approved nine major industrial projects worth ₹9,823.31 crore during the 64th State High-Level Clearance Committee (SHLCC) meeting, led by Chief Minister Siddaramaiah. These projects are expected to generate over 5,600 job opportunities across the state, highlighting the government's commitment to industrial development. … |
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Mindgrove Technologies Raises $8 Million for Chip Development and Expansion Mindgrove Technologies, a Chennai-based fabless semiconductor design startup has raised $8 million in its Series A funding round. The round was co-led by Rocketship.vc, Speciale Invest and additional participation from Mela Ventures, Peak XV Partners, Whiteboard Capital, Nishchay Goel and new investor Anshul Goel. This new funding will help the company to accelerate… |
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embedUR Systems Partners with Synaptics Inc for AI Solutions in India US-based embedUR Systems has teamed up with Synaptics Inc., a Nasdaq-listed semiconductor company, to offer affordable AI-powered edge solutions in India. This partnership aims to meet the growing demand for smart technologies in areas like smart homes, medical monitoring, manufacturing and driver assistance systems. With embedUR’s Chennai-based team and global semiconductor expertise of… |
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C-DOT Partners with Silizium Circuits to Develop LEO Satellite Components in India The Centre for Development of Telematics (C-DOT), India’s leading telecom research and development organization has partnered with semiconductor startup Silizium Circuits to advance the development of Low Earth Orbit (LEO) satellite components. This agreement, signed under the Telecom Technology Development Fund (TTDF) scheme focuses on creating indigenous… |
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India Started its Semiconductor Journey with SCL in 1984, even before TSMC was set up – What went Wrong? In 1984, India laid the foundation for its semiconductor dream by establishing Semiconductor Complex Limited (SCL) in Chandigarh. This bold move came three years before Taiwan’s TSMC, now a global leader in semiconductor manufacturing, was even founded. With strong engineering talent and a growing electronics market, India seemed poised to become a major player in… |
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SolarSquare Raises $40 Million to Drive Residential Solar Adoption in India SolarSquare, a Mumbai-based solar installation startup, has raised $40 million in a Series B funding round with Lightspeed Venture Partners leading the investment and additional support from Lightrock, Elevation Capital and other investors. Founded in 2015, SolarSquare specializes in residential solar installations and has already helped over 20,000 homes and 200… |
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Silicon Labs Partners with GITAM University to Set Up an IoT Innovation Centre Silicon Labs, a prominent semiconductor design and manufacturing company based in the USA has partnered with India’s Gandhi Institute of Technology and Management (GITAM) University to establish a Centre of Innovation in the Internet of Things (IoT). The lab will be equipped with advanced hardware and software tools, aiming to promote innovation in connected… |
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Suchi Semicon Inaugurates Semiconductor Plant in Gujarat with $100M Investment Plan in Next 3 Years Suchi Semicon, a Gujarat-based company, has officially inaugurated its semiconductor manufacturing plant, marking a significant milestone for India’s semiconductor industry. The company, founded by Ashok Mehta, has decided to commence production without waiting for central government incentives. It has announced an ambitious investment plan of $100 million (around ₹… |
