market insights
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Mahindra Unveils New Advanced EV and Battery Manufacturing Facility at Chakan Mahindra has launched a dedicated electric vehicle (EV) and battery assembly facility at its Chakan manufacturing hub near Pune. This advanced facility spread over 88000 m² and it is fully automated and includes modern technologies like AI systems, Industry 4.0 tools and over 1000 robots. The plant operates entirely on renewable energy and targets a 25% gender… |
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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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NVIDIA Launches Advanced Innovations at Consumer Electronics Show (CES) 2025 At CES 2025, NVIDIA showcased its latest advancements in AI, robotics and graphics processing including the new GeForce RTX series, world-class foundation models and advanced platforms for robotics. With a strong focus on enhancing performance and expanding AI capabilities, NVIDIA revealed innovations that are set to transform industries ranging from gaming to… |
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NASA Introduces Mars Chopper to Expand Mars Exploration Following Ingenuity's Success NASA has revealed the Mars Chopper, an advanced aerial vehicle designed to take Mars exploration to new heights. This innovative drone follows the success of Ingenuity, the first helicopter to achieve powered flight on the Red Planet. Developed in collaboration with NASA's Jet Propulsion Laboratory (JPL) and Ames Research Center, the Mars Chopper is designed to… |
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Coimbatore Advances EV Sector with New Testing and Training Facility by SITARC The Scientific and Industrial Testing and Research Centre (SITARC) in Coimbatore is gearing up to establish a state-of-the-art electric vehicle (EV) testing and training facility. Minister V. Senthil Balaji recently laid the foundation for this ₹9.97 crore initiative aimed at supporting Micro, Small and Medium Enterprises (MSMEs) in transitioning to EV manufacturing… |
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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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Samsung Loses Qualcomm Contract to TSMC for Snapdragon 8 Elite Gen 2 Chips Samsung has faced a major setback as it has lost the contract to manufacture Qualcomm’s flagship Snapdragon 8 Elite Gen 2 chip. Qualcomm has decided to give the entire production to Taiwan Semiconductor Manufacturing Company (TSMC). This decision has further strengthened TSMC’s position as a leader in advanced semiconductor manufacturing. Qualcomm's choice shows its preference for… |
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The Future of Semiconductor Design: Trends Shaping the Next Decade Pankaj Panjwani, CEO and Founder of KeenSemi, brings over 25 years of experience in semiconductor design, leading successful projects across domains like Physical Design, Machine Learning, Functional Verification and SoC/ASIC design. In 2016, he founded Keenheads to provide high-value semiconductor design services specializing in areas such as FPGA, embedded design… |
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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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India Currently Has 25,202 Public EV Charging Stations, Says Minister Bhupathiraju Srinivasa Varma India has reached an important milestone in its electric vehicle (EV) transition, with 25,202 public EV charging stations are now in operation. This achievement comes as a result of the government’s ongoing efforts to promote electric vehicles and enhance the necessary infrastructure. The update was shared by Bhupathiraju Srinivasa Varma, Union Minister of State for… |
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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… |
