Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

New Delhi’s big plan to become a chip powerhouse

Published

on

global chip shortage

Semiconductor chips are tiny pieces of computer hardware that play a vital role in everything from mobile phones to militaries.

They are also central to Delhi’s plan to turn India into a global technology powerhouse.

Delhi has invested billions of dollars in subsidies and infrastructure projects to create a domestic chip-manufacturing industry. The government also offers incentives to foreign companies that set up chip-making facilities in India. But so far, the country has failed to produce a single world-class chipmaker.

Despite the challenges, Delhi is pressing ahead with its plans.

The government is investing $6 billion in a new National Semiconductor Laboratory, which is due to open in 2021.

Cutting edge tech

The lab will be equipped with cutting-edge facilities for developing and testing chips.

Delhi is also working on a $770 million semiconductor Fab Park, which will provide cleanroom space and other infrastructure for chipmakers.

The first phase of the park is due to open in 2021, with the second phase expected to be completed by 2025.

The government is also subsidizing the construction of new chip-making facilities by Indian companies.

In 2018, it committed $1.6 billion to help Hindustan Semiconductor Manufacturing Corporation build a new factory near Chennai. The facility is expected to be operational by 2022.

Delhi’s ambitious plans have yet to bear fruit, but the government is committed to creating a world-class semiconductor industry in India.

With billions of dollars of investment and a host of incentive programs, it may only be a matter of time before the country produces its first world-class chipmaker.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

on

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

on

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

on

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now