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New Delhi’s big plan to become a chip powerhouse

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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.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Financial stress deemed a leading cause of relationship breakdowns

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

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