Indian Government Met Foxconn, Samsung Electronics, Others to Discuss PLI Scheme

Indian Government Met Foxconn, Samsung Electronics, Others to Discuss PLI Scheme

The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India’s Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were…

Activision Blizzard to Set Up Shop in Barcelona Following EU’s Approval for Microsoft Acquisition

Activision Blizzard to Set Up Shop in Barcelona Following EU’s Approval for Microsoft Acquisition

Activision Blizzard said its studio that developed Call of Duty would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft‘s $69 billion (nearly Rs. 5,66,000 crore) acquisition of the company in May. The US company said on Wednesday its game developer Infinity…

Nvidia, AMD, Other US Chipmakers Face Fall in Shares as US Plans Curbs on Export to China

Nvidia, AMD, Other US Chipmakers Face Fall in Shares as US Plans Curbs on Export to China

Shares of US chipmakers fell on Wednesday following a report that the Biden administration was planning new curbs on export of computing chips for artificial intelligence to China as early as July. Companies such as Nvidia, Advanced Micro Devices and Intel, which rely on the world’s second largest economy for…

Micron Signs MoU With India to Build First Semiconductor Plant in Gujarat

Micron Signs MoU With India to Build First Semiconductor Plant in Gujarat

US memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country. Micron said last week it will invest up to $825 million (nearly Rs. 6,850 crore) in the facility. With support from the…

Fire-Boltt Grenade Smartwatch With 1.39-Inch LCD Display, Bluetooth Calling Support Launched in India: Details

Fire-Boltt Grenade Smartwatch With 1.39-Inch LCD Display, Bluetooth Calling Support Launched in India: Details

Fire-Boltt Grenade smartwatch was launched in India as the latest affordable wearable device from the company. The smartwatch sports a 1.39-inch display with a resolution of 360×360 pixels, Bluetooth calling support. It is equipped with sensors for heart rate, sleep, and SpO2 level monitoring. It is also claimed to offer…

Among Us Animated Series in Development at CBS Studios With Infinity Train Creator Owen Dennis

Among Us Animated Series in Development at CBS Studios With Infinity Train Creator Owen Dennis

Among Us, the pandemic-era video game sensation, is getting an animated series adaptation. As per Variety, CBS Studios has partnered with indie developer Innersloth to bring the series to a mainstream audience. Owen Dennis, the animator-artist best known for Infinity Train, will act as the creator and executive producer of…

US Considers New Regulations on Export of AI Chips to China: Report

US Considers New Regulations on Export of AI Chips to China: Report

The United States is considering new restrictions on exports of artificial intelligence (AI) chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares of Nvidia fell more than 2 percent, while Advanced Micro Devices (AMD) fell about 1.5 percent on the news in…

E-Commerce Majors Amazon, Flipkart Welcome to Join Network, Says ONDC Head

E-Commerce Majors Amazon, Flipkart Welcome to Join Network, Says ONDC Head

E-commerce majors such as Amazon and Flipkart have been invited to join India’s digital public infrastructure Open Network for Digital Commerce (ONDC), said the network’s Chief Executive Officer T Koshi. In an interaction with ANI, Koshi said it invited them and they were welcome to the network. “They are looking…