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Semicon co GlobalFoundries to launch R&D & testing facilities in Kolkata

Economic Times

Economic Times · 2m ago

Semicon co GlobalFoundries to launch R&D & testing facilities in Kolkata

GlobalFoundries, a leading US-based semiconductor firm, will launch its R&D and testing facilities in Kolkata by late August to early September, according to West Bengal's IT Minister, Babul Supriyo. This move aims to boost the local IT and semiconductor landscape while preventing talent migration from the state. GlobalFoundries, utilizing a 13,000 sq. ft space at the Software Technology Park, will begin with R&D, followed by a fabrication lab, creating substantial employment opportunities.

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Aerospace startup Sarla Aviation raises $10 million to build electric flying taxis

Economic Times

Economic Times · 7m ago

Aerospace startup Sarla Aviation raises $10 million to build electric flying taxis

Sarla Aviation, an aerospace startup, has secured $10 million in funding led by Accel to develop electric flying taxis. Notable angel investors like Binny Bansal and Nikhil Kamath participated. The funds will advance prototype development, establish R&D facilities, and expand the team. Aiming for a 2028 market launch, Sarla plans to tackle urban congestion and pollution. The first prototype, Shunya, will debut in January 2025 at a New Delhi expo.

Dell considering a fresh investment in Bengaluru, says Karnataka govt

Economic Times

Economic Times · 1y ago

Dell considering a fresh investment in Bengaluru, says Karnataka govt

Dell is exploring the possibility of making a new investment in its research and development center in Bengaluru, according to an official statement. The company has held meetings with the Karnataka government seeking support to overcome import restrictions on its Special Economic Zone (SEZ) operations. Dell already operates a significant R&D center in Bengaluru and operates around 25 manufacturing facilities worldwide, with 14 dedicated to R&D. The company is valued at $50 billion.

Deep-tech startup CastNX raises ₹ 23.22 cr from Arpit Khandelwal

Economic Times

Economic Times · 9m ago

Deep-tech startup CastNX raises ₹ 23.22 cr from Arpit Khandelwal

CastNX, a deep-tech startup in power electronics, has secured a ₹23.22 crore investment from Arpit Khandelwal and Plutus Investments and Holding Private Limited. This funding will accelerate CastNX's mission to develop energy-efficient and cost-effective power electronics solutions. The company has established itself as a leader in power electronics product development, with a diverse portfolio including VFDs for industrial applications, technology for aerospace engineering, and modules for green hydrogen extractors and EV charging stations. The investment will further enhance CastNX's R&D facilities, testing and prototyping capabilities, and manufacturing capacity.

California Democrats urge US president Joe Biden not to scrap chips R&D funding

Economic Times

Economic Times · 1y ago

California Democrats urge US president Joe Biden not to scrap chips R&D funding

California Governor Gavin Newsom and Senator Alex Padilla are urging the Biden administration to reverse its decision to cancel a subsidy program for semiconductor research and development facilities. The program, funded by the Chips and Science Act, was scrapped due to overwhelming demand for funding awards to subsidize chip production. Newsom and Padilla argue that without robust support for commercial R&D, the US risks losing global leadership in the semiconductor industry. They are calling on the Department of Commerce to reconsider its decision and invest in commercial R&D to support domestic semiconductor manufacturing.

Phot.AI raises $2.7 Mn to automate e-commerce creative design

Entrackr

Entrackr · 5m ago

Phot.AI raises $2.7 Mn to automate e-commerce creative design

Phot.AI, an AI-driven creative automation platform, has secured $2.7 million in a seed funding round led by Info Edge Ventures, with participation from Together Fund and AC Ventures. The funds will be used to expand the team, invest in R&D, and launch the much-awaited copilot. Phot.AI was co-founded in 2023 by Venus Dhuria, Aneesh Rayancha, and Akshit Raja, who previously built AppyHigh. Phot.AI automates creative design and marketplace listings for e-commerce, brands, and retail by using AI agents that learn which designs perform best. The platform reduces manual effort and costs by up to 80% and enables A/B testing of creatives, boosting conversions by 40%. Phot.AI supports product photography, image enhancement, and batch processing using Generative AI, with over 3 million sign-ups pre-launch.

EV startup River, battery firm IBC to invest in rural Bengaluru district

Economic Times

Economic Times · 1y ago

EV startup River, battery firm IBC to invest in rural Bengaluru district

Bengaluru-based electric vehicle startup, River, plans to invest Rs 400 crore in expanding its manufacturing and R&D facilities in Hoskote, Bengaluru. The investment will also be used to establish new stores and service stations in Karnataka. River has secured funding from several international investors, including Yamaha Motor Co and Toyota Ventures, raising a total of $68 million. Additionally, International Battery Company (IBC) has announced an investment of Rs 390 crore to manufacture primary cells and batteries in Devanahalli. These projects are expected to create over 13,000 jobs in the state.

PM Modi's Semicon India 2024 speech fuels rally in semiconductor stocks

Money Control

Money Control · 11m ago

PM Modi's Semicon India 2024 speech fuels rally in semiconductor stocks

The Indian government has partnered with 113 universities, academic institutions, and R&D organizations to develop a curriculum focused on semiconductors. Prime Minister Narendra Modi emphasized India's commitment to building and growing its semiconductor infrastructure during the Semicon India 2024 event. The government aims to increase the number of semiconductors produced in the country and develop a strong talent pool of 85,000 engineers and technicians. Industry executives have commended India's commitment and believe that the country is becoming a significant player in the semiconductor sector.

Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times

Economic Times

Economic Times · 1m ago

Semiconductor startup Netrasemi raises Rs 107 crore from Zoho, Unicorn India Ventures - The Economic Times

Netrasemi, a Kerala-based semiconductor startup, raised Rs 107 crore from Zoho Corporation and Unicorn India Ventures. Founded in 2020, the company develops edge AI system-on-chip (SoC) circuits for IoT applications, focusing on local data processing. Currently in its R&D phase, Netrasemi aims to launch its product by 2026. The funding will enhance R&D and manufacturing capabilities. Zoho supports the venture for its potential in domestic innovation and global product competitiveness.

Reliance is transforming into a deeptech company: Mukesh Ambani

YourStory

YourStory · 1y ago

Reliance is transforming into a deeptech company: Mukesh Ambani

Reliance Industries is undergoing a transformation into a deeptech company, according to Chairman Mukesh Ambani. At the conglomerate's annual general meeting, Ambani announced the launch of JioBrain, a suite of AI tools and platforms. Reliance plans to use JioBrain to drive AI transformation across its operating companies and eventually offer the AI service platform to other enterprises. The company also intends to build gigawatt-scale AI-ready data centers and establish multiple AI inference facilities in partnership with tech companies. Reliance invested over $1.5 billion in R&D in the past four years and aims to make homegrown AI applications more affordable and accessible.

Consumer Brands Should Prioritise R&D Over Marketing: Fireside Ventures co-founder

OutlookIndia

OutlookIndia · 4m ago

Consumer Brands Should Prioritise R&D Over Marketing: Fireside Ventures co-founder

Vinay Singh, co-founder of Fireside Ventures, emphasizes the importance of R&D for consumer brands, arguing that innovation should be prioritized over marketing. While some Indian D2C brands are exceptions with a strong focus on product innovation, most focus more on packaging and branding. Singh notes that high costs and VC pressures often deter extensive R&D investments. He suggests that government-private collaborations and a shift towards deeper consumer needs could enhance innovation and long-term brand value.

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