India continues to be a hotspot for global capability centres (GCCs) with 18 new GCCs being set up in the country in the first half of this calendar year (H1 CY23), according to the latest Nasscom-Zinnov report. The half-yearly report titled ‘India GCC Trends—Half-yearly Analysis H1 CY23’ aims to provide a snapshot of the half-year that was, while also showcasing the maturity of the established GCCs.

Publication: Business Standard

His comments come at a time when India is attempting to position itself as an alternative manufacturing destination to China and a supplier in global value chains amid geopolitical tensions that were leading to global companies shifting some of their manufacturing capacities out of the country.

Publication: Live Mint

Apple aims for a true black color rather than dark grey or blue. While not guaranteed to become products, it showcases Apple s creative exploration of design possibilities, suggested the report.

Publication: Live Mint

The Director General of Foreign Trade (DGFT) put the import of IT hardware, including laptops, PCs and servers, under the restricted category last month, calling for a licence. The notification, passed on August 3, was amended a day later, deferring implementation to November 1, giving the industry three months to recalibrate.

Publication: The Economic Times

Taiwan’s Foxconn and Franco-Italian STMicro are applying for state support for a 40-nanometer chip plant, people familiar with the matter said, asking not to be identified as the plan is not public. Such mature chips are used in cars, cameras, printers and a wide variety of other machines.

Publication: Business Standard

Foxconn Technology Group is teaming up with STMicroelectronics NV for a bid to build a semiconductor factory in India, seeking state backing to broaden its footprint in the country.

Publication: Hindustan Times

The effort has prompted US memory chip firm Micron Technology to announce a $2.75 billion assembly and testing facility in Gujarat. Any chip project, including Foxconn’s, will have to make detailed disclosures including whether it has firm, binding agreements with a tech partner.

Publication: The Times of India

Moreover, companies are wary of getting devices made by Chinese companies, fearing that their use may not be allowed by the government in future, said an executive at a global IT hardware company.

Publication: The Economic Times

Other chip related firms moving into India include Advanced Micro Devices Inc. and equipment maker Applied Materials Inc., which plan to spend $400 million each on R&D and engineering centers in the southern tech hub of Bengaluru. Foxconn, the leading contract manufacturer of electronics, already has an iPhone factory in Tamil Nadu, which employs 40,000 people.

Publication: Business Today

The move comes after Foxconn’s attempted partnership with billionaire Anil Agarwal’s Vedanta Resources fell apart after a year of little progress.

Publication: The Financial Express

The U.S. Commerce Department should end all technology exports to Huawei and China s top semiconductor firm following the discovery of new chips in Huawei phones that may violate trade restrictions, the chair of the House of Representatives committee on China said on Wednesday.

Publication: MoneyControl

In early August, the government announced that from November 1, 2023, import permits would be required to ship laptops, tablets, allinone personal computers (PCs), ultrasmall form factor computers and servers to the country.

Publication: Business Today

The real money gaming industry, which currently accounts for about 77 percent of India s overall gaming revenues, has been hit hard by this decision, since it will result in a significant tax burden on the companies.

Publication: MoneyControl

The (U.S.) controls are imposing high costs for producing controlled technologies in China, said Doug Fuller, a chip researcher at the Copenhagen Business School, adding that the Chinese government was likely footing the bill.

Publication: ET Telecom

Combined expertise of both organizations further accelerates UAE’s digital transformation, allowing public sector and regulated industries to securely take full advantage of the latest cloud and AI technologies.

Publication: ET CIO

Chinese auto chipmaker GTA Semiconductor recently completed a largely state-funded financing round worth over $1.8 billion, state-backed Securities Times reported on Wednesday, with the move described as a clear signal to the domestic chip manufacturing industry that Beijing is still willing to invest in it.

Publication: Business Standard

China is set to launch a new state backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals. It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund.

Publication: Business Today

ET reported on September 1 that the AllIndia Gaming Regulator (AIGR) Foundation is the fourth organisation that is in the process of filing an application with the ministry of electronics and information technology (MeitY) to be an online gaming SRB.

Publication: The Economic Times

A study by the Electronic Gaming Foundation in consultancy with the Indian Statistical Institute (ISI) has found that, despite a high tax rate, the players are optimistic about the potential of the online skill gaming industry in India. Skill gaming is a game in which the outcome is impacted by the player’s skill and not chance or luck.

Publication: The Pioneer

Enterprise software major Salesforce on Wednesday announced new Slack product innovations that bring powerful AI, automation and knowledge sharing into its intelligent productivity platform to boost productivity. Slack AI is built natively into Slack on its trusted foundation, grounded in a firm’s combined knowledge found in Slack, and easy to access in the flow of work.

Publication: DT Next

As we work with our customers, partners across SMBs (small and medium business) enterprises, the public sector, and even consumers, what we’re starting to see is that we are making a significant and real-world impact.

Publication: Business Standard