Monthly Archives: July 2022

Government Approves Proposed Investments Worth Rs. 86,824 Crore for Electronics Manufacturing

The electronics and IT ministry has approved 314 applications with proposed investments worth Rs. 86,824 crore under a modified special incentive package scheme for electronics manufacturing. The government has also come up with the production-linked incentive schemes in an attempt to woo global mobile device makers.Read More

MediaTek Plans to Open New Design Centre in the US With $1.4 Million Aid From the State

MediaTek, the world’s fourth largest chip designer by revenue, plans to create a new design centre in US’ Indiana in partnership with Purdue University. While there is no clarity on how much the company would invest in its first Midwestern design hub, MediaTek said it will receive $1.4 million from the state for the centre.Read…

Semiconductor Shortage Led to Record Wire Fraud Cases Faced by Desperate Buyers: Report

A recent report from ERAI concluded that in 2021, there were 101 wire fraud cases reported to the US-based firm, up from 70 in 2020. Companies looking for chips they could not find through authorised and vetted distributors were trying to buy them from shadier brokers and transferring funds for goods that never got delivered, ERAI…