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…

Google Pixel 7 Series May Get 4K Selfie Video, Google Camera 8.5 APK Teardown Tips

Latest version of the Google camera app for Pixel phones suggests camera features of upcoming Google Pixel 7 series phones and Pixel tablet. The Google Pixel 7 and Pixel 7 Pro phones will reportedly come equipped with new selfie cameras that are capable of recording 4K video. The upcoming Pixel Tablet could feature a single…

Micron Forecasts Q4 Earnings Below Expectations, Raises Concern About Chip Down Cycle

Micron announced a significantly weaker than expected business outlook on Thursday. The company forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 crore). This has raised concern that following nearly two years of strong demand, the industry was turning towards a down…