Dutch chipmaker Nexperia BV, said that it welcomed recent statements by the US and Chinese governments removing barriers to the company shipping its chips. The company said that its focus is on ensuring the stability of supply to customers. The…
Netweb Technologies on Saturday reported a 19.8% increase in net profit to Rs 31.4 crore for the September quarter. The company had posted a net profit of Rs 26.2 crore in the year-ago period, according to a regulatory filing.
The integrated facility, expected to be operational by 2027-28, will have a capacity of processing 60,000 SiC wafers annually and packaging about 9.6 crore units.
Urban Company, which went public in September, saw its operating revenue increase 37% year-on-year (YoY) to Rs 380 crore for the quarter ending in September. The company posted a net loss of Rs 59 crore compared to Rs 1.8 crore…
Anxiety over chip shortages began when the Netherlands invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is backed by the Chinese government.
Urban Company’s net loss widened to Rs 59 crore in the second quarter of FY25. This comes as the company saw a significant 37% year-on-year increase in revenue from operations. Revenue reached Rs 380 crore for the quarter. These financial…
A West Coast biotech entrepreneur says he’s secured $30 million to form a public-benefit company to study how to safely create genetically edited babies, marking the largest known investment into the taboo technology. The new company, called Preventive, is being…
Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn to borrowing to finance the expensive race to lead in artificial intelligence. The trend toward debt is new for internet giants long accustomed to having…
The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief Henna Virkkunen said.
Union minister of commerce and industry Piyush Goyal said the government remains committed to strengthening India’s deeptech ecosystem, enhancing ease of doing business, reducing compliance burden, and promoting innovation and entrepreneurship. Over 35 deep tech and semiconductor startups and over…