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Larsen And Toubro: L&T to foray into fabless semiconductor chip design, to invest Rs 830 crore to set up unit, ET Telecom

Larsen And Toubro: L&T has approved an investment of Rs 830 crore to set up a wholly-owned subsidiary that will be engaged in the business of fabless semiconductor chip design and product ownership and not manufacturing, said L&T chief financial officer, R Shankar Raman.
Tr Shankar Raman Shankar Raman It Technology Services Ts Segment Urban Transit Managing Director Benchmark Sensex

L&T to foray into fabless semiconductor chip design, to invest ₹830 crore to set up unit

L&T has approved an investment of Rs 830 crore to set up a wholly-owned subsidiary that will be engaged in the business of fabless semiconductor chip design and product ownership and not manufacturing, said L&T chief financial officer, R Shankar Raman.
Tr Shankar Raman Shankar Raman It Technology Services Ts Segment Urban Transit Managing Director Benchmark Sensex

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Dutch chip tech giant ASML posts sales dip, eyes bright future

Dutch tech giant ASML Wednesday posted slightly weaker sales and profits in the third quarter compared with the previous three months, amid a growing semiconductor trade spat between the West and China.Third-quarter sales came in at 6.673 billion euros, down from 6.902 billion euros in the second quarter of the year, while net profit was 1.893 billion euros, compared to the 1.942 billion euros booked in the second quarter.
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Source: yahoo.com

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