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India developing very strong semiconductor industry; first made-in-India chip in December: Ashwini Vaishnaw

Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. ....

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Cabinet approves India-Europe initial pact to boost semiconductor sector

The cabinet approved an initial pact between India and the European Union to boost cooperation for semiconductor research. The Memorandum of Understanding was signed on November 21, 2023, between India and the European Commission. The pact aims to boost the resilience of the semiconductor value chain in India and the EU. It covers cooperation in research, innovation, talent development, partnerships, and market information exchange. India s Ministry of Electronics and Information Technology is actively fostering a conducive environment for electronics manufacturing. ....

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N. Korea risk, earning shocks cause Seoul's stock market to stumble

Korean stocks have been performing sluggishly since the beginning of the year after advancing about 5 percent in December alone on the back of the U.S. central bank’s dovish shift in its monetary policy. ....

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