Better Artificial Intelligence (AI) Stock: AMD vs. Intel
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Technology firms will be given 50 per cent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.
This semiconductor company could witness a turnaround in its fortunes thanks to the proliferation of AI.
Microchip Technology is looking to step up its investments in India. The company is launching a USD 300 million multi-year investment initiative which includes funding for facilities, engineering labs and talent acquisition.
Microchip to invest $300 million to increase India operations - Arizona-headquartered semiconductor firm Microchip Technology stated a multi-year plan to invest approximately $300 million in increasing its...