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Indonesia, with a population of more than 270 million, accounted for nearly $52 billion worth of e-commerce transactions last year, according to data from consultancy Momentum Works.
IQE offers GaN Power electronics which aims to serve power hungry AI infrastructure as the likes of generative AI ChatGPT consumes a lot more energy.
1Bridge also announced an equity funding of Rs 4 crore from C4D Partners, Sudhanva Dhananjaya Family Office and other angel investors in a bridge round, as a run-up to its larger Series A capital raise of Rs 40 crore, the company said in a statement.
The assistant, called Einstein Copilot, can summarize video calls, deliver personalized answers to customer questions and generate emails for marketing campaigns, among others, the company said ahead of its Dreamforce conference this week.
The company's Singapore operations, which serve 200 clients worldwide, also include two other fabs that produce 720,000 300mm wafers and 692,000 200mm wafers a year respectively. The chips are used in cars and 5G technology.