Tag: India semiconductor

  • India’s Semicon 2.0 Program Targets 200 New Chip Design Firms

    India expects around 200 chip design companies to emerge under its Semicon 2.0 programme as the government expands support for semiconductor design, manufacturing and research. Union Electronics and Information Technology Minister Ashwini Vaishnaw said the new companies could strengthen India’s domestic chip design base. The government is building on the first phase of the India Semiconductor Mission, which supports startups with design tools, funding and technical resources.

    Semicon 2.0 Targets Growth in India’s Chip Design Sector

    Vaishnaw said India’s existing strength in information technology and global capability centres is now extending into semiconductor design. “We estimate at least 200 chip design companies emerging under Semicon 2.0,” he said during a fireside chat.

    Under the first phase of the India Semiconductor Mission, the government focused on reducing the high cost of Electronic Design Automation tools. More than 105 chip design startups received access to advanced EDA tools, which companies use to develop, test and verify semiconductor designs.

    The government said 20 of these startups also secured venture capital funding. The funding has helped some firms move beyond early product development and work towards commercial applications. Semiconductor startups are also developing chips for use in different products.

    India has also expanded training for semiconductor professionals. Around 70,000 chip-design engineers have received training over the past four years, against a target of 85,000. The government expects this workforce to support chip design, research, manufacturing and related activities.

    Semiconductor Plants Begin Commercial Production

    India is also increasing domestic semiconductor manufacturing capacity. According to Vaishnaw, five of the 12 semiconductor plants approved under the first phase of the India Semiconductor Mission have started commercial production.

    The government is now focusing on applied research and development inside manufacturing plants. Vaishnaw said this work should improve product quality and manufacturing processes. The electronics manufacturing sector has also helped Indian micro, small and medium enterprises build precision manufacturing skills used across electronics, aerospace, defence and semiconductor production.

    The government is also working with companies on local production of critical semiconductor equipment and materials. Vaishnaw said Indian companies and overseas partners have started discussions and signed agreements related to machinery and key materials.

    He added that semiconductor production facilities will use water recycling systems to reduce fresh water use. The government is also encouraging data centres and manufacturing facilities to use closed-loop cooling systems where possible.

    Global Partners Explore Semiconductor Opportunities in India

    SEMICON India 2026 brought companies and government representatives from several major semiconductor markets together to discuss investment and supply-chain cooperation. Participants included companies from the United States, Japan, Singapore, South Korea, the Netherlands and Finland.

    “The country roundtables are basically showing that companies from those countries can expand their work here,” Vaishnaw said. He added that overseas governments were supporting companies that were exploring opportunities in India.

    The India-Singapore Country Roundtable attracted 142 participants and discussed manufacturing, advanced packaging and supply-chain management. The India-Europe session had 139 participants and covered investment, equipment, materials, manufacturing, chip design, research and talent development.

    Meanwhile, the India-South Korea Country Roundtable brought together 115 participants. Discussions covered semiconductor manufacturing, materials, advanced packaging, technology, investment and supply chains.

    Foreign Secretary Vikram Misri said resilient semiconductor supply chains require trusted international partnerships. He identified reliability, credibility, incentives and value creation as key areas for cooperation while calling for a balance between domestic capabilities and international partnerships.

    India’s Semicon 2.0 programme will now focus on expanding chip design, manufacturing, research, equipment production and skilled talent while bringing more domestic and international companies into the semiconductor ecosystem.

  • Daily Tech Roundup: SEMICON India 2026, AI Wealth Advisor, IOCL Exams, Crypto.com Expansion, and Oracle Layoffs

    Daily Tech Roundup: SEMICON India 2026, AI Wealth Advisor, IOCL Exams, Crypto.com Expansion, and Oracle Layoffs

    Good morning! Here’s your quick roundup of today’s biggest developments across semiconductor manufacturing, startup funding, government recruitment, crypto infrastructure, and corporate layoffs.

    What’s New Today

    Today’s roundup spans five distinct storylines shaping the tech and business landscape: PM Modi inaugurating India’s flagship semiconductor showcase in the capital, a London startup raising fresh funds for its AI-powered wealth advisor, Indian Oil releasing its exam schedule for hundreds of executive posts, Crypto.com and ZagTrader deepening institutional crypto access in the Middle East, and Oracle trimming its India workforce for the second time this year.

    Fast-Track Insights

    • SEMICON India 2026: Prime Minister Narendra Modi will inaugurate SEMICON India 2026 in the National Capital on Thursday, bringing together global chipmakers, policymakers and investors to showcase India’s shift from semiconductor policy to actual production.
    • Quartz AI Wealth Advisor: Quartz, a London-based startup that helps users manage investments and cut their tax liability, secured £2.75 million in pre-seed funding led by Daphni, with Outward VC and K Fund also participating.
    • IOCL Exam Date: Indian Oil Corporation Limited released its exam date notification for 470 executive posts across engineering, marketing, law and quality-control streams, with the CBT exam scheduled for 24 September 2026.
    • Crypto.com and ZagTrader: Crypto.com Exchange and ZagTrader expanded institutional access to digital assets by linking the Zag Financial Network with Crypto.com’s trading platform across the MENA region.
    • Oracle Layoffs in India: Oracle began a fresh round of layoffs in India on 14 September, with reports suggesting 1,000 to 1,500 employees, mostly mid-to-senior staff in web development, have been affected.

    India’s semiconductor leap: From policy to production powerhouse

    India is about to put its semiconductor ambitions on display — and this time, there is more than policy on the table. On Thursday, Prime Minister Narendra Modi will inaugurate SEMICON India 2026 in the National Capital, bringing global chipmakers, policymakers, investors and technology leaders together as India showcases an ecosystem that has moved from aspiration to actual production.

    Quartz nets £2.75M pre-seed from Daphni to build AI wealth advisor

    Quartz, the London-based startup that offers users advice on how to allocate their investments and reduce their tax liability, has secured £2.75 million in pre-seed funding, with Daphni as lead, alongside Outward VC and K Fund. Among the angel investors are Philippe Gelis, who co-founded Kantox and sold it to BNP Paribas for approximately €120 million in 2023, and Gilles BianRosa, who was previously the chief product officer at both N26 and Kraken.

    IOCL Exam Date 2026 Out, CBT Exam Scheduled on 24 September for 470 Executive

    Indian Oil Corporation Limited (IOCL) has issued an official exam date with the notification PDF (Advt. No. IOCL/CO-HR/RECTT/2026/01) on its official website at iocl.com. A CBT exam for 470 Executive posts across Grade A, Grade A0, and Grade E0 cadres in Graduate Engineers, Diploma Engineers, Marketing Officers, Law Officers, and Assistant Quality Control Officers (AQCO) streams is scheduled on 24 September 2026. Candidates who applied for the 470 executive posts can check their exam date, selection process, exam pattern, & syllabus here.

    Crypto.com Exchange and ZagTrader Expand Institutional Access to Digital Assets

    One of the world’s fastest and most secure platforms with deep liquidity and competitive fees, and ZagTrader, a recognized leader in capital markets infrastructure providing front-to-back trading technology to banks, brokers, and asset managers, today expanded institutional access to digital assets by establishing direct connectivity between the Zag Financial Network (ZagFN) and the Crypto.com Exchange trading platform in the MENA region.

    Oracle Layoffs in India: 1,500 Employees Reportedly Affected

    Oracle initiated another round of layoffs in India. The newest cuts began on Monday, September 14, and reportedly, this time, the most affected employees are mid-to-senior-level staff in web development and maintenance. According to reports, around 1,000 to 1,500 people are bidding goodbye this time. The figure is not verified or confirmed. The impact on Oracle Cloud Infrastructure teams in India is also still unclear. Some reports mentioned that senior employees at Oracle Financial Services Software were also impacted in the global restructuring of the workforce.