It is vital for US national security interest to ensure that China does not acquire sole control of the global semiconductor supply chain, Ramaswamy said in a statement on Sunday amidst increasing tension with China on the Taiwan issue.

Technology giant Huawei Technologies has partnered with Chinas premier chipmaker Semiconductor Manufacturing International (SMIC) to use an advanced 7nanometer processor for its latest flagship smartphone, the Mate 60 Pro. The revelation comes from a teardown report conducted by the analysis firm Tec Insights, underscoring China s progress in developing a domestic chip ecosystem.

Embattled Chinese telecommunications giant Huawei Technologies on Sunday (Sep 3) officially kicked off online sales for its latest highend flagship Mate 60 Pro, triggering widespread speculation on how the made in China 5G capable chipset was made despite strict U.S. trade sanctions.

unveiled the Mate 60 Pro, and its new phone that has sparked discussions about chip technology and China s ability to bypass the restrictions imposed by the US, as the phone maker built a 7nm chip for its phone.

Decision to Quit Early Not Taken under Any Pressure Uday Kotak stepped down as MD and CEO on Saturday from an institution that he founded 38 years ago, well ahead of the end of his term, causing anxiety among businesses and investors In an interview with MC Govardhana Rangan.

This year alone saw IT exports to the tune of USD 53 billion. 3.95 lakh crore rupees in Indian terms. Bengaluru has a very important role in this. It is known as the biggest Tech Hub of the country. Bengaluru s share of the country s total IT exports is 38 percent. It is worth 45 billion dollars. 10 lakh people are getting employment directly and 30 lakh people indirectly.

As India hustles to get its $10 billion semiconductor subsidy plan off the ground, the government is focused on microchips from an economic perspective producing these would save India valuable forex and provide jobs to youth. At the same time, semiconductor technology has become a geopolitical minefield.

SX8P gained 0.5 per cent as shares of Dutch semiconductor equipment maker ASML ASML.AS rose 0.8%. Miners .SXPP finished up 0.6% after rising nearly 2% intraday, as iron ore futures rallied on optimism over top steel producer China s policy support for its struggling property sector.

Indian IT and tech trade body Nasscom announced the appointment of Rajesh Nambiar, Chairman and Managing Director, Cognizant India, as its new Chairperson. On his appointment, Nambiar said, I am honored and humbled to support the Nasscom Executive Council as its Chairperson and look forward to working with all its stakeholders to continue to strengthen India s leadership as the most trusted tech partner for the world.