Goods and services tax (GST) revenue maintained the recent robust pace of growth, rising 11% from a year earlier to 1 65 lakh crore in July, showed data released on Tuesday India could consider allowing Tesla s foreign vendors.

Syrma SGS Technology, a leading provider of electronics system design and manufacturing services, said on August 1 its profit after tax climbed 65 percent to Rs 28.3 crore in the first quarter from the yearago period. Consolidated total revenue was at Rs 623.4 crore, up 59 percent YoY, primarily driven by automotive, consumer and industrial segments.

SoftBank Group Corp.’s semiconductor unit Arm Ltd is targeting an initial public offering (IPO) at a valuation of between 60 billion and 70 billion as soon as September, a sign of bullish interest in artificial-intelligence chips, according to people familiar with the matter.

Purdue University is set to offer semiconductor programmes for Indian students and professionals from next year. An upskilling and training programme, the duration of which will be between 6 and 12 months, will be rolled out in partnership with the India Semiconductor Mission (ISM).

In an interview, Papermaster said that most of the investment will go towards setting up the R&D centre in Bengaluru, which will be the largest for AMD worldwide, and hiring 3,000 engineers by 2028. He said that steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.

Recently, a report by the Semiconductor Industry Association (SIA) and Oxford Economics said that the semiconductor industry in the US could face a shortage of 67,000 workers by 2030.

India Electronic and Semiconductor Association (IESA) signed two Memorandums of Understanding (MoU) with the state of Gujarat and Uttar Pradesh to support the semiconductor ecosystem in India on the sidelines of Semicon India 2023.

Taiwanese firm Foxconn will invest US 600 million in two manufacturing projects in Karnataka, including one which will be a partnership with U.S. based Applied Materials, a state government statement said, as reported by Reuters.

Delhi Skills and Entrepreneurship University (DSEU) has launched two short term certificate courses for the electronics system design and manufacturing (ESDM) sector in collaboration with Elios Healthcare. The certificate courses will be available from this academic session.

India will need 12 lakh manpower in semiconductor related industries by 2032, according to a report by the Semicon India Future Skills Talent Committee set up in August last year The committee.

Scaling its bet on Karnataka, Taiwanese electronics manufacturer Foxconn has filed a letter of intent (LoI) with the state government for two more projects with an estimated investment of Rs 5,000 crore, large and medium industries minister MB Patil said on Wednesday.