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Srinivasan believes that although the semiconductor sector is restricted to large enterprises like Taiwanese electronics manufacturer Foxconn, a wider ecosystem will eventually develop in India. It may take time but that is a huge ecosystem and we are closely watching it. It would definitely be one of the areas we would like to get into, said Srinivasan.

Rising bets that Nvidia’s revenue target will once again surpass Wall Street estimates have lifted the stock about 19% from a two-month low hit last week. Analysts expect Nvidia, which dominates the market for chips.

Nvidia shares have tripled in value this year, adding more than $700 billion to the company’s market valuation and making it the first trillion-dollar chip firm. They closed 8.5% higher on Monday, their biggest jump in nearly three months.

These included segments such as technology hardware, 3D printing and semiconductor manufacturing, enterprise software, artificial intelligence, internet of things, robotics and security solutions

Chipmaker Intel is laying off at least 140 more employees in the US to reduce costs 89 employees at its Folsom R&D campus and 51 in San Jose, California.The fresh job cuts have been reported to state employment officials and will take effect at the end of the month, reports Sacramento Inno.

It could have been India s moment to grab a lifetime opportunity to compensate for the last 40 years of laggardness of the presence in the semiconductor sector. But, it is yet to become a glory moment. As China and the US are engaged in the chip war, India though, has come out as an alternative option.

Semiconductors designed to execute artificial intelligence (AI) workloads will represent a $53.4 billion revenue opportunity for the semiconductor industry in 2023, an increase of 20.9% from 2022, according to the latest forecast from Gartner, Inc.

This landmark agreement will facilitate smoother migration between the two nations, with a particular focus on cooperation in the semiconductor industry as India aims to establish a chip manufacturing industry, and Taiwan possesses the necessary expertise in this field.

In a recent report, research firm Gartner has projected that semiconductors designed specifically for artificial intelligence (AI) tasks will create a substantial revenue opportunity for the semiconductor industry in 2023.