Larsen & Toubro Ltd will invest more than $300 million over three years to establish a fabless chipmaker. The company aims to design 15 semiconductor products by the end of this year and begin sales in 2027, supporting India’s efforts to build local semiconductor capacity and reduce expensive imports. Semiconductors have grown into a crucial resource across the world, especially as the US-China trade war.
Related Posts
Infrastructure output shrinks 1st time in over 3 years
India’s key infrastructure sector saw a 1.8% contraction in August, driven by declines in coal, crude oil, natural gas, refinery products, cement, and electricity due […]
Dhanteras 2024: Is gold still the best choice for those looking to make a wise financial gift?
Gold returns have not been consistent as the underlying factors driving the price of the metal are quite diverse and most often fear and sentiment […]