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EU chip maker to invest $30m in India

EU chip maker to invest $30m in India ST Microelectronics (STM), which is among the leading semiconductor chip manufacturers in the world, will invest about $30 million (around Rs 133 crore) in India over the next couple of years and hire another 300 people this year. STM is a Franco-Italian venture with annual worldwide sales of $8.9 billion. It makes chips and develops software for cellphones, set-top boxes, DVDs and cars. A lot of these chips are designed in India and STM employs 1,500 people — around 1,400 of them engineers. “We will continue to invest about $20-30 million every year

Intel to invest $1 b in India — Says talks with Govt on manufacturing unit still on

Intel to invest $1 b in India — Says talks with Govt on manufacturing unit still on CHIP maker Intel's Chairman, Mr Craig Barrett, has announced an investment of over $1 billion in India in the next five years on activities that include expansion of research and development operations in Bangalore, marketing, education initiatives, and a $250-million venture capital fund to invest in technology companies. But those expecting Intel to match rival AMD's enthusiasm on the manufacturing front are in for a slight disappointment as the visiting Intel Chief said that, while the discussions with the Government on the possibility of

Japanese computer giant to build plant in India

Japanese computer giant to build plant in India Leading Japanese computer maker Fujitsu Ltd. plans to set up a new manufacturing unit in India by 2007, Indo-Asian News Service reported Tuesday. Fujistu also plans to invest in the wireless business with greater focus on Wi-max (Worldwide Interoperability for Microwave Access), said Toshihiko Ono, corporate senior executive vice president of Fujitsu Ltd, who was visiting India. Indias software services market is growing in a big way. India has achieved tremendous growth in telecommunications as well, Ono said. Looking at Indias growth, we are planning to invest in this country. We are

India wants to compete better with China

India wants to compete better with China India is keen to grab opportunities from China in the booming offshore engineering services space, Chairman of NASSCOM R Ramalinga Raju said on Friday. Addressing an engineering services summit, organised by NASSCOM, he said India is putting greater focus on the engineering services segment, which he said, lays foundation for manufacturing. Pointing out that engineering services facilitate growth of manufacturing, he said India wants to compete better with a country like China, with a strong platform of engineering services. He said global companies are looking for a mitigating risk in the area of

Anti-quota protests by medical students spread across India

Anti-quota protests by medical students spread across India Protests by medical students against the Indian governments proposed plan to increase quotas for the disadvantaged in institutions of higher education spread Sunday to several cities across the country. Services at five state-run hospitals in national capital Delhi were severely hit as resident doctors went on strike in a show of solidarity with the students. The students announced an indefinite hunger strike till the government rolls back its new affirmative action proposal. There already exists a 22.5 per cent allocation for low caste Hindus and ethnic minorities in federally-assisted institutions of higher education.