➀ The Maharashtra government has approved a Rs 83,947 crore semiconductor manufacturing project in Panvel, Raigad district, marking a significant step in India's efforts to become a global semiconductor hub. ➁ The project is a joint venture between Israel's Tower Semiconductor and India's Adani Group. ➂ It is expected to be India's second chip manufacturing facility and the sixth plant involved in silicon chip production or testing across the country.

➀ IBM has decided to close its China R&D department, affecting over 1000 employees who face the choice of leaving or relocating to Bangalore, India. ➁ The decision is part of a broader trend of American tech companies scaling back their operations in China. ➂ The move is speculated to be influenced by the Indian CEO's management style and the Chinese government's 'de-Americanization' policy, which has led to a 19.6% decline in IBM's revenue in China.

➀ Sanjay Nayak's journey from a boarding school in Raipur to co-founding Tejas Networks, a company valued at over ₹200 billion, showcases his resilience and optimism. ➁ His career began at a startup in the US, where he contributed to the development of the world's first Verilog simulator. ➂ Despite facing numerous challenges, including the 2007-2008 financial crisis and natural disasters, Tejas Networks successfully went public in 2017 and continues to thrive.

➀ India is projected to have two semiconductor wafer fabs by 2030, but emphasis should also be placed on fostering semiconductor product companies. ➁ The semiconductor industry has seen significant changes, including increased AI integration and geopolitical fragmentation. ➂ There is a potential for oversupply in some semiconductor sectors due to new fab constructions, while others remain in shortage.

➀ The Indian government announces a $15.2 billion investment in the semiconductor and electronics industry. ➁ This investment aims to achieve self-reliance in a strategically critical sector. ➂ The plan includes the construction of India's first state-of-the-art semiconductor fabrication facility.

1. Apple's iPhone 16 Pro and iPhone 16 Pro Max are reportedly starting production in India, marking the first time a Pro model is manufactured in the country. 2. Leaked images of packaging indicate the phones are 'Assembled in India', suggesting a shift from previous 'Assembled in China' labels. 3. This move is part of Apple's strategy to diversify production beyond China, potentially due to geopolitical tensions and supply chain risks.

➀ Ola Electric, an Indian electric two-wheeler manufacturer, announced its first AI chips, Bodhi 1, Ojas, and Sarv 1, set for 2026, and Bodhi 2 for 2028. ➁ Bodhi 1 is designed for AI inferencing with claims of best-in-class power efficiency. ➂ Ola plans to deploy Ojas in various applications and Sarv 1 in data centers, aiming to compete in the global AI race.

➀ India offers one of the most generous semiconductor investment plans globally, with government incentives exceeding 70%. ➁ Despite past failures, India is now a beneficiary of diversified semiconductor manufacturing supply chains. ➂ The country has approved three semiconductor factory projects, including Tata Group's collaboration with PSMC, aiming to break the commercial wafer fab drought. ➃ India's semiconductor market is rapidly growing, with projected consumption reaching $640 billion by 2026 and $1100 billion by 2030. ➄ The nation boasts a strong talent pool and strategic partnerships with major global players, enhancing its semiconductor ecosystem.