Shubha Mitra

1 day ago | electronicsforyou.biz | Shubha Mitra

With another round of layoffs, Intel might axe 20 per cent of jobs as new CEO Lip-Bu Tan aims to slash red tape and battle AI chip rivals. The chip giant is yet to make a formal announcement. Intel Corporation is reportedly preparing to slash over 20% of its global workforce this week as part of an overhaul led by its new CEO, Lip-Bu Tan. According to a Bloomberg report, the move aims to reduce internal bureaucracy and revive the company’s engineering-driven culture.

1 day ago | electronicsforyou.biz | Shubha Mitra

Challenging Tesla in the fast-lane of electric mobility, VinFast races into India with $2 billion Tamil Nadu plant, 3500 jobs, and EV rollout by 2026. Vietnamese electric vehicle (EV) maker VinFast is set to inaugurate its car assembly plant in Tamil Nadu by the end of June, according to CEO Pham Sanh Chau. The announcement was made during a shareholder meeting of VinFast’s parent company, Vingroup.

1 day ago | electronicsforyou.biz | Shubha Mitra

Tapping into AI and semiconductors, Mirae Asset’s $200M GIFT City fund opens global doors for Indian investors and ETFs with a high-growth, diversified edge. Global investor Mirae Asset has introduced a new $200 million fund—Mirae Asset Global Allocation Fund IFSC—to enable Indian investors to access international markets and high-growth sectors such as artificial intelligence (AI) and semiconductors.

1 day ago | electronicsforyou.biz | Shubha Mitra

Clocking ₹1.22 trillion in electronics exports for FY25, Tamil Nadu powers ahead, fuelled by the PLI push and making up 41% of India’s total. Karnataka follows. Tamil Nadu recorded electronics exports worth US$14.65 billion (approximately ₹1.22 trillion) in the financial year 2024–25, according to a recent statement by the State Industries Minister Dr TRB Rajaa.

1 day ago | electronicsforyou.biz | Shubha Mitra

Citing market uncertainty, LG Electronics stalls its $15 billion India IPO plans but hints at a comeback if conditions stabilise. No firm decision yet. LG Electronics has paused work on the planned initial public offering (IPO) of its Indian subsidiary due to instability in India’s equity markets, according to Bloomberg News. The South Korean tech giant has informed its advisors that the IPO may be delayed, with a possible restart if market conditions improve.