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Tech Insights Magazine is committed to providing the latest updates, news, and information about the technology sector. Our coverage spans various areas, including Information Technology, semiconductors, electronics, and innovative technologies across different industries. Readers can expect engaging articles on topics like gadgets, software, hardware, networking, analytics, and the application of technology in fields such as energy and consumer goods, as well as insights into new and emerging technologies. Our team consists of seasoned tech professionals and enthusiastic newcomers, all passionate about sharing their knowledge. We welcome your suggestions for topics you’d like to see covered, and we’ll gladly explore them!

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IISc partners with Synopsys to train next-generation semiconductor workforce

Oct 25, 2023 | technologymagazine.org | Pranali Mehta

The Indian Institute of Science (IISc) has reportedly announced a collaboration with Synopsys, a pioneer in electrical design automation, in a project targeted at minimizing the labor crisis in India's semiconductor business. The India Semiconductor Workforce Development Program aims to create the next generation of Indian workforce in the development and production domains of the semiconductor industry.
Denso, Mitsubishi Electric invest $1Bn in Coherent’s silicon carbide business

Oct 11, 2023 | technologymagazine.org | Pranali Mehta

Automotive supplier DENSO Corp of Kariya, Aichi prefecture, Japan and Tokyo-based Mitsubishi Electric Corp have agreed to invest a combined $1bn in Coherent Corp's silicon carbide division, according to the materials, networking, and laser technology company. The purchase is the outcome of Coherent's strategic assessment process for the company, which was revealed in May.
Samsung to produce next-gen AI processors for Canadian company Tenstorrent

Oct 3, 2023 | technologymagazine.org | Pranali Mehta

Samsung Electronics, the world's largest memory chip manufacturer, has reportedly announced that the company will provide next-generation AI chiplets for Tenstorrent, a computing company. Tenstorrent claimed that it has chosen Samsung's Foundry Design Service team to produce its chiplets, which have a variety of uses ranging from edge devices to data centers, to ensure the highest standards and modern manufacturing capabilities.
Canada risks losing over $50 billion in clean technology incentives

Sep 20, 2023 | technologymagazine.org | Pranali Mehta

According to industry groups, more than a year after Canada originally promised incentives to launch clean technology projects, no funding has come in, and if they are not implemented promptly more than C$50 billion ($37 billion) in investments might be jeopardized.
GlobalFoundries establishes $4Bn chip manufacturing facility in Singapore

Sep 12, 2023 | technologymagazine.org | Pranali Mehta

GlobalFoundries, the world's third-largest contract chipmaker, has reportedly established a $4 billion semiconductor fabrication unit in Singapore as part of a massive worldwide manufacturing expansion. According to Tan Yew Kong, the company's Singapore general manager, the new 23,000 square meters (248,000 square foot) facility would enable the American chipmaker to produce 450,000 300-millimeter wafers annually when it reaches full capacity, which is anticipated to happen in 2025 or 2026.
Intel announces partnership with Tower Semiconductor to offer foundry services

Sep 6, 2023 | technologymagazine.org | Pranali Mehta

According to the reports, in a new agreement, Intel will provide foundry services to Tower Semiconductor in exchange for the Israeli contract chipmaker's $300 million investment in Intel's New Mexico facility. The collaboration comes less than one month after both businesses terminated their merger plans when the proposed $5.4 billion acquisition was rejected by Chinese regulators.
Saudi-based ACWA Power secures $123M to develop solar project in Egypt

Aug 30, 2023 | technologymagazine.org | Pranali Mehta

ACWA Power, leading Saudi Arabian utility developer which is partly owned by sovereign Public Investment Fund, has reportedly attained financial close for $123 million for developing the 200MW Kom Ombo solar project in Egypt. As per Riyadh Tadawul-listed utility developer, the total investment cost is valued at $182 million. Out of this, 68% is non-recourse to the shareholder. It has also been revealed that the limited recourse financing would be for duration of two years.
Apple discloses plans to expand local component production in India

Aug 23, 2023 | technologymagazine.org | Pranali Mehta

Apple is reportedly planning to boost local component production in India. The iPhone maker revealed the information at a meeting with top finance ministry officials, according to a senior government official familiar with the situation. According to credible sources, in July, Apple delivered a presentation during a meeting. They wanted the authorities to be aware of their plans. Apple is keen on expanding its domestic component base and is aggressively looking into it.
Snapchat expands further into generative AI with AI tool 'Dreams’

Aug 22, 2023 | technologymagazine.org | Pranali Mehta

Snapchat is reportedly planning to expand into generative AI capabilities, after the debut of its AI-powered chatbot My AI, which is now able to answer with a Snapback rather than simply text. Snap will experiment with AI photos again with the company's next generative AI tool named "Dreams," but these photographs will soon include you and your pals in imaginative backgrounds.
Rochester Electronics announces partnership with SkyHigh Memory Ltd.

Aug 16, 2023 | technologymagazine.org | Pranali Mehta

Rochester Electronics, LLC has reportedly announced its partnership with SkyHigh Memory Ltd. for steady provision of low-density, mature NAND storage products. Apparently, while SkyHigh Memory concentrates on NAND storage solutions in both SLC and eMMC, Rochester Electronics focuses on 100% authorized legacy and end-of-life semiconductor technologies. They want to cater to the global storage demands of clients with their combined skills.