With a US slump likely, semiconductor firms - particularly the global companies operating captive design centres in India - are expected to hire fewer engineers in the next financial year. More than 50 global companies, mostly from the US, operate captive design centres or offshore development centres, partnering Indian firms. More than 50 per cent of the Indian semiconductor firms are dependent on the US market for revenue. Hence, on-campus hiring will see general slowdown.
NXP (Next eXPerience) Semiconductors, the new semiconductor company founded by Philips, is partnering with mobile communication service provider Reliance Communications to bring out low cost handsets in India
Research is being done in India to improve the power efficiency of devices.
From powering mobile devices, US chip designer Qualcomm has tied up with Ola Electric to power its electric scooters. Qualcomm is providing the key 4G connected octa core android platform which provides connectivity, computing capabilities and enables rich immersive displays with power saving software.
Take a look at the 10 biggest IT deals ever.
Prime Minister of the Netherlands Mark Rutte on Monday said the G20 New Delhi declaration was clearly a compromise, which is always the case with such a multilateral forum, but he was happy with the fact that there were some key elements in it, and that India was able to broker it.
Apple said it sold 51.2 million iPhones in its second fiscal quarter, down from 61.2 million in the same quarter a year ago but above analysts' estimates of about 50 million devices.