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Global semiconductor equipment giant Applied Materials is investing $5 billion in India over the next four years, significantly bolstering the nation's push to establish a robust semiconductor manufacturing ecosystem and solidify its position in the global chip supply chain.
The United States is intensifying its push for allies to align with its strategy in the global AI supremacy race against China, a move that could force nations like India to make critical choices impacting future technology partnerships, supply chains, and its own burgeoning AI ecosystem.
India is making significant strides to establish itself as a global technology leader by aggressively boosting its semiconductor manufacturing capabilities and fostering an 'AI for all' ecosystem built on its Digital Public Infrastructure.
AUM Ventures has launched a substantial Rs 750 crore (approximately $80 million) fund dedicated to fostering India's burgeoning deeptech, AI, semiconductors, and defence startup ecosystem, signalling a robust commitment to indigenous innovation.