India's first advanced 3D chip packaging facility has been unveiled in Bhubaneswar, with Odisha Chief Minister Majhi and Union Minister Vaishnaw presiding over the launch. The unit represents a concrete step in India's push to build domestic semiconductor back-end manufacturing capacity, an area where the country has lagged global peers. Total project investment stands at Rs 1,943.53 crore, with the Central government committing Rs 799 crore in fiscal support and the Odisha state government contributing approximately Rs 399.5 crore. The remaining capital comes from private sources, reflecting a layered public-private funding structure common to India's semiconductor incentive architecture. Advanced 3D chip packaging is a high-value process that stacks multiple dies to improve performance and power efficiency, sitting downstream of wafer fabrication but critical to finished chip output. Bhubaneswar's selection signals Odisha's ambition to anchor in the semiconductor supply chain. Investors should watch utilization ramp timelines and whether this unit catalyzes further back-end capacity announcements under India's broader chip incentive programs.
Apple has raised MacBook and iPad prices in India by 20% to 42%, citing a sharp surge in memory chip costs driven by AI data centre demand. Micron, the leading memory supplier, reported 86% gross margins, confirming that supply pressures have fundamentally shifted component pricing across the consumer electronics
India's central government will take a 1-2% stake in AI unicorn Sarvam once its $300 million funding round closes, converting compute subsidies provided under the IndiaAI Mission into equity. The move sets a precedent for how the government accounts for public support given to homegrown AI startups.
Apple announced iOS 27 at WWDC 2026, featuring a redesigned Siri as a standalone app with chat history, apps launching up to 30 percent faster, and a refined Liquid Glass interface. A developer preview is live now, with public release expected around September 2026.
Apple's WWDC 2026 keynote unveiled a fully redesigned Siri and confirmed iOS 27 alongside updates for iPadOS, visionOS, watchOS, and macOS. The Siri overhaul is the most strategically significant move, targeting a competitive gap with Google and Microsoft in AI assistants.
