SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn. This marks a significant leap from $12.9 million in 2023 and $1.5 million in 2022.
The year also witnessed four Series A funding rounds, compared to just one in 2023 and none the year prior. Chennai-based Mindgrove Technologies, a fabless semiconductor design startup, led the funding race with $8 million raised in a Series A round. Bengaluru's FermionIC Design, specialising in chipsets for wireline and wireless communication systems, followed with $6 million in seed funding. Top investors, including Peak XV Partners, Speciale Invest, and Celesta Capital, have actively backed the sector.
Diese Geschichte stammt aus der January 01, 2025-Ausgabe von Financial Express Kochi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 01, 2025-Ausgabe von Financial Express Kochi.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Puri Sees Chances of Higher US Oil Imports
THE US is currently producing around 13 million barrels of oil per day and is likely to add 1.4 million-1.5 million barrels a day into production in the short run.
Rate-Cut Cycle Unlikely to Begin Soon Unless Liquidity Improves
The sluggish deposit growth poses a risk to achieving higher economic growth, says Rajiv Anand, deputy managing director, Axis Bank. In an interview with Sachin Kumar, Anand speaks of the challenges facing the banking sector, including declining credit growth, stress in unsecured loans and tight liquidity. Excerpts:
Consumer firms pitch for steps to shore up demand
COMPANIES IN THE fast-moving consumer goods (FMCG) and retail sectors are urging the Centre to stimulate consumption through tax slab revisions and demand-boosting measures in the FY26 Budget.
India Must Be Wary: Experts
CO-FOUNDER OF GLOBAL Trade Research Initiative Ajay Srivastava said that when talks happen with the US regarding tariffs on goods, India must point out the trade in digital services and defence purchases for striking a balance in trade.
Empowering privacy, enforcing security
THE CENTRE SET up an expert committee under the chairmanship of Justice BN Srikrishna to prepare a white paper on data protection framework for India.
OpenAI CFO: Musk shouldn't use legal challenges to compete
OPENAI CHIEF FINANCIAL Officer (CFO) Sarah Friar characterized Elon Musk's legal challenge to stop the ChatGPT maker from becoming a for-profit company as competitive maneuvering.
D2C snack brands make global forays
Section Header
Mahindra eyes 30% EV portfolio by 2030
MAHINDRA & MAHINDRA aims to make more than a quarter of its portfolio electric by 2030 as India's number two automobile company by market value takes on local and global rivals bolstering their EV line-up in the fast growing segment.
India's IT spending to rise by 11%: Gartner
WORLDWIDE IT SPENDING is projected to reach $5.61 trillion in 2025, reflecting a 9.8% increase from 2024, according to Gartner's latest forecast.
EU wants to bolster strategic India tie-up
India to enter new era in 2028, says Andhra CM Naidu INDIA WILL ENTER a new era of global leadership starting in 2028, Andhra Pradesh chief minister said on Tuesday at a CII session on the sidelines of the WEF meeting. \"From 2028, it is going to be the era of India. That is bound to happen. It will be the only country with a demographic dividend for another 20-25 years,\" he said. - PTI
