Deccan Region Today

ASIP Technologies Bets ₹25B on Advanced Chip Packaging, Targets 300M Units Capacity

ASIP Technologies has commenced work on its ₹25 billion semiconductor packaging and testing facility in Tarluvada, Visakhapatnam, following the virtual foundation stone laying by Prime Minister Narendra Modi. Being developed in two phases, the facility is planned to start with an annual capacity of more than 100 million units before scaling up to around 300 million units in the second phase. ASIP has also secured an important anchor for its initial production through a partnership with an established Korean outsourced semiconductor assembly and test (OSAT) company.

Yuma Energy raises $35 million in Series A funding from Magna International

Yuma Energy has raised $35 million in Series A funding from Canadian automotive supplier Magna International as the battery-swapping company looks to expand its network across India. The Bengaluru-based company said the funding will be used to expand its battery-swapping infrastructure, enter new markets and widen its customer base across electric two- and three-wheelers. Yuma also plans to work with more fleet operators and original equipment manufacturers (OEMs).

Deep-Tech Aerospace Startup Alteon Raises $2.5 Million in Pre-Seed Round Led by Lachy Groom

Bengaluru-based deep-tech aerospace startup Alteon has raised $2.5 million in a pre-seed funding round led by investor Lachy Groom, with participation from Together Fund. The fresh capital comes shortly after the startup completed a flight test demonstrating autonomous flight within one metre of the ocean’s surface. The company said the test helped reduce technical risk around its approach to autonomous dynamic soaring, an aviation technique that allows an aircraft to extract energy from wind gradients rather than relying continuously on conventional propulsion.

Vijay’s Sep 10 UK visit to scout for investments

Having set an ambitious target of transforming Tamil Nadu into a USD 1.5 trillion economy by 2036, Tamil Nadu Chief Minister Joseph Vijay is embarking on a tour of the United Kingdom from September 10 to scout for investment. This is his first trip abroad after assuming office as Chief Minister in May this year. His itinerary includes a series of meetings with investors to secure big-ticket investments to boost job creation and attract investments to propel industrial growth and economic development.

Thomas Cook opens new outlet at Manapakkam, Chennai

Thomas Cook (India) has inaugurated its new outlet in Manapakkam, Chennai. The new outlet expands Thomas Cook India's network to 10 locations in the city and 16 across the State, enhancing access to its comprehensive range of travel services. Manapakkam is emerging as a prominent residential and IT hub in Chennai. With its expanding residential and corporate ecosystem, Manapakkam has emerged as an important catchment for a diverse and growing base of travellers.

Telangana government seeks German investment in semiconductor manufacturing

IT and Industries Minister Duddilla Sridhar Babu on Monday urged the German Indian Business Alliance (GIBA) to encourage German companies to invest in semiconductor manufacturing in Telangana. Sridhar Babu said the state government was working to position Telangana as a semiconductor manufacturing hub and sought greater participation from German companies in the sector.

NIEHOFF Gruppe Expands Hyderabad Facility, Reinforces Long-Term Commitment to India

Germany-based Maschinenfabrik NIEHOFF GmbH & CO. KG (NIEHOFF Gruppe), a leading manufacturer in wire drawing machines and drawing lines, has inaugurated the expansion of its Hyderabad manufacturing facility, underscoring the company’s long-term commitment to India and its growing role within the global NIEHOFF Gruppe. New investment marks the next phase of growth for the wire and cable machinery major in India.