Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

IESA to Open Incubate Chip-Designing Startups in Bangalore

IESA to Open Incubate Chip-Designing Startups in Bangalore

The Indian Electronics and Semiconductor Association (IESA) has now opened a new laboratory in Bengaluru to incubate early-stage startups. This will be focusing on chip designing for small-medium enterprises (SMEs) to access funds and enter the market.

This lab is developed to incubate around 20 early stage fabless startups for the next three years. Further, for the next five years after that will be focusing on 50 early stages fabless for chip designing and creating jobs in the electronics system design - manufacturing (ESDM) sector. The president of IESA, Rajesh Ram Mishra confirms this news. Also an investment of Rs. 21.5 crore is made on the labs by the Karnataka Minister for Large & Medium Industries, K.J. George. Not to mention in the unveiling an extra Rs. 56 crores was said to be put in on the five years plan.

The vision is clear, to make Karnataka the hub for the next gen of Indian fabless startups. This is initiated to bring establish growth and improve today’s tech in the country. ESDM is also said to be propelled with IESA to support innovative domestic companies. For setting up the lab around 800 engineers are required and this shows that there is room for employment.  Let us see in which direction these new turn of events goes. 


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...