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The Economic Times

Nasscom announces cohort of 37 GenAI startups for its foundry programme

On average, startups in the cohort are two years old and have already raised $750,000 from institutional investors, Nasscom said.

Mint

Contract manufacturing, in-house use part of Adani group's chip play

Adani group’s semiconductor fabrication unit in JV with Tower Semiconductor in Maharashtra’s Raigad district, is expected to pave way for the ports-to-cement conglomerate to create a foundry-model where it will make chips for consumption across its own entities but for global fabless firms as well

The Economic Times

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

Intel's foundry business has secured Amazon's AWS as a customer for custom AI chips, boosting Intel's shares by 8%. The deal involves Intel producing an 'artificial intelligence fabric chip' using its advanced 18A process. Intel is also planning cost cuts and restructuring to improve efficiency and profitability.

Mint

Intel Weighs Options Including Foundry Split to Stem Losses

Intel Corp. is working with investment bankers to help navigate the most difficult period in its 56-year history, according to people familiar with the matter.

Business Standard

Foundry Fuel Products reports standalone net loss of Rs 0.04 crore in the June 2024 quarter

Reported sales nil

Business Standard

Shivalik Engineering Industries files draft papers to raise funds via IPO

Precision engineering company Shivalik Engineering Industries Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 335 crore and an offer for sale of up to 41.3 lakh equity shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed with Sebi. The public issue also includes a reservation for a subscription by eligible employees. The Raipur-based company intends to utilise the net proceeds from the fresh issuance to the extent of Rs 179.24 crore for setting up a solar plant, Rs 50 crore for expansion of existing foundry capacity by setting up a new foundry line, besides a portion of funds will be used for general corporate purpose. Shivalik Engineering Industries began its operations in 2007 with a focus on manufacturing casting components, including high-quality metal parts for various sectors like automotive, agriculture, ...