InCore Semiconductors, incubated at IIT-Madras, aims to build a robust semiconductor ecosystem in India, starting with embedded processors for everyday devices. In May 2023, the venture secured $3 million in seed funding from Peak XV (formerly Sequoia Capital’s India and Southeast Asia unit) to advance its development of semiconductor processors based on the RISC-V open-source architecture.
The…
Samsung Electronics’ Indian unit has initiated legal action against a labor union leading a significant strike at its only home appliances plant in Tamil Nadu. The strike, which has now lasted for 11 days, has resulted in substantial disruptions to production activities at the facility located near Chennai.
Legal Action
On September 12, Samsung filed a lawsuit seeking a temporary injunction…
