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The global shortage of memory chips is largely being driven by the rapid rise in artificial intelligence (AI) workloads, which has significantly increased demand for advanced memory solutions, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

India's semiconductor ecosystem is expected to achieve a production capacity of 75-80 million chips per day as several newly announced semiconductor plants begin operations by the end of this year or early next year, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

India's semiconductor ecosystem is set to move towards design-led manufacturing, where chips are designed and manufactured within the country and then supplied globally, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

"The country is making arrangements and efforts to explore more alternative destinations to import LNG. It's a kind of pre-emptive measure in case the war goes on for a longer period. Advisories are also being issued to farmers for the wise use of fertilisers," Singh said on the sidelines of a soil health event organised by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi.

Taiwan will not sharply increase its gasoline and natural gas prices despite surging global oil prices triggered by the ongoing Middle East conflict that began with American and Israeli attacks on Iran, Focus Taiwan reported, citing officials.