In a significant development for India's mining sector, Hindustan Copper Limited (HCL) has successfully transitioned its flagship Malanjkhand mine from open-cast to fully underground operations.
South Korea's leading semiconductor companies are increasing their investments in production facilities, driven by strong forecasts for rapid growth in the artificial intelligence (AI) chip market, reported the Korea Herald.
Taiwan's economy showed signs of a "warming economy" in April, helped by the rising demand for artificial intelligence (AI) applications, which supported the manufacturing sector, according to the National Development Council (NDC), reports Focus Taiwan.
Taiwan's industrial production registered a rise of more than 20 per cent as compared with same month last year, marking 14th consecutive month of year-on-year growth, as per Taiwan's Ministry of Economic Affairs (MOEA).
The global semiconductor market is on track to experience substantial growth in the coming years, with total revenue expected to reach USD 630 billion in 2024--a 19 per cent increase from the previous year.
To fuel future growth investors are analysing the strong run up in chip designing and manufacturing for revenue growth and potential tailwinds in data centres need.