Tag: CHENNAI
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Mindgrove Technologies Secures $8 Million Series A to Propel Semiconductor Innovations
Mindgrove Technologies has raised $8 million in a Series A funding round to expand its workforce and engineering capabilities. The company launched India’s first commercial-grade high-performance microcontroller SoC—Secure IoT—while also receiving government support for a new Vision SoC targeting edge computing applications. CEO Shashwath T R highlights the growing demand for locally designed SoCs as…
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U.S. Companies Pause India Investments Amid Trump Policy Uncertainty
Amidst uncertainty regarding Trump’s policies, U.S. companies are delaying investments in India, heavily influenced by client strategies and market dynamics. While there is a desire to diversify from China to India, challenges related to raw material procurement persist. Experts suggest that despite the current jitters, the long-term potential in India remains robust due to strained…
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Foxconn Eliminates Discriminatory Hiring Criteria in India Following Scrutiny
Foxconn has instructed its recruitment agents in India to eliminate age, gender, and marital status criteria from job ads for iPhone assembly positions after media scrutiny unveiled discriminatory hiring practices excluding married women. This move follows investigations by the Indian government and aims to align the company’s advertising with anti-discrimination policies. In response to a…