Taiwanese electronics manufacturer Foxconn will invest up to Rs 424 crore in a semiconductor joint venture with HCL Group, acquiring a 40% stake for Rs 312 crore. The investment marks a significant move in Foxconn’s expansion into the semiconductor industry, with a focus on strengthening its presence in India’s growing tech market. The joint venture is expected to drive innovation and growth in the semiconductor sector, solidifying Foxconn’s position as a key player in the global electronics market.
Full Article
Two US Navy pilots shot down over Red Sea in apparent 'friendly fire' incident, US military says
A US warship mistakenly shot down a US Navy aircraft over the Red Sea, with both pilots surviving, showcasing the growing threats in the region. Houthi rebels have attacked nearly 100 ships, claiming to target vessels associated with Israel, the US, or the UK to pressure an end to Israel's Gaza actions. The incident underscores the escalating dangers and tensions in the area, posing risks to both military and civilian vessels. Full Article
Read more