India launches Rs 2,500 crore semiconductor plant in Visakhapatnam

Prime Minister Narendra Modi inaugurated construction of ASIP Technologies' Rs 2,500 crore semiconductor plant in Visakhapatnam, South India's first approved chip‑packaging facility under the India Semiconductor Mission. The project is expected to create jobs, boost domestic chip production and reduce India's reliance on imported semiconductors.

In related Indian tech news, AI startup Shiplog secured $930,000 in pre‑seed funding to develop AI‑driven marketing agents that automate research, campaign planning and execution for businesses. Other developments highlighted include AI models lowering costs, and a Telegram app‑store removal affecting crypto traders.