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Xiaomi to Invest $7B in Chips, Says Founder – Major Move

Tuesday, May 20, 2025

Chinese tech giant Xiaomi has announced a 50 billion Yuan ($6.9 billion) investment to develop high-end smartphone chips, as revealed by founder Lei Jun on Monday, marking the company’s 15th anniversary. Xiaomi is famous for producing smartphones...


Tesla to Establish EV Manufacturing Plant in India

Wednesday, May 14, 2025

Tesla intends to establish an electric vehicle (EV) assembly facility in Satara, Maharashtra, India functioning as a completely knocked down (CKD) unit to take advantage of reduced import tariffs. The CKD assembly enables Tesla to bring...


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