Us Tech Industry

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

As Nvidia hits $3 trn, Jensen Huang's wealth surpasses Michael Dell's

Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies

Nvidia's Q1 result preview: Know street expectation, stock strategy here

Analysts are eyeing impressive figures, with the street anticipating earnings of $13.2 billion, translating to $5.62 per share, alongside projected revenue of $24.6 billion in the quarter

CtrlS Datacenters Ltd to ramp up its capacity to over 1 gigawatt in 4 yrs

The ambitious plan includes expansions in Mumbai, Hyderabad, and Chennai

US layoffs surge 7% to reach 14-month high amid govt, tech cutbacks

Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year

Huawei chip breakthrough used technology from two US gear suppliers

Lauded in China as a major leap in indigenous semiconductor fabrication, last year's SMIC-made processor powered Huawei's Mate 60 Pro and a wave of patriotic smartphone-buying in the Asian country

Focused cuts, fewer layers: Tech industry layoffs enter new phase

Slashing tech work forces would have been anathema in Silicon Valley just a few years ago

Tech Trends 2024: Culturally aware GenAI, femtech, cybersecurity, deepfakes

Industry leaders say technology will continue to change our lives in the new year and the biggest theme that is expected to emerge is the application of generative AI in different sectors

Indian consumertech industry to reach $300 billion by 2027: Report

The unlocking of India's consumer potential is driven by digital public infrastructure (DPI) and population-scale solutions

Tech industry records over 226,000 layoffs in 2023, up 40% since 2022

Since the beginning of 2021, tech companies have laid off over 405,000 individuals

US tech companies flag 20 policy barriers in digital trade with India

Say aatmanirbhar push shouldn't lead to discriminatory norms

Tech sector H-1B workers' spouses can continue to work in US, says judge

The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued

First Citizens considering to make an offer to buy collapsed SVB: Report

As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank

Silicon Valley Bank's collapse rattles the disruptors in tech industry

Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account, said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank's deposits above the insured limit of $250,000 per account resulted in a palpable sigh of relief in Israel, where its booming tech sector is connected with an umbilical cord to Silicon Valley, said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to .

Here's how Silicon Valley Bank served the tech industry and beyond

Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial institution for the nascent tech scene

SVB's stranded deposits spread the pain from tech to Napa Valley

Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to make $42 billion in withdrawals

Tech Mahindra eyes up to 60% revenue from US in the next four years

Revenue from Americas was 47.9 per cent in fiscal 2021-22, as compared to 47.5 per cent in fiscal 2021

Why Apple's Tim Cook has not cut workforce amid mass layoffs

As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at the pace at which other tech giants did

For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse

The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse

WhatsApp India boss Abhijit Bose, Meta India public policy head quit

This development comes close on the heels of Meta laying off 11,000 employees worldwide, or about 13 per cent of its workforce, as it battles faltering revenue and broader tech industry woes