What’s New Today: China’s YMTC is planning new chip factories to double production capacity, aiming for 100,000 wafers per month per plant.
Fast-Track Insights: India has launched a Rs. 10,000 crore Startup Fund 2.0 to boost deep-tech, manufacturing, and early-stage startups.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from YMTC’s chip expansion to India’s major startup funding push.
China’s Yangtze Memory Technologies (YMTC) is planning to build two new chip factories, along with finishing one already under construction. This will help the company more than double its production capacity. Each factory can make 100,000 wafers every month. The plan supports China’s goal to make more chips locally despite possible U.S. restrictions on equipment.
India has introduced a Rs. 10,000 crore Startup Fund of Funds 2.0 with a wider focus. It will support deep-tech, manufacturing, early-stage startups, and small venture funds. The fund will invest through SEBI-registered AIFs. It aims to improve funding access, attract more investors, and continue the progress made by the earlier Startup Fund of Funds program.
The Global Banking and Finance Review Awards has opened entries for Best Graduate Recruitment Strategy 2026. It invites companies with smart and effective hiring programs. It focuses on campus hiring, employer branding, digital tools, and talent growth. Firms showing diversity, good candidate experience, and clear results can apply to gain global recognition and strengthen their brand across different industries worldwide.
AI is changing business from Software-as-a-Service to Agent-as-a-Service, where smart AI agents do tasks on their own. Instead of people using software step by step, these agents handle work automatically. This helps save time, cut costs, and improve results. In the future, businesses may use both software and AI agents together.
Jamie Dimon said cryptocurrencies are becoming faster and cheaper than traditional banking systems. He explained that digital assets can help send money quickly and at lower cost. His comments show that big banks are starting to take crypto more seriously. JPMorgan is also working on blockchain technology and looking at more ways to use digital assets in finance today and in the future.