Good morning, tech fam; here are some quick tech updates for you to catch up to!
What’s New Today: Intel & TSMC Partner for New Chip-Making Venture
Fast-Track Insights: Calligo Tech Secures Funding for Second Silicon Chip
Here’s a quick rundown of the biggest tech headlines making waves today. From Intel & TSMC Partner to NIELIT Hiring 2025, let’s dive into the top tech stories of the day.
Intel and TSMC are reportedly forming a joint venture, with TSMC taking a 20% stake in Intel’s U.S. fabrication plants. The U.S. government backs the deal to strengthen domestic chipmaking amid geopolitical tensions. Intel’s foundry business has struggled, losing $18.8 billion in 2024, making this partnership a strategic move. However, operational challenges remain as Intel’s fabs differ from TSMC’s usual model. Intel’s stock jumped 7%, while TSMC’s fell 6%. With China tensions and the CHIPS Act in play, this alliance may be Washington’s way of securing semiconductor dominance without selling fabs to a foreign company.
Bengaluru-based semiconductor startup Calligo Technologies has raised $1.1 million in a Pre-Series A funding round co-led by Seafund and Artha Venture Fund. The funds will support the development of its second silicon chip, talent expansion, and partnerships. Calligo’s TUNGA chip, based on RISC-V architecture, enhances computing efficiency for HPC and AI workloads. This comes amid India’s semiconductor boom, with the government’s ISM 2.0 initiative aiming to boost chip manufacturing. India's semiconductor demand is projected to hit $100-110 billion by 2030, reinforcing the country’s push to become a global hub for electronics and semiconductor production.
The National Institute of Electronics and Information Technology (NIELIT) has announced recruitment for various contractual positions at its Dwarka, New Delhi headquarters. Professionals from IT, engineering, finance, and academic sectors can apply for these temporary roles, initially for one year with possible extension. The application process is offline; the deadline is April 21, 2025. This offers a great opportunity to work with a prestigious institute. For more details and application forms, visit the official website: nielit.gov.in/recruitments.
Bitcoin (BTC) rebounded to $80,251.25 on April 8 after dropping below $75,000, marking a 3.77% gain. Volatility led to nearly $1 billion in liquidations, with implied volatilities rising to 85 for BTC and 130 for ETH. Institutional sentiment is shifting, with US-listed Bitcoin ETFs seeing $172.89 million in net outflows. Meanwhile, US equity markets show early signs of stabilizing. The upcoming April 10 CPI data will be crucial, as a dovish Fed stance could renew crypto interest, while regulatory headwinds or a hawkish approach may extend corrections. Investors remain cautious amid market uncertainty.
The educational field and multiple business industries have documented profound AI advancement. Students utilise AI writing tools, including ChatGPT and Google's Gemini, as their workload requires assistance generating ideas and creating academic papers. Due to their recent soaring use, educators face an essential dilemma about the acceptability of these AI writing tools in educational contexts.