Vibrant Gujarat Summit: The Vibrant Gujarat Global Summit, a global platform set to host participants from 135 countries and over 2000 exhibitors, is scheduled to begin on January 10. Prime Minister Narendra Modi will inaugurate the event, joined by other world leaders and dignitaries. Prior to the summit, the state successfully secured investment agreements worth Rs 7.17 lakh crore or $86 billion, involving 58 companies, including notable names such as HPCL, IOCL, and Power Grid.
This is reflected in the focus on sunrise sectors like semiconductors, electronics manufacturing and non-leather footwear in addition to traditional ones such as automotive which includes electric vehicles (EVs) during the third edition of GIM to be held on Sunday and Monday.
US-based chipmaker Micron Technology is expecting demand for semiconductors to rise significantly in the next few years, globally and in India, as memory consumption is going up, largely driven by the widespread adoption of technologies like artificial intelligence (AI). Memory consumption is expected to double by the end of the decade and the biggest driver in this is AI. While it s natural to talk about compute and GPUs (graphics processing units) in the context of AI, it is not to be forgotten that the true enabler for AI is memory . in all the AI engines that we talk about, there is a lot of need to access memory quickly, Anand Ramamoorthy, managing director, Micron Technology India, told Business Standard.
Driven by AI, Micron sees robust chip demand thenorthlines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenorthlines.com Daily Mail and Mail on Sunday newspapers.
Fintech startup Juspay is building a full-stack payment gateway that can offer card, wallet and UPI-based transactions. This and more in todays ETtech Morning Dispatch.