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For Micromax, all the infrastructure, all the know-how and whatever we are going to do, that all will be contributed by us.”On hiring, Sharma said, “The plan is to expand the team size to 1,000 people largely on chip design front.” Phison is currently training the manpower here of MiPhi in India.KS Pua, CEO of Phison said, “By uniting Micromax’s localmarketunderstanding with Phison’s world-class storage technologies, we are well-positioned to create impactful solutions across SMBs, automotive, IoT, AI, enterprise workloads, and beyond.”As part of the semiconductor incentive scheme, one of the focus areas for the government is also on the chip design space.

Currently, the government is supportingstartupsin the chip design space.

Typist maximizing financial returns with AI powered solutions ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!One of the focus of the government, is to enable generation of intellectual property (IPs) in India on chip design.Once the scheme is opened for larger chip design companies, Sharma said, “MiPhi is open to exploring participating in the chip design scheme.”Get liveShare Marketupdates,Stock Market Quotes, and the latestIndia News… Read Moreandbusiness newson Financial Express.

Download theFinancial Express Appfor the latest finance news.Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

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Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

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