Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations.
India will fabricate its first chip in two years, Commerce Minister Piyush Goyal told CNBC during a one-on-one interview in New York.
India’s push into semiconductors comes as more U.S. chipmakers set their sights on India. Nvidia, AMD, Micron are among the U.S. companies that have pledged to expand in the country.
“I’m in touch with the Micron CEO regularly, and they are making good progress,” Goyal said.
Goyal added that Indian behemoth Tata and other domestic companies are working to make India’s semiconductor dream a reality.
It’s unlikely India will manufacture the most cutting-edge chips without the expertise of companies like Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung which build some of the world’s most advanced chips.
“It is a tough job, but we have the talent, we have the skills,” said Goyal. The minister referenced a recent trip to Silicon Valley where he visited several U.S. semiconductor companies and “saw tons of Indians working on the shop floor [and] on management teams,” recounts Goyal.
The minister, spearheading U.S. corporation expansion efforts under Prime Minister Narendra Modi, is confident India will be able to deliver the first chip by 2026-2027.
Apple has already found success in India as it has looked to diversify its supply chain away from China. Goyal says 14% of the world’s iPhones are manufactured in India, with that number “expected to grow.” Apple increased assembly in the country in the last two years while boosting its retail presence to attract new iPhone buyers. And according to Goyal, Indian customers are increasingly opting for the more expensive iPhones.
Apple has also begun manufacturing other products, including iPads, AirPods and Apple Watches in the country. “They’re increasing production,” Goyal added.
Apple’s expansion efforts in India have brought 150,000 jobs across manufacturing facilities in India, making it the biggest employer in the country’s electronics industry, according to India’s Commerce department. An Apple spokesperson was not immediately available to comment.
Apple’s foray into India comes amid ongoing growth challenges in China.
On the recent bout of optimism around China’s economic story and the latest stimulus measures, Goyal suggested that India’s success is not predicated on China’s troubles.
“India… is not dependent on China. We stand on our own competencies, on our capabilities, and we believe we an offering that is far superior to China,” said Goyal.
Goyal met with a few Wall Street investors on Monday including executives from BlackRock, Warburg Pincus and KKR. Goyal said almost all the U.S. private equity players are looking to build and develop data centers across the country.
Google, Microsoft and Nvidia are among the tech companies that are bringing artificial intelligence expertise to India, which Modi’s government has been receptive to. But analysts warn that India must continue tackling larger issues including poor infrastructure, bureaucracy and red tape that have slowed down corporate expansion plans.
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Ambarella shares popped 19% after a report that the chip designer is currently working with bankers on a potential sale.
Bloomberg reported the news, citing sources familiar with the matter.
While no deal is imminent, the sources told Bloomberg that the firm may draw interest from semiconductor companies looking to improve their automotive business. Private equity firms have already expressed interest, according to the report.
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The Santa Clara, California-based company is known for its system-on-chip semiconductors and software used for edge artificial intelligence. Ambarella chips are used in the automotive sector for electronic mirrors and self-driving assistance systems.
Shares have slumped about 18% year to date. The company’s market capitalization last stood at nearly $2.6 billion.
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025.
The sales are worth nearly $15 million at Tuesday’s opening price.
The transactions are the first sale in Huang’s plan to sell as many as 600,000 shares of Nvidia through the end of 2025. It’s a plan that was announced in March, and it’d be worth $873 million at Tuesday’s opening price.
The Nvidia founder still owns more than 800 million Nvidia shares, according to Monday’s SEC filing. Huang has a net worth of about $126 billion, ranking him 12th on the Bloomberg Billionaires Index.
Nvidia stock is up more than 800% since December 2022 after OpenAI’s ChatGPT was first released to the public. That launch drew attention to Nvidia’s graphics processing units, or GPUs, which were needed to develop and power the artificial intelligence service.
The company’s chips remain in high demand with the majority of the AI chip market, and Nvidia has introduced two subsequent generations of its AI GPU technology.
Nvidia continues to grow. Its stock is up 9% this year, even as the company faces export control issues that could limit foreign markets for its AI chips.
In May, the company reported first-quarter earnings that showed the chipmaker’s revenue growing 69% on an annual basis to $44 billion during the quarter.
Dario Amodei, Anthropic CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.
Gerry Miller | CNBC
Anthropic‘s use of books to train its artificial intelligence model Claude was “fair use” and “transformative,” a federal judge ruled late on Monday.
Amazon-backed Anthropic’s AI training did not violate the authors’ copyrights since the large language models “have not reproduced to the public a given work’s creative elements, nor even one author’s identifiable expressive style,” wrote U.S. District Judge William Alsup.
“The purpose and character of using copyrighted works to train LLMs to generate new text was quintessentially transformative,” Alsup wrote. “Like any reader aspiring to be a writer.”
The decision was a significant win for AI companies as legal battles play out over the use and application of copyrighted works in developing and training LLMs. Alsup’s ruling begins to establish the legal limits and opportunities for the industry going forward.
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A spokesperson for Anthropic said in a statement that the company was “pleased” with the ruling and that the decision was, “Consistent with copyright’s purpose in enabling creativity and fostering scientific progress.”
CNBC has reached out to the plaintiffs for comment.
The lawsuit, filed in the U.S. District Court for the Northern District of California, was brought by authors Andrea Bartz, Charles Graeber and Kirk Wallace Johnson in August. The suit alleged that Anthropic built a “multibillion-dollar business by stealing hundreds of thousands of copyrighted books.”
Alsup did, however, order a trial on the pirated material that Anthropic put into its central library of content, even though the company did not use it for AI training.
“That Anthropic later bought a copy of a book it earlier stole off the internet will not absolve it of liability for the theft, but it may affect the extent of statutory damages,” the judge wrote.