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Plans to turn India into a major semiconductor manufacturing hub are moving from policy to execution, with four companies scheduled to begin chip production during 2026 and the government setting its sights on becoming one of the world’s leading producers by 2035. The transition marks a decisive phase for a country long dependent on imported chips but now seeking to embed itself in global electronics supply chains amid geopolitical realignments and rising demand for secure manufacturing bases.

The most advanced of the announced projects is the large-scale fabrication facility planned at Dholera in Gujarat, a joint venture between Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation. The plant, cleared with government backing and financial incentives under the Semiconductor Mission, is designed to manufacture mature-node chips used in automobiles, power electronics, consumer devices and industrial equipment. Construction work has progressed through 2025, with commercial production targeted to start the following year, according to timelines shared with policymakers and industry partners.

Alongside the Dholera fab, three other facilities are slated to commence output in 2026, primarily in the assembly, testing, marking and packaging segment. Micron Technology’s ATMP plant at Sanand in Gujarat is expected to be the first major operational unit, focusing on memory products for global markets. Two domestic groups, Tata Electronics and Kaynes Semicon, are also developing advanced packaging facilities, while CG Power, in partnership with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics, is setting up an outsourced semiconductor assembly and test unit in Gujarat. Together, these projects are intended to establish a foundational ecosystem rather than a single flagship plant.

Government officials argue that the emphasis on both fabrication and packaging reflects a deliberate strategy. While advanced-node fabs require decades of experience and heavy capital, mature-node manufacturing and packaging are seen as realistic entry points that align with India’s strengths in engineering talent, scale and cost efficiency. Officials involved in the programme say the objective is to capture value across the semiconductor chain while gradually building capabilities for more complex processes.

Public funding has played a central role. Under the incentive framework, the central government is offering support covering up to half the project cost for approved semiconductor and display manufacturing units, with additional incentives from host states. The total committed investment across approved projects runs into tens of billions of dollars, according to official estimates, making it one of the most capital-intensive industrial initiatives undertaken in the country.

Industry analysts note that the timing coincides with a global rethinking of chip supply chains. Disruptions during the pandemic years, coupled with trade and technology tensions, prompted governments and companies to seek diversified manufacturing locations. India’s pitch combines policy stability, a large domestic electronics market and strategic partnerships with established chipmakers. Executives at electronics firms say the presence of local chip production could shorten supply chains and reduce vulnerability to external shocks.

Challenges remain substantial. Semiconductor manufacturing demands ultra-reliable power, water and logistics, as well as a deep supplier base for chemicals, gases and equipment. Skills development is another constraint. While India produces large numbers of engineers, chip fabrication requires specialised expertise built through years of hands-on experience. To address this, training collaborations with overseas partners and academic institutions have been initiated, and several universities have launched semiconductor-focused programmes.

There is also scepticism about the 2035 ambition. Market researchers point out that becoming a “top” producer can be defined in different ways, whether by volume, value or technological sophistication. Countries such as Taiwan, South Korea and the United States dominate advanced-node manufacturing, while China has invested heavily across the value chain. India’s near-term projects focus on mature technologies, which serve vast markets but command lower margins. Supporters counter that demand for such chips is set to remain strong due to electric vehicles, renewable energy systems and industrial automation.

Largest-ever Hong Kong Tech Pavilion features 3 Innovation Award-winning game-changers showcasing immense potential to scale

LAS VEGAS, US – Media OutReach Newswire – 2 January 2026 – Hong Kong Science and Technology Parks Corporation (HKSTP) and Hong Kong Trade Development Council (HKTDC) will join hands in spearheading the largest-ever Hong Kong Tech Pavilion to the annual Consumer Electronics Show (CES) in Las Vegas from January 6-9 (Tue-Fri). The showcase features 61 tech companies in a dynamic mix of early-stage and mature companies in AI, robotics, healthtech, and sustainability, to signify Hong Kong’s fast-rising technology advancements and the ability to empower innovators in and out of the city to scale imagination to global impact.

Taking centre stage this year, Hong Kong Tech Pavilion stars with several CES Innovation Award winning solutions, as well as world-firsts, in a display of technology strength across the Eureka Park and Global Pavilion that includes companies less than five years old and more established ventures. Highlights include:

• Widemount Dynamics Tech: named Best of Innovation for Product in Support of Human Security for All, their Smart Firefighting Robot is designed to detect fires, navigate smoke-filled environments, provide real-time mapping, and determine the best extinguishing agent to minimize costs and risks for losses of life and asset.
• PointFit: honored under the Digital Health category, the PF-Sweat Patch is an ultra-thin wearable built with patented biomarkers tracking technology, it offers a non-invasive alternative with continuous monitoring of vitals and performance for athletes and wellbeing enthusiasts.
• Eieling Technology: honored under the Digital Health category, FattaLab® is the world’s first intelligence-driven compact fatty liver diagnostic device, delivering assessment results with medical-grade accuracy in just 30 seconds. The high level of convenience promotes early treatment to those who suffer from the disease, enabling immediate preventive care, and potentially boosts longevity.

Happenings such as announcement, product launches and briefings, and conversations to business-match at the Pavilions are lining up. That includes an introduction of GumAI, a smart oral healthcare solution developed by Dentomi, sharing more on the “Dentist coming in handy” approach; a demonstration of how DRESIO puts forth its “AI Physiotherapy for Everyone” solution; the launch of “wuBiee & wuBiee wrap” that moftBODY integrates neuroscience into smart textile onto daily shapewear, and more awaits at the Pavilions. Click here for the full line-up at Hong Kong Tech Pavilion, and schedule your visit now.

In addition, a Hong Kong Tech Networking Reception will be held on Day 2, welcoming all interested parties to engage in conversations of potential partnerships, and explore on business opportunities with Hong Kong tech companies. Registration is now open with details of the Reception as follows:

• Date: 7 January 2026
• Time: 5:30 – 7:30 pm
• Venue: Mercato Della Pescheria, The Venetian

Appendix: List of 61 tech companies at Hong Kong Tech Pavilion, including 47 within the HKSTP ecosystem (in alphabetical order)

Remarks:

• The Hong Kong Tech Pavilion is located across Eureka Park (booth #63200, Hall G) and Global Pavilion (booth #50732, Hall A-D) at The Venetian Expo.

Hashtag: #HKSTP

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HKSTP

More information about HKSTP is available at www.hkstp.org.

Global equity funds attracted sizeable inflows in the final week of 2025, reflecting sustained investor confidence as artificial intelligence-driven gains and expectations of resilient corporate earnings buoyed risk appetite across major markets. Fund flow data compiled from multiple tracking agencies showed investors adding billions of dollars to equity-focused vehicles, extending a trend that had strengthened through the closing quarter of the year.

The late-year surge followed a period of steady gains in global stock indices, underpinned by enthusiasm around productivity improvements linked to AI adoption and comparatively stable macroeconomic conditions in several advanced economies. Technology-heavy markets led the inflows, with North America and parts of Asia drawing particular interest, while Europe also registered net additions after earlier bouts of volatility tied to growth concerns.

Market participants pointed to a recalibration of expectations around monetary policy as another driver. With major central banks signalling that the peak of the tightening cycle had passed, investors appeared more willing to increase exposure to equities, especially companies positioned to benefit from automation, data analytics and cloud computing. Portfolio managers noted that the narrative around AI had broadened beyond a narrow group of mega-cap technology firms, supporting inflows into diversified equity funds rather than only thematic products.

Corporate earnings guidance also played a role in shaping sentiment. As the reporting season unfolded, many large firms indicated that margins were holding up better than feared, aided by cost discipline and selective price increases. While earnings growth varied by sector, analysts highlighted that consensus forecasts for the coming quarters stabilised after repeated downgrades earlier in the year, giving investors greater confidence to deploy capital before year-end.

Flows into emerging market equity funds showed a more nuanced picture. Some regions benefited from improving external balances and easing inflation pressures, which encouraged selective inflows, while others continued to see outflows amid currency volatility and geopolitical uncertainty. Asset managers said global investors remained discriminating, favouring markets with credible policy frameworks and exposure to global technology supply chains.

Bond funds, by contrast, recorded more modest movements during the same period, with some investors reallocating from fixed income to equities as yields plateaued. Mixed flows into money market funds suggested that cash levels remained elevated, reflecting a degree of caution even as equity allocations rose. This balance underscored what strategists described as a “measured optimism” rather than an unqualified risk-on shift.

Industry data indicated that passive equity funds and exchange-traded funds accounted for a significant share of the inflows, highlighting the continued appeal of low-cost vehicles tracking broad indices. Active equity funds also saw net subscriptions, particularly those with mandates focused on innovation, healthcare and industrial automation, sectors viewed as long-term beneficiaries of technological change.

Regional allocation patterns revealed that United States-focused funds captured the largest share of new money, supported by strong performance in technology and communication services stocks. Asia-Pacific equity funds followed, aided by signs of recovery in key economies and policy measures aimed at supporting growth. European equity funds experienced steadier, though smaller, inflows as investors weighed valuation appeal against ongoing structural challenges.

Market analysts cautioned that the momentum seen at the end of the year did not eliminate underlying risks. Valuations in some AI-linked stocks were described as demanding, leaving markets vulnerable to corrections if earnings failed to meet elevated expectations. Geopolitical tensions, trade policy uncertainty and uneven global growth were also cited as factors that could test investor confidence in the months ahead.

Ras Al Khaimah ushered in 2026 with a choreographed New Year’s Eve display that combined fireworks and drone technology on a scale not previously attempted in the emirate, securing a Guinness World Records title for the largest aerial image of a phoenix formed by multirotor drones. The 15-minute presentation unfolded along the waterfront, drawing large crowds and positioning the northern emirate at the centre of global attention as midnight celebrations rolled across time zones.

Officials confirmed that thousands of drones were deployed in tightly synchronised formations above the coast, producing a series of animated images that culminated in the phoenix, a symbol chosen to reflect renewal and ambition. The aerial sequence was interwoven with precision fireworks launched from multiple barges and shoreline points, creating a layered effect across sea and sky. Guinness adjudicators on site verified the specifications shortly after the display concluded, confirming the new benchmark had been met.

The event formed part of Ras Al Khaimah’s wider strategy to build a reputation for large-scale, family-friendly celebrations that draw international visitors beyond the traditional holiday hotspots. Organisers said months of preparation were required to coordinate aviation safety, maritime controls and public access, with authorities temporarily restricting airspace and marine traffic during the performance window. Emergency services and transport agencies operated under special plans to manage the influx of spectators along the coastal stretch.

Tourism officials described the New Year event as a showcase of how technology is reshaping public celebrations worldwide. Drone-based performances have grown rapidly over the past decade as an alternative to fireworks, offering reusable hardware, programmable precision and reduced debris. By combining both elements, the emirate aimed to deliver visual impact while demonstrating technical capability. Industry specialists note that such hybrid shows demand advanced software, redundant navigation systems and real-time monitoring to avoid collisions or signal loss.

Local hospitality operators reported strong occupancy across hotels and resorts, with restaurants and public viewing areas reaching capacity well before midnight. The celebrations extended across several zones, allowing visitors to experience the show from beaches, promenades and elevated vantage points. Authorities encouraged spectators to use public transport and designated parking areas to ease congestion, a measure that helped maintain steady pedestrian flows before and after the countdown.

The Guinness title adds to a growing list of high-profile achievements used by destinations to differentiate themselves in a competitive tourism market. Record-driven events have become a common tool to generate global media coverage and social media traction, though experts caution that they require careful balancing of spectacle, safety and sustainability. In this case, organisers highlighted the use of digitally controlled drones to minimise environmental impact compared with traditional fireworks-only displays, while acknowledging that pyrotechnics remain a key draw for audiences.

Cultural planners involved in the programme said the phoenix motif was selected to resonate across diverse audiences while aligning with the emirate’s long-term development narrative. The animated sequence depicted the bird rising and spreading its wings before dissolving into abstract patterns, followed by a countdown rendered in light above the water. Fireworks then traced the skyline in timed bursts, synchronised to a musical score broadcast along the shore.

The success of the event is likely to influence planning for future festivals and national celebrations, both within the emirate and across the region. Drone show providers are already expanding fleets and investing in higher-capacity batteries, brighter LEDs and more resilient communications links to support increasingly complex formations. Analysts say destinations that master these capabilities early can scale performances quickly for major occasions.

As crowds gathered for the New Year Countdown, they were able to enjoy a new format experience, with this year’s main event taking place at the Chater Road pedestrian zone in Central, sitting next to the Winter Wonderland display, which transformed Statue Square Gardens into a magical Christmas Town complete with a magnificent 20-metre tree and charming decorations.

A series of events including music performances and a light show were arranged by the Hong Kong Tourism Board (HKTB) with the aim of conveying positive energy, care, and blessings of peace to both locals and visitors, and to welcome a hopeful new year together.

The Hong Kong Special Administrative Region (HKSAR) Government had anticipated a large number of visitors during the festive season, which included a four-day long weekend over Christmas, while January 1 coincided with the start of a three-day long holiday on the Chinese Mainland.

The Government said the number of non-Chinese Mainland visitors reached a post-Covid record every day during the Christmas holiday with around 50,000 visitors daily from December 25 to 27, accounting for around 33% of the total number of travellers during that period.

This influx of festive visitors provided a further boost to Hong Kong’s tourism sector. In 2025, Hong Kong received 50 million visitors, marking a 12% year-on-year rise. This included 38 million visitors from the Chinese Mainland (up 11% year-on-year) and 12 million non-Chinese Mainland visitors (up 15% year-on-year).

In the Euromonitor International Top 100 City Destinations Index 2025, Hong Kong ranked second globally for international arrivals, behind only Bangkok.

The large number of visitors over festive period provided further impetus to the local tourism industry, which had already been buoyed by a series of mega events at the new Kai Tak Sports Park. Since its opening in March 2025, KTSP has become a new hub for major sports and entertainment events.

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A landmark entertainment destination has begun operations at Qiddiya City on 31 December 2025, as Six Flags Qiddiya City opened to the public near Riyadh, marking the flagship attraction of the sprawling Saudi project and the first Six Flags theme park outside North America. The launch ceremony took place under the patronage of Prince Faisal bin Bandar, Governor of Riyadh Province, with senior officials and tourism sector leaders attending to celebrate what organisers described as a major milestone in the Kingdom’s leisure and tourism expansion.

Six Flags Qiddiya City debuted with an array of attractions designed to appeal to global visitors and local families alike, with the signature offering being Falcons Flight, a steel roller coaster that now holds records as the tallest, fastest and longest of its kind in the world. The coaster reaches speeds of roughly 155 mph and rises to approximately 640 feet, dwarfing many existing high-thrill installations. Other record-setting rides include Iron Rattler, the tallest tilt coaster, and Spitfire, the tallest inverted coaster, alongside a total lineup of 28 rides and attractions across six themed lands.

Park president Brian Machamer described Six Flags Qiddiya City as more than a collection of rides, pitching the venue as a fully immersive theme park where music, themed environments and guest experience are integrated throughout, distinguishing it from traditional amusement parks in North America. He said the design and storytelling elements aim to create a cohesive environment that extends beyond individual attractions.

The opening is a cornerstone of Qiddiya City’s broader vision as a global entertainment and cultural hub. Spanning hundreds of square kilometres on the edge of the Tuwaiq Mountains roughly 45 km from downtown Riyadh, Qiddiya is envisioned as a master-planned destination where entertainment, sports, arts and education converge. Six Flags Qiddiya City represents the first operational phase of this masterplan, with additional attractions including a water theme park, motorsport and esports facilities, performance venues and residential neighbourhoods planned over the next decade.

Officials noted that the park’s launch aligns with national priorities to diversify the economy under Vision 2030, an ambitious strategy championed by Crown Prince Mohammed bin Salman to reduce reliance on oil revenues and accelerate growth in tourism and leisure sectors. Tourism Minister Ahmed Al-Khateeb highlighted the significance of the Six Flags project in positioning the Kingdom on the global entertainment map, underscoring efforts to attract millions of visitors annually.

The park offers international food and retail outlets, themed entertainment spaces and technology-enhanced guest services to meet global standards. Ticket pricing was set to attract a broad demographic, with adult entry priced at around SR325 and children’s tickets at SR275, while infants under four are admitted free. Early visitor feedback pointed to enthusiastic reception, particularly for the record-breaking coasters and themed environments.

While the opening has been widely hailed as a transformative moment for entertainment in the Middle East, analysts and industry observers have also pointed to challenges. Six Flags’ broader corporate position following its merger with Cedar Fair includes ongoing portfolio evaluations and adjustments to its existing parks, which have seen closures and operational reassessments in North America. The international expansion represented by Qiddiya carries strategic importance but also introduces new operational and financial dynamics for the company.

Local business leaders have emphasised the anticipated economic impact of the park and the wider Qiddiya development, citing job creation, supply chain opportunities and tourism revenue growth. Community groups in the Riyadh region have expressed optimism about increased cultural and entertainment offerings, while some critics have raised questions about the sustainability of mega-projects in fluctuating economic conditions. Government planners maintain that phased development and diversified attractions will help ensure long-term viability.

By K Raveendran As Indian corporates step into the new year buoyed by stronger growth momentum and easing inflationary pressures, a sense of anticipation is spreading across boardrooms and policy circles alike over a dispute that dwarfs most corporate battles seen in the country’s history. At the heart of this confrontation lies the Indian government’s […]

The article Sensation Building Up Around Country’s Biggest Ever Arbitration Award appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Saudi Arabian Mining Company, widely known as Saudi Arabian Mining Company, has outlined plans to establish a joint venture with Midana Exploration Pay Ltd to advance minerals exploration, development and mining across licensed areas of the kingdom, in a move that underscores the country’s push to expand its non-oil resource base.

Under the proposed structure, the joint venture will be capitalised initially at $5 million, with Maaden holding a controlling 50.1% stake and Hancock owning the remaining 49.9%. The vehicle is expected to focus on early-stage exploration as well as the development and eventual sale of mineral resources identified within approved concession blocks, subject to regulatory clearances.

The announcement comes as Saudi Arabia accelerates efforts to map and commercialise its estimated multi-trillion-dollar mineral endowment, a pillar of the Vision 2030 strategy aimed at diversifying fiscal revenues and building domestic industrial supply chains. Officials and industry executives have repeatedly highlighted underexplored deposits of gold, copper, zinc, phosphate, bauxite and rare earth elements as areas of strategic interest.

Maaden, majority owned by the Public Investment Fund, has over the past decade evolved from a single-commodity operator into a diversified mining champion spanning gold, aluminium, phosphate fertilisers and industrial minerals. The proposed partnership with Hancock signals a renewed emphasis on upstream exploration, an area that demands specialised geological expertise, patient capital and risk-sharing arrangements.

Hancock, through its local exploration arm, has built a portfolio of prospecting licences and geological data across several regions of the kingdom. Industry observers say its familiarity with Saudi Arabia’s licensing framework and field operations complements Maaden’s balance sheet strength, project development experience and access to downstream markets.

According to people familiar with the matter, the joint venture is designed to move swiftly from desktop studies to on-ground surveys, including geophysical mapping and targeted drilling. Any commercial discoveries would then be evaluated for standalone development or integration into Maaden’s existing asset base, depending on scale, mineral type and infrastructure considerations.

The modest initial capital reflects the early-stage nature of the venture, with provisions allowing for additional funding rounds as projects advance. Mining analysts note that exploration budgets often expand sharply once priority targets are identified, particularly for metals linked to energy transition technologies such as copper and battery minerals.

Saudi Arabia has spent heavily on geological surveying over the past few years, releasing high-resolution data to attract private and foreign investors. The Ministry of Industry and Mineral Resources has also reformed the mining law to streamline licensing, strengthen environmental oversight and provide longer concession terms, measures that have been welcomed by global miners.

Within this policy backdrop, Maaden’s majority stake ensures strategic alignment with national priorities while allowing its partner operational flexibility. The 50.1-49.9 split also gives Maaden consolidation rights over any successful projects, a factor likely to reassure lenders and potential offtake partners at later stages.

Market participants see the joint venture as part of a broader trend of collaborative exploration models in the kingdom, where state-backed entities pair with specialised firms to spread risk and accelerate discovery timelines. Similar structures have been adopted in other resource-rich jurisdictions seeking to build domestic mining ecosystems without shouldering all the geological risk alone.

Environmental and social governance considerations are expected to feature prominently as projects move forward. Saudi regulators have tightened requirements around land rehabilitation, water use and community engagement, and Maaden has publicly committed to aligning new developments with international sustainability benchmarks.