Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
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HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Economy

Ericsson sets up ASIC R&D unit in Bengaluru to boost 5G chip design in India

Ericsson has launched a dedicated ASIC (Application-Specific Integrated Circuit) development unit in Bengaluru, expanding its R&D presence in India. The move is part of a strategy to strengthen semiconductor design capabilities and tap into India's deep tech talent. Over 150 professionals will be hired for the new unit. The facility will support Ericsson's proprietary Silicon platform, which powers its energy-efficient, high-performance hardware for 5G networks. Already running R&D centres in Bengaluru, Chennai, and Gurugram, Ericsson's latest step reinforces its role in shaping India's telecom ecosystem. The initiative also aligns with the country's broader goals of growing its semiconductor and 5G infrastructure.Read more

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