India Approves Two Semiconductor Projects Worth $414 Million

Prime minister of India Narendra Modi leaves after the hand shake photo with President of Vietnam To Lam prior to a meeting at Hyderabad House in New Delhi, India, 06 May 2026. EPA/RAJAT GUPTA
Prime minister of India Narendra Modi leaves after the hand shake photo with President of Vietnam To Lam prior to a meeting at Hyderabad House in New Delhi, India, 06 May 2026. EPA/RAJAT GUPTA
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India Approves Two Semiconductor Projects Worth $414 Million

Prime minister of India Narendra Modi leaves after the hand shake photo with President of Vietnam To Lam prior to a meeting at Hyderabad House in New Delhi, India, 06 May 2026. EPA/RAJAT GUPTA
Prime minister of India Narendra Modi leaves after the hand shake photo with President of Vietnam To Lam prior to a meeting at Hyderabad House in New Delhi, India, 06 May 2026. EPA/RAJAT GUPTA

India said it had approved two new semiconductor projects worth $414 million, as the government accelerates efforts to establish the country as a global electronics powerhouse.

The projects -- an LED display facility and a semiconductor packaging unit -- were cleared late Monday, taking the total number of facilities in India to 12, with a total investment of about $17.2 billion.

New Delhi launched its push into domestic chipmaking in 2021 and has since backed a range of fabrication, design and packaging units as part of a broader strategy to cut import dependence and strengthen supply chains.

Prime Minister Narendra Modi said the two new projects were a part of "our efforts towards making India a leader in the global semiconductor value chain".

"India's advances in the world of semiconductors will boost economic transformation, technological self-reliance and encourage the innovation ecosystem," AFP quoted him as saying on social media.

The LED project will be an "integrated facility for compound semiconductor fabrication" aimed at producing mini and micro display modules, the government said in a statement.

The packaging unit will cater to automotive, industrial and electronics sectors.

The projects would provide a "significant boost" to the country's semiconductor ecosystem and "complement the growing world class chip design capabilities coming up in the country", it said.

India's chip market has risen from around $38 billion in 2023 to an estimated $45-$50 billion in 2024-2025.

The government is targeting $100-$110 billion by 2030.

Several previously approved plants have begun production, with two facilities already starting commercial shipments.



How AI Is Changing Event Discovery, Booking

Nadeem Bakhsh, chief executive and co-founder of webook.com (Company handout)
Nadeem Bakhsh, chief executive and co-founder of webook.com (Company handout)
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How AI Is Changing Event Discovery, Booking

Nadeem Bakhsh, chief executive and co-founder of webook.com (Company handout)
Nadeem Bakhsh, chief executive and co-founder of webook.com (Company handout)

A night out can start with a simple question: “What should we do tonight?”

That is where traditional search can struggle. It works best when users already know the event, date, or location they want. Booking platforms are now using artificial intelligence to tackle the opposite problem: first understanding vague intent, then turning it into options that can actually be booked.

Nadeem Bakhsh, chief executive and co-founder of webook.com, says the platform’s AI booking agent was not built because existing search tools were failing. It was designed to add another layer of discovery for users who do not yet know exactly what they want.

Speaking to Asharq Al-Awsat, Bakhsh said search and filters remain effective when users have a clear target. Open-ended questions, however, require the system to understand context before it can surface the right option.

From keywords to intent

In its first version, the agent uses natural language processing in Arabic and English and can handle informal requests that include location, preferences, group type or booking criteria.

Users do not need to know an event’s name or phrase their request like a search query, Bakhsh said. They can simply ask for a family activity, a nearby experience or something available in the evening.

The system then interprets the request, identifies the relevant details and matches them with options in the platform’s live catalog.

If key information is missing, the agent is designed to ask for clarification rather than produce a generic list that may not fit the user’s needs.

That makes accuracy central to the experience. The more discovery shifts from explicit search to conversation, the greater the risk that a question will be misunderstood or misinterpreted.

When the agent gets it wrong

Bakhsh acknowledges that mistakes are part of using AI systems.

The agent, he said, “should not pretend to know.” If a request is unclear or incomplete, it should ask for more information rather than force an unreliable recommendation.

The official booking page remains the final authority on availability, prices, fees and event terms. If information changes or tickets sell out before a purchase is completed, the details shown in the official booking flow take precedence over anything said earlier in the conversation.

When the agent cannot verify information, Bakhsh said, it should direct the user to official event details or human support.

A correction from the user may also help improve the next response, but Bakhsh does not present that as a guarantee that the same mistake will not happen again.

Recommendation or advertising?

Trust becomes a commercial issue when the agent is not only finding events, but ranking and recommending them.

Bakhsh said the system is meant to match user intent with options that are genuinely available to book, not present paid advertising as personal advice.

Recommendations are based on criteria supplied by the user, including location, timing, group type and activity preference, as well as live availability.

Any paid or sponsored placement, he said, should be clearly labeled so users can distinguish an organic recommendation from commercial content.

“Trust depends on making that distinction clear,” Bakhsh said.

One journey, several channels

The experience becomes more complicated when the conversation starts outside the booking platform itself, on services such as X, Instagram or WhatsApp.

Bakhsh said the agent uses information users choose to provide, such as location, timing, group type, interests and booking criteria, to make suggestions more relevant.

Public interactions remain limited to discovery. Once greater privacy is required, the conversation moves to a private channel and then into webook.com’s secure booking environment.

Card details and other sensitive personal information should not be requested through public posts, comments or direct messages on social media, he said.

Personal data remains subject to the platform’s privacy policy and to legal and regulatory retention requirements.

Bakhsh also said data is not treated as freely transferable from one channel to another. Any personalization depends on the permissions granted by the user and the purpose for which the data was collected.

What webook.com builds — and what it does not

The agent is not built entirely with in-house technology.

Bakhsh said webook.com develops and operates the core product layer and orchestration system. That includes understanding booking intent, linking it to the catalog, applying product logic, generating recommendations and directing users into the secure booking flow.

External infrastructure is used when needed for language-model processing, cloud services and access to channels such as X, Instagram and WhatsApp.

Those providers supply infrastructure or distribution channels, Bakhsh said, but they do not own the event inventory, booking logic or customer journey.

The company does not disclose vendor architecture or security-sensitive implementation details.

Bakhsh also stressed that the agent remains in beta and can make mistakes. Users should verify event details and final booking information on the official page before completing a transaction.

Discovery ends where the transaction begins

One of the main safeguards in the system is the separation between conversation and payment.

The agent may respond to a general request in a public space, but when privacy becomes necessary, it moves the interaction into a private channel and then directs the user to an official, identity-linked booking flow.

It does not request card details or sensitive information through social media posts, comments, or direct messages.

Bakhsh said this structure helps limit the impact of prompt manipulation, impersonation, fraudulent accounts, and fake booking links.

The conversational layer can help users find an event, but it cannot bypass the inventory, account, pricing, or payment controls on the official platform.

The agent does not set the price

Once a user moves from discovery to purchase, the agent’s role stops at a clear boundary.

Options come from the live catalog, but the official booking page remains the authoritative transaction interface.

Before confirming, users see current availability, the final price, booking fees and event-specific terms, including cancellation and refund policies.

The agent cannot change those terms or guarantee that a ticket will still be available while a user waits.

Age restrictions and accessibility requirements are shown only when they appear in the official event details. If the information is unclear, the system is not supposed to guess.

AI, in other words, changes how users reach an option. It does not change the contractual terms or controls governing the purchase.

Bakhsh also links the agent to a broader framework called TruFan, while drawing a distinction between the two.

The AI agent operates at the start of the journey, turning natural-language requests into bookable options.

TruFan addresses a different stage: integrity and access to high-demand events, by helping identify genuine, verified fans and giving them priority.


Apple Paid 40% of its Global Taxes to Ireland in Last Fiscal Year

FILE PHOTO: An Apple logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: An Apple logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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Apple Paid 40% of its Global Taxes to Ireland in Last Fiscal Year

FILE PHOTO: An Apple logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: An Apple logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Apple paid Ireland $17.1billion in taxes last year, representing around 40% of its worldwide total, according to a company filing that detailed the iPhone maker's global tax liabilities country-by-country.

Apple said the amount paid to Ireland was "significantly higher" than income taxes accrued as it included €13 billion ($15.18 billion) in back taxes that it was ordered to pay Ireland by European Union's top court in 2024, Reuters reported.

Ireland fought the EU back-tax bill alongside Apple for eight years, seeking to defend its position as the location of choice for US multinationals in Europe - and the billions of euros in direct and indirect taxes they bring in each year.

In 2016, the European Commission's competition chief at the time, Margrethe Vestager, accused Ireland of having granted Apple illegal tax benefits, unfairly diverting investment away from other countries.

Apple paid $43.2 billion in income taxes worldwide in the fiscal year that ended in September 2025.


ACE Robotics CEO: Robot Brains Will Have 'ChatGPT Moment' by End of 2027

Wang Xiaogang, co-founder of SenseTime and chairman of ACE Robotics, speaks during an interview with Reuters at the booth of ACE Robotics, during the 2026 World Robot Conference, in Beijing, China, August 21, 2026. REUTERS/Tingshu Wang
Wang Xiaogang, co-founder of SenseTime and chairman of ACE Robotics, speaks during an interview with Reuters at the booth of ACE Robotics, during the 2026 World Robot Conference, in Beijing, China, August 21, 2026. REUTERS/Tingshu Wang
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ACE Robotics CEO: Robot Brains Will Have 'ChatGPT Moment' by End of 2027

Wang Xiaogang, co-founder of SenseTime and chairman of ACE Robotics, speaks during an interview with Reuters at the booth of ACE Robotics, during the 2026 World Robot Conference, in Beijing, China, August 21, 2026. REUTERS/Tingshu Wang
Wang Xiaogang, co-founder of SenseTime and chairman of ACE Robotics, speaks during an interview with Reuters at the booth of ACE Robotics, during the 2026 World Robot Conference, in Beijing, China, August 21, 2026. REUTERS/Tingshu Wang

Humanoid robot brains could see a breakthrough by late next year similar to the dramatic impact ChatGPT had on AI ​usage, the CEO of Chinese embodied AI startup ACE Robotics said on Friday.

"We expect to reach the 'ChatGPT moment' for embodied intelligence by the end of next year, driven by world models and environmental data capture," Wang Xiaogang told Reuters.

"Even if we reach that inflection point by late 2027, it will likely take another four to five years to see broad commercial implementation of embodied world models across sectors," said Wang, who is also a co-founder of Chinese AI visual recognition pioneer SenseTime.

While large language models such as ChatGPT and DeepSeek have become a staple in workplaces and households globally, AI models that allow a robot ‌to smoothly complete ‌a wide range of tasks in unfamiliar physical environments remain distant.

And as ​more ‌companies ⁠in ​China's fledgling ⁠humanoid robot industry seek funding and high valuations, investors are placing more importance on real-world deployment over activities such as dance or athletics to demonstrate their economic value.

Embodied AI models determine the intelligence and autonomous operation abilities of robots.

Unlike large language models, these physical AI simulation systems are designed to help robots understand and navigate real-world environments in real time.

Wang Xingxing, the founder of China's Unitree, this week predicted that robot brains could see a dramatic breakthrough in two to three years at the earliest.

He and other Chinese robotics CEOs have acknowledged ⁠that acquiring high-quality real-life training data for these models remains a bottleneck.

ACE ‌Robotics, which was founded in July 2025 and is backed by ‌Ant Group and SenseTime, has raised more than $100 million in the ​first half of this year through several financing ‌rounds.

Wang said it aims to launch an initial public offering (IPO) "as early as permitted". Chinese listing ‌rules typically require companies to have at least three fiscal years of operation.

The company's open-source Kairos-4B model is ranked first globally by public benchmarks, outperforming world models such as Nvidia's Cosmos 3 and Ant Group's Lingbot despite having a much smaller 4 billion parameter count.

The world model integrates perception, multi-modal understanding, physical simulation and action planning. It can also generate ‌long-horizon video and action predictions over multi-minute sequences.

Many robot companies including Unitree and startup X Square are developing their own embodied AI foundation ⁠models.

"Over the past few ⁠years, the entire industry has accumulated data of roughly 100,000 hours, which is far from enough to train embodied foundation models," said ACE's Wang.

He said ACE is rapidly scaling data collection by using people on real production lines fitted with lightweight sensors.

"The collection efficiency is extremely high ... We expect to accumulate tens of millions of hours of data within two years," Wang added.

Many firms train humanoid robots using physical tele-operation, where workers wearing exoskeletons and controllers repeat simple physical movements hundreds of times a day.

ACE is deploying its embodied AI models in commercial settings such as unmanned retail stores, hotel services and instant-delivery warehouses staffed by humanoid robots from Chinese makers including Unitree, AgiBot and Fourier.

"We plan to deploy in at least 1,000 stores over the coming year, scaling to 10,000 stores in two years," said Wang.

For training its models, ACE uses ​AI chips from Nvidia as well as Chinese ​makers including Rhino Tech and Digua Robotics.

"This diversifies our supply chain, because in the future, we will definitely need comprehensive intelligent hardware solutions, and their costs need to be significantly reduced," said Wang.