Latest news with #Faruqui
Time of India
5 days ago
- Automotive
- Time of India
CG Power's chip plans rocked by turmoil at wafer company Wolfspeed
Reports of a likely bankruptcy filing by US-based silicon carbide (SiC) wafer maker Wolfspeed are sending shockwaves through the global semiconductor industry and could impact Murugappa group-owned CG Power's upcoming outsourced semiconductor assembly and test facility (OSAT) in Sanand, experts told ET. Japan's Renesas Electronics, CG Power's partner for the project, has a long-term $2-billion SiC wafer supply agreement with Wolfspeed, which is now reportedly on the brink of default. Since Renesas has already made advance payments under the contract, it risks a financial setback besides supply disruptions. CG Power's OSAT facility, which was betting on demand from Renesas, may face headwinds as a result, experts explained. "Wolfspeed's impending bankruptcy will cause supply disruptions globally including Japan, China and even India," said Danish Faruqui, CEO of US-based semiconductor investment advisory Fab Economics. "If Wolfspeed undergoes bankruptcy proceedings, Renesas will face significant accounting losses to recognise impairment losses because it will likely struggle to recover the advance payment of $2 billion." This, he added, may hamper Renesas' ability to continue supporting global JVs with the vision of expanding production capabilities. Wolfspeed, in a recent SEC filing, said "substantial doubt exists" about its ability to continue as a going concern. Within three days of that, Renesas reportedly decided to halt in-house production of SiC power chips , Faruqui noted. "There is a high possibility of a bankruptcy filing which shall not only be a setback to Renesas but also for its downstream partners like CG Power's OSAT," he said. Queries sent to CG Power and Renesas remained unanswered as of press time Thursday. Devroop Dhar, cofounder and board member at Primus Partners, agreed that the development could impact the CG Power venture at least in the short term. "A lot will depend on the kind of financial hit that Renesas takes and how much time they take to rebound," he said. "If Renesas is going to be down for a long time, then CG Power's plant would really have to be completely reassessed because both from a technology and demand perspective, they are dependent on Renesas as the STMicroelectronics is only an OSAT partner. They are not going to bring any design, capability or demand." CG Power holds a majority 92.3% stake in the joint venture OSAT, with Renesas holding 6.8%.
Time of India
5 days ago
- Business
- Time of India
CG Power's chip plans rocked by turmoil at wafer company Wolfspeed
Live Events Reports of a likely bankruptcy filing by US-based silicon carbide (SiC) wafer maker Wolfspeed are sending shockwaves through the global semiconductor industry and could impact Murugappa group-owned CG Power 's upcoming outsourced semiconductor assembly and test facility ( OSAT ) in Sanand, experts told Renesas Electronics , CG Power's partner for the project, has a long-term $2-billion SiC wafer supply agreement with Wolfspeed, which is now reportedly on the brink of Renesas has already made advance payments under the contract, it risks a financial setback besides supply disruptions. CG Power's OSAT facility, which was betting on demand from Renesas, may face headwinds as a result, experts explained."Wolfspeed's impending bankruptcy will cause supply disruptions globally including Japan, China and even India," said Danish Faruqui, CEO of US-based semiconductor investment advisory Fab Economics. "If Wolfspeed undergoes bankruptcy proceedings, Renesas will face significant accounting losses to recognise impairment losses because it will likely struggle to recover the advance payment of $2 billion."This, he added, may hamper Renesas' ability to continue supporting global JVs with the vision of expanding production in a recent SEC filing, said "substantial doubt exists" about its ability to continue as a going concern. Within three days of that, Renesas reportedly decided to halt in-house production of SiC power chips , Faruqui noted."There is a high possibility of a bankruptcy filing which shall not only be a setback to Renesas but also for its downstream partners like CG Power's OSAT," he sent to CG Power and Renesas remained unanswered as of press time Dhar, cofounder and board member at Primus Partners, agreed that the development could impact the CG Power venture at least in the short term."A lot will depend on the kind of financial hit that Renesas takes and how much time they take to rebound," he said."If Renesas is going to be down for a long time, then CG Power's plant would really have to be completely reassessed because both from a technology and demand perspective, they are dependent on Renesas as the STMicroelectronics is only an OSAT partner. They are not going to bring any design, capability or demand."CG Power holds a majority 92.3% stake in the joint venture OSAT, with Renesas holding 6.8%.
Time of India
09-05-2025
- Entertainment
- Time of India
Munawar Faruqui calls for unity after Operation Sindoor; asks everyone to pray for armed forces and their families
In the wake of Operation Sindoor , comedian and reality star Munawar Faruqui has called for national unity, urging citizens to stand together during these tense times. Taking to social media, Faruqui praised the efforts of the armed forces in Operation Sindoor, which targeted terror camps in Pakistan-occupied Kashmir and parts of Pakistan. Describing the strikes as a 'necessary' and just response, he went on to emphasise the importance of solidarity among Indians rather than raising conflict over differences of opinion. He penned a post that read, "Hum mehfuz hai, kyuki humare liye koi khada hai sarhad pe, iss waqt hum sabka saath rehna aur ek dusre ka sath dena zaruri hai, aapas me ladna ya kisi ko blame karna fizool hai. Operation Sindoor Air siren warning sounded in Chandigarh, residents advised to stay indoors J&K, Punjab, Rajasthan on high alert after Pak's failed drone attacks Conflict widens, India targets Lahore, Pindi, Karachi after foiling multiple Pakistani attacks Har voh soldier ke liye dua karo! Aur voh maa ke liye jisne itna bada dil karke unhe sarhad pe bheja hai. Indian Army . Hindustan aabad rahe hamesha…" The post roughly translates to, 'We are safe because someone stands at the border for us.' Calling for unity, he went on to say, 'Right now, staying united and supporting each other is crucial. Fighting among ourselves or blaming one another is pointless." He also called for prayers for the armed forces personnel guarding the borders and their families. He said, "Pray for every soldier — and for every mother who sent her son to guard our borders with courage." The post was accompanied by the Indian flag and praying hands emojis, concluding with a hopeful message: 'Hindustan aabaad rahe hamesha (May India always prosper)." Faruqui, in a previous statement, commended the Indian Armed Forces in a tweet that lauded them for their "much-needed response to the enemies of humanity." His message resonated with fans across social media. He now joins a growing list of stars who have lauded the army, navy and airforce, while also calling for peace. Check out our list of the latest Hindi , English , Tamil , Telugu , Malayalam , and Kannada movies . And don't miss our picks for the best Hindi movies , best Tamil movies, and best Telugu films .
Express Tribune
23-04-2025
- Entertainment
- Express Tribune
Sharmila Faruqui slams Khalilur Rehman Qamar, says his dramas should be boycotted
Pakistan Peoples Party (PPP) politician Sharmila Faruqui has made her stance crystal clear regarding writer Khalilur Rehman Qamar. During her appearance on TV host Waseem Badami's show, Faruqui expressed strong disapproval of the renowned drama writer, openly calling him a 'misogynist' and stating that his work should not be supported. The moment Qamar's name was mentioned in a game segment, Faruqui instantly reacted with, 'Uff, I don't like him or I don't want to talk about him.' When Waseem Badami asked her to clarify her opinion, she did not hesitate to reaffirm her view, declaring, 'He is such a misogynist.' Badami followed up by asking whether she believed women should refuse to work on his projects. In response, Faruqui said, 'I think nobody should even watch his dramas and producers also should not produce his serials.' She voiced full support for a boycott of his work, citing what she described as his 'very below the belt' remarks, which she found highly inappropriate. The writer has been under fire for his comments about Saba Qamar and Mahira Khan. His feud with Saba Qamar began when he criticized her dress choice at an award show, claiming that her attire went against his values and beliefs. Despite acknowledging her talent, he made it clear that she could never work in any of his projects due to her fashion choices. He is also notorious for several of his feuds in the Pakistani entertainment industry notably with Noman Ijaz, Adnan Malik, Urwa Hocane and Resham. Faruqui also commented on a recent controversy involving actor Danish Taimoor, criticising his 'flhal' remark and describing it as 'so disgusting.' She went on to praise Ayeza Khan, his wife, for maintaining her grace after the remark was made during a live show.
Yahoo
22-04-2025
- Politics
- Yahoo
After arrest, Decatur Council urged to expand mental health support at Police Department
Apr. 22—Council President Jacob Ladner on Monday said he supports hiring more mental health liaisons for the Decatur Police Department following the release of body camera footage showing officers using force — including a Taser — to arrest a man apparently undergoing a mental health crisis last week. His comments came at a City Council meeting that opened with a public hearing on a separate agenda item, but quickly turned to the topic of policing when resident Mike Faruqui raised concerns about last Tuesday's incident and criticized the council's decision to continue funding school resource officers at Decatur City Schools. "So you're saying SROs are not a good use of taxpayer money?" asked Councilman Kyle Pike. "I would say a department that has demonstrated a severe lack of judgment and misconduct — and nothing has been done about it — is not a good use of money," Faruqui replied. "Part of that is getting better officers so we don't have incidents like Tuesday's again." Faruqui then turned to Mayor Tab Bowling, who responded, "I'm not going to talk about Tuesday." Decatur police released statements from interim Police Chief Nadis Carlisle Jr. on Friday and Saturday and nearly 30 minutes of body camera footage on Friday related to the arrest of John Daniel Scott Jr., 41, a man they say was experiencing a mental health episode. According to police, officers initially spoke with Scott earlier last Tuesday without incident after a 911 call from his mother, who was concerned about his behavior. Later that night, police encountered Scott again at Brookridge Apartments, where he appeared erratic and was sweating heavily. Scott repeatedly refused to get into the ambulance. Police said Scott resisted arrest on the warrant, prompting the use of a Taser, physical strikes, and a takedown to subdue him due to his size and strength. While being booked at the Morgan County Jail, police said Scott continued to resist and later began showing signs of medical distress. He was taken to Decatur Morgan Hospital, where he required "life-saving measures," and was later transferred to Huntsville Hospital. When the floor opened for public comments at Monday's council meeting, Bowling left the room — a routine practice he began in January 2024, saying that many public remarks had become unconstructive and included threats and unfounded accusations against him and other officials. Several residents voiced concern about the arrest of Scott. Sarah French expressed sympathy for Scott's mother, Paulette Tennison. "Once again, I find myself seeing another mother, and I can't imagine being in her shoes," French said. "Honestly, no matter if he had done something or not, I don't see the reason to beat someone so badly." French also called for better mental health resources within the Police Department. "One mental health worker on payroll — where was she that day?" she asked. "If she's unavailable, there should be a backup. There should be a mental health worker available 24/7." In Saturday's press release, Carlisle said an officer at the scene suspected Scott was under the influence of illicit drugs, and that the department's mental health liaison had been contacted about the initial encounter. However, he said Scott did not meet the criteria for involuntary hospitalization at that time. Resident Sharonda Acklin also pressed the council for more mental health support within the department. "We have one mental health liaison? How does that make sense?" Acklin asked. Ladner explained that current liaison Kate Anderson was hired in 2021 under former Chief Nate Allen. "So you feel like one is sufficient?" Acklin asked. "Probably not," Ladner replied. Ladner said adding more liaisons requires a formal request from the police chief before the council can act. "We can ask the chief," Ladner said, "but as of now, they have not requested any additional liaisons." Carlisle did not immediately respond to questions Monday. — The video The bodycam video begins with a group of officers speaking calmly with Scott outside Brookridge Apartments, with an ambulance and emergency medical technicians present. The tone appears friendly, and Scott and the officers seem to be in good spirits. "You do have that warrant, so whenever you get done with the hospital, tomorrow you need to go settle that with Morgan County," one officer tells him. Officers encourage Scott to go with EMTs to the hospital, but he refuses. One officer explains that Scott has two options: ride with the EMTs to the hospital or be taken to jail by police. Around the 15-minute mark, when officers attempt to place Scott under arrest, the situation escalates quickly. Scott becomes visibly agitated and begins resisting as officers try to handcuff him. A traffic ticket issued to Scott in 2020 lists him as being 6-foot-2 and 300 pounds. "Ah, s---, ah my neck," Scott shouts as he rolls on the ground. Officers struggle to gain control. "Let go of my hand," one officer says. "Do it," another officer adds as a Taser is deployed. Scott continues to resist and grabs at officers. "Let go of my f---ing thigh," one officer yells. "Come on man, I'm going to punch you in the f---ing face if you don't do it," another says, just before deploying a second Taser around the 17-minute mark. The struggle continues as officers lift Scott off the ground and try to place him in a patrol vehicle. During this process, the footage shows Scott spitting at one officer and later kicking another while they attempt to restrain him in the back seat. "I can't breathe," Scott says repeatedly. The video ends with Scott being loaded into a patrol car. — or 256-340-2442.
