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Time of India
5 hours ago
- Business
- Time of India
TSMC staff accused of stealing 2nm secrets, sharing with rival Rapidus
A new controversy has erupted in the semiconductor industry , with reports alleging that TSMC employees leaked highly sensitive 2nm process technology details to Japanese rival Rapidus. Investigators in Taiwan are looking into the incident, which involves "hundreds" of technical photos related to advanced chipmaking methods. The revelations have sparked concerns about corporate security in the high-risk world of semiconductor innovation. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program While the competitive impact is unclear, the case highlights rising security risks in semiconductor manufacturing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo ALSO READ: Thousands trash GPT-5 on Reddit, saying ChatGPT's big update is 'horrible' How did TSMC find out about the supposed leak? Taiwanese news sources say that the leak includes "hundreds" of technical photos of process integration that allegedly got to the Japanese chipmaker Rapidus. Live Events A current TSMC employee who worked with a former colleague now at Tokyo Electron (TEL), a supplier to both TSMC and Rapidus, is said to have sent these pictures, which show important steps in the manufacturing process, as per a report by Tom's Hardware. TSMC's internal monitoring systems first noticed strange behavior, which led to a more thorough look into the matter. This proved that private information had been shared and accessed. There is no proof that TEL knew about or was involved in the alleged wrongdoing, but the connection between the two people is now a key part of the investigation, as per a report by Tom's Hardware. What makes 2nm process photos so sensitive? Process integration photos show how different steps in making a semiconductor chip, like deposition, lithography, and etching, come together to make a working chip. Chipmakers usually keep their designs, materials, and process flows secret, but these visual blueprints can show them off. For a cutting-edge node like 2nm, these details could lead to new technologies like gate-all-around transistors or more advanced patterning methods. These kinds of pictures probably won't be enough for another company to copy an entire process, but they could help improve manufacturing tools or give insights into a competitor's production capabilities, as per a report by Tom's Hardware. Could this really help Rapidus? Rapidus has said in public that it is working with IBM to make its own 2nm-class technology, with the goal of starting mass production in 2027. It's important to note that TSMC and Rapidus process wafers in different ways, which means that the leaked photos may not be very useful for technical reasons. But in an industry where billions of dollars depend on staying ahead of the curve, even a little bit of information about a competitor's process can be useful for setting standards and making plans. That is why the claims have gotten a lot of attention, even though they haven't been proven yet, as per a report by Tom's Hardware. Early reports said that as many as six people might be involved, but newer reports say that number is closer to ten. It hasn't been made clear what the leaked images show, so it's still unclear how much damage they could do to TSMC or how much benefit they could bring to Rapidus. TSMC and Taiwan's Intellectual Property Branch of the High Prosecutors' Office are still looking into it. FAQs What is TSMC investigating? A possible leak of hundreds of sensitive 2nm process photos to rival Rapidus. Who is allegedly involved? Tokyo Electron now employs a former staff member and a current TSMC employee.
Time of India
9 hours ago
- Automotive
- Time of India
Three, including two customers, dead, three injured in roof collapse in Gadchiroli
Three persons died and an equal number were injured on Friday after the roof of a service centre attached to an automobile showroom partially collapsed in Gadchiroli in Maharashtra, a police official said. The incident took place at 5:15pm in Armori, the official said, adding the portion of the showroom housing the service centre was in a dilapidated condition. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "There were six persons in the service centre at the time of the incident. Three persons, comprising an employee of the showroom and two customers who had come to get their vehicles serviced, died. Three persons were injured. They are in stable condition and out of danger," the official said.
Time of India
18 hours ago
- Business
- Time of India
DLF to invest Rs 23,500 cr to complete ongoing housing projects in Delhi-NCR, Mumbai
India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai . According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority ( RERA ). Apart from that, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Live Events Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh. During the current July-September quarter, DLF Ltd and Trident Realty launched a housing project comprising 416 flats in Mumbai and also sold all units for around Rs 2,300 crore. In the first quarter, the company launched and sold all 1,164 luxury apartments for about Rs 11,000 crore in its new housing project 'DLF Privana North' in Gurugram. This project is part of its 116-acre township. Last year, DLF had in this township launched and completely sold out two projects - 'DLF Privana West' and 'DLF Privana South' - for around Rs 12,800 crore. These new launches have helped DLF in achieving record sales bookings during the last fiscal year, and the company is targeting to repeat its performance. DLF's sales bookings stood at a record Rs 21,223 crore in the last fiscal as against Rs 14,778 crore in the 2023-24. During the 2022-23 fiscal, the company's sales bookings stood at Rs 15,058 crore. For the current financial year, DLF has given a sales bookings guidance of Rs 20,000-22,000 crore, and it has already sold properties worth Rs 11,425 crore in the first quarter of this fiscal. DLF Group is primarily engaged in the business of the sale of residential properties (development business) and leasing of commercial and retail properties (annuity business). The Group has developed more than 185 real estate projects comprising a total area of more than 352 million sq ft. It also has an annuity portfolio of 46 million sq ft. DLF has 280 million sq ft of development potential across the residential and commercial segments, including current projects under execution and the identified pipeline. Economic Times WhatsApp channel )
Time of India
20 hours ago
- Business
- Time of India
India bonds edge down in thin trade before debt sale
Indian government bonds dipped in early trading on Friday, as investors remained wary ahead of the weekly debt sale that will test demand in the wake of a disappointing central bank policy decision. The yield on the benchmark 10-year bond was at 6.3949%, as of 10:20 a.m. IST, while it closed at 6.3861% on Thursday. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Bond yields move inversely to prices. Bonds Corner Powered By India bonds edge down in thin trade before debt sale Indian government bonds experienced a dip in early trading on Friday. Investors are cautious before the weekly debt sale. This sale will test demand after a disappointing central bank policy decision. The Reserve Bank of India's decision to hold rates impacted investor appetite. Market participants await next quarter's GDP data for policy easing cues. RBI rate pause offers a window of opportunity for fixed-income investors Retail investors still cautious despite easier access to corporate bonds: Jessica Shah US Treasury yield spike in short span fuels speculation about cause India Inc turning to corporate bonds and commercial papers amid sluggish bank credit growth Browse all Bonds News with New Delhi is set to raise 250 billion rupees ($2.86 billion)through the sale of seven-year and 50-year bonds in the debt auction later in the day. The RBI's decision to hold rates and a lack of dovish cues in the Governor's statement had pared rate easing bets. It has curbed investor appetite for debt, traders said, adding that demand for auction will be key for determining direction of bond yields. Live Events "The uncertainties appear to have increased for bonds," said Sandeep Bagla, CEO at Trust Mutual Fund. "With core inflation stubbornly high and headline inflation projected at 4.9% after a few months, there seems to be little room for an immediate rally." Market participants are now awaiting next quarter's GDP data by August-end for cues on the RBI's policy easing trajectory. U.S. President Donald Trump's 50% tariffs on Indian imports could hurt India's growth prospects as it would curtail India's ambitions to develop its manufacturing sector and hurt its garment makers. RATES India's overnight index swap rates were little changed after witnessing some receiving in the previous session. The one-year OIS rate was steady 5.49% and the two-year OIS rate was slightly up at 5.45%. The liquid five-year OIS rate was unchanged at 5.67%. ($1 = 87.5630 Indian rupees).
Time of India
a day ago
- Climate
- Time of India
Rapidly spreading brush fire forces evacuations north of Los Angeles
A brush fire in a mountainous area north of Los Angeles ignited and spread quickly Thursday, forcing thousands of evacuations. The Canyon Fire ignited around 1:30 p.m., growing to over 1.6 square miles (4.1 square kilometers) in less than three hours, according to Ventura County emergency response. It remained zero percent contained late Thursday afternoon and was spreading east, the county said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The fire is burning just south of Lake Piru, a reservoir located in the Los Padres National Forest . It's close by Lake Castaic, a popular recreation area burned by the Hughes Fire in January. That fire burned about 15 square miles (39 square kilometers) in six hours and put 50,000 people under evacuation orders or warnings. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo In LA County, around 4,200 residents and 1,400 structures are under an evacuation order, and another 12,500 residents are under an evacuation warning, said spokesperson Andrew Dowd for the Venture County Fire Department. The evacuation zones in nearby Ventura County are relatively unpopulated, Dowd said. Fifty-six people were evacuated from the Lake Piru recreation area. Live Events Dowd said the fire was a "very dynamic situation" caused by hot, dry weather, steep and rugged terrain and dry fuel. There were 250 firefighters on the ground coordinating with helicopters and other air support, he said. LA County Supervisor Kathryn Barger , who represents the district, urged residents to evacuate. "Extreme heat and low humidity in our north county have created dangerous conditions where flames can spread with alarming speed," Barger said in a statement. "If first responders tell you to leave, go-without hesitation." The new blaze comes as a massive wildfire in Central California became the state's largest blaze of the year, threatening hundreds of homes and burning out of control in the Los Padres National Forest. The Gifford Fire had spread to 154 square miles (399 square kilometers) by Thursday afternoon and was at 15% containment. It grew out of at least four smaller fires that erupted last Friday along State Route 166, forcing closures in both directions east of Santa Maria, a city of about 110,000 people. It has injured at least four people. The causes of the fires are under investigation. Wildfire risk will be elevated through the weekend across much of inland California as a heat wave gripping the area intensifies. August and September are typically the most dangerous months for wildfires in the state. "In Southern California, the threat is driven by persistent drought, high grass loads, and weakening coastal moisture," according to a wildfire forecast by the state's fire department.
