Semiconductors: Semiconductors: Chips are back, but not equally or for everyone, Telecom News, ET Telecom

13 days ago ET Telecom

In the space of six months, the global semiconductor industry turned from being one of the hottest sectors to being among the most beaten up and bruised. An extraordinary turnaround over the past month has added $600 billion to the value of these companies. In the past month, the weighted-average return of the global semiconductor sector jumped 21%. Small-cap companies, which we define as those between $1 billion and $10 billion, are the laggards.Note that we excluded Samsung Electronics Co . Yet as the dust settles, tensions cool, and world leaders gather again, the same reasons to fall in love with chips start to re-emerge.
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Whatsapp: Social media grievance panels likely in 90 days, Telecom News, ET Telecom

95105385New Delhi: The government will set up one or more centrally appointed Grievance Appellate Committees (GACs) within three months of the notification of amendments to the Information Technology (IT) Rules of 2021 under the IT Act, as per the final draft of the amended rules reviewed by ET. The idea behind setting up the committees is to give users of social media platforms including Facebook and Twitter recourse--other than approaching the courts–to settle complaints.The final draft of the proposed changes to the IT Rules of 2021, which were first released for public consultation in June, is likely to be notified in the next few days. However, the government is of the view that the platforms do not act on user grievances in a timely manner, according to people with knowledge of the matter.Companies had opposed the setting up of government-backed GACs, questioning the independence of such forums and citing concerns over freedom of speech. While the government had been asking industry to come up with a self-regulatory model, a lack of consensus among key platforms on a framework scuttled that effort.The GACs will, the rules propose, endeavour to resolve appeals within 30 days. In June this year, the government proposed certain changes after having observed that they lacked in certain areas such as a proper and effective user grievance redressal and a content regulation mechanism.

1 month ago ET Telecom
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