New Delhi, Jan. 2 -- There have been multiple developments this week on the tech front. From ECMS scheme to CLINT's data centre deal, here is a list of the most important updates for a quick catch-up:
Govt approves third tranche of ECMS
The Ministry of Electronics and Information Technology (MeitY) cleared 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS) on Friday. This is the third tranche of the ECMS with Rs. 41,863 crore in investment, the largest so far. It is projected that it will lead to a production of Rs. 2.58 lakh crore and 33,791 direct jobs. The approved companies include Epitome Components, AT&S India, TDK India, Signum Electronics, Dixon Electroconnect, BPL Limited, Wipro Global Engineering and Electronic Materials, Vital Electronics, among others.
The approved projects span 11 segments with applications inmobile phones, telecom, consumer electronics, automotive, strategic electronics and IT hardware. It includes critical electronic components such as printed circuit boards (PCBs), capacitors, connectors, enclosures, and lithium-ion cells. CapitaLand India Trust to divest 20% stake in three data centres
Property trust CapitaLand India Trust (CLINT) has decided to divest 20.2% stake in three data centres assets to CapitaLand India Data Centre Fund (CIDCF). Under the deal, which is valued at Rs.7.02 billion (~$78 million), the three data centres include CapitaLand DC Mumbai Tower 1 and Tower 2, CapitaLand DC Chennai, and CapitaLand DC Hyderabad. Except for Mumbai Tower 1, all the other infrastructures are under development. In September 2025, CLINT divested CyberVale in Chennai and CyberPearl in Hyderabad, the Trust's first divestment since its listing in Singapore in 2007. The divestment of the partial stake in CLINT's data centre portfolio further reinforces the Trust's commitment to unlock value by monetising and realising the value of its developments to strengthen its balance sheet. Nvidia buys $5 billion stake in Intel
Chipmaker Nvidia has purchased Intel shares worth $5 billion, the US-based semiconductor firm, the company announced on Monday. This deal was first announced in September when it announced that it would pay $23.28 per share for Intel common stock. The deal has received regulatory clearance from the US Federal Trade Commission earlier this month. It is expected to serve as a major financial lifeline for Intel which has been struggling for the last few years now. Notably, in August last year, US President Donald Trump announced that the federal government had obtained a 10% stake in Intel. Meta to buy Manus Meta has agreed to acquire Manus, a Singapore-based AI startup, in a deal that analysts estimate could exceed $2 billion, as the US tech giant steps up its push into agentic AI. The acquisition will support Meta's efforts to build general-purpose agents capable of autonomously planning and executing complex tasks with minimal user input. Meta said Manus's team and technology would be integrated across its consumer and business offerings, including Meta AI.
Published by HT Digital Content Services with permission from TechCircle.