Thanks to global supply chain diversification and a series of incentive policies aimed at wooing investors, FDI inflow into India has increased rapidly during the past years. India is keen to further improve its attractiveness by streamlining the investment process and reducing red tape.

Canada-based startup Xanadu has raised US$100 million in Series C to build a fault-tolerant photonic quantum computer capable of reaching a million qubits, backed by Canada’s largest equity firm Georgian and other venture capitals. With a total valuation of US$1 billion, the unicorn has raised US$250 million in total since its foundation in 2016. Most notably, automaker Porsche – a Volkswagen subsidiary – is among Xanadu’s backers, marking another step taken by Volkswagen towards quantum computing research.

Infineon Technologies and Stellantis have signed a non-binding Memorandum of Understanding (MoU) as the first step towards a potential multi-year supply cooperation for silicon carbide (SiC) semiconductors. Accordingly, Infineon would reserve manufacturing capacities and deliver the SiC chips to the direct Tier 1 suppliers of Stellantis in the second half of the decade, to be used in Stellantis’ EVs.