Samsung launches a co-branded credit card with Axis Bank in India, where it has 175M customers, offering 10% cashback to customers buying Samsung products (Munsif Vengattil/Reuters)

Bloomberg:
Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX’s bankruptcy, part of a $250M fund reserved for a CFTC application  —  LedgerX — one of the few corners of Sam Bankman-Fried’s crumbled crypto empire that remain solvent — is preparing to make available $175 million …

Munsif Vengattil / Reuters:
Industry group: India to pilot parallel testing of new electronic devices to speed up approvals and reduce time to certification from the current 16 to 21 weeks  —  India will try out a strategy of parallel testing to speed up safety approvals for new electronic devices …

Munsif Vengattil / Reuters:
India expands its incentives for chip and display manufacturers, including covering 50% of capital expenditure when setting up a semiconductor plant  —  India’s government on Wednesday raised fiscal support for new semiconductor facilities to cover 50% of project costs and said it will remove …

Joyce Lee / Reuters:
Samsung Electronics pledges to invest $5B+ in R&D on tech to achieve net zero emissions for its devices business by 2030 and across the company by 2050  —  Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed …

Reuters:
Sources: the US plans to spare SK Hynix and Samsung from the brunt of new restrictions on DRAM and NAND chipmakers in China planned to be released this week  —  The Biden administration plans to spare SK Hynix (005930.KS) and Samsung (005930.KS) from the brunt of new restrictions …

Kate Park / TechCrunch:
LG launches LG Art Lab which lets US users buy, sell, and trade NFTs on its smart TVs, partners with Hedera to enable purchases via LG’s crypto wallet, Wallypto  —  LG Electronics said today it has released its non-fungible token (NFT) platform LG Art Lab, which lets users discover, buy, sell and trade NFTs on LG’s smart TVs.