# Micron Fires Up India's First Chip Factory | PFC-REC Merger | RBI Rewrites the Rules on Capital Market Lending

Page: https://stenobird.com/podcast/top-of-the-morning-3714868/micron-fires-up-india-s-first-chip-factory-pfc-rec-merger-rbi-rewrites-the-rules-on-capital-market-lending
Text version: https://stenobird.com/podcast/top-of-the-morning-3714868/micron-fires-up-india-s-first-chip-factory-pfc-rec-merger-rbi-rewrites-the-rules-on-capital-market-lending.md
Podcast: [Top of the Morning](https://stenobird.com/podcast/top-of-the-morning-3714868)
Published: 2026-02-17T00:33:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/traffic.megaphone.fm/HTMEDIALTD8907756239.mp3
Audio file: https://www.podtrac.com/pts/redirect.mp3/traffic.megaphone.fm/HTMEDIALTD8907756239.mp3
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Duration seconds: 1084

## Resource

Good Morning, I'm Nelson John. On today's Top of the Morning: Gold just had its worst crash in 40 years, falling 21% from record highs after Trump named Kevin Warsh as the next Fed Chair. India is rolling out its first commercial semiconductor chip from Micron's Gujarat facility this month. The trade deficit blew out to $34.68 billion in January, nearly doubling year-on-year, driven by a surge in gold and silver imports right before the crash. PFC and REC are merging into a $61 billion power finance giant. And the RBI just opened the door for banks to fund M&A deals up to 75% of value, while clamping down hard on broker lending. Tune in now. Learn more about your ad choices. Visit megaphone.fm/adchoices

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