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Friday 29 November 2024
HMD Global designates India as key mobile phone export hub amid US-China trade tensions
HMD Global has strategically designated India as a crucial export hub for Nokia phones in response to the evolving dynamics of the global trade environment. The persistent trade tensions between the US and China have prompted the search for alternative supply chains, with India increasingly becoming a favored manufacturing location for numerous companies, including HMD
Friday 29 November 2024
India to double 5G subscription by 2030
A recent Ericsson Mobility Report published on November 26 indicates that 5G subscriptions in India, Bhutan, and Nepal will surpass 270 million by the end of 2024, accounting for 23 percent of all mobile subscriptions within the region
Friday 29 November 2024
India and Siemens offers IC design resources with ChipIN Centre
India's Centre for Development of Advanced Computing (C-DAC) has launched the ChipIN Centre as a central hub for semiconductor design, providing comprehensive tools and resources to support the country's chip design community
Thursday 28 November 2024
Lam Research to set up office at Tata-PSMC wafer fab
Taiwan-based pure-play foundry PSMC is building a 12-inch wafer fab for Tata Electronics in India, and Lam Research, eyeing growing Indian opportunities, plans to set up an office at the fab
Thursday 28 November 2024
SoftBank CEO reportedly visits India to harness Indian AI potential
SoftBank CEO Masayoshi Son has visited India for discussions with Prime Minister Narendra Modi and prominent startup leaders, focusing on artificial intelligence development and implementation strategies
Thursday 28 November 2024
Foxconn reportedly secures land in Tamil Nadu for new battery plant
Foxconn has reportedly secured 200 acres of land in Tamil Nadu for a battery manufacturing plant, aligning with the company's strategic focus on AI and EV as growth engines
Wednesday 27 November 2024
Apple reportedly scouting Indian manufacturer partners to reduce reliance on China
Apple is actively pursuing partnerships with Indian manufacturers to establish a local supply chain beyond iPhone production, potentially including components for wearables and other devices, as its China-based suppliers show reluctance to invest in India
Wednesday 27 November 2024
India PC market on recovery path despite slight shipment growth in 3Q24
As India entered its annual festive season, PC shipments experienced slight growth despite a weak consumer market. Acer achieved double-digit growth, driven by strong demand from the education sector and other industries
Wednesday 27 November 2024
India antitrust regulator greenlights Alphabet's investment in Flipkart
According to a press release published by the Press Information Bureau of India, the Competition Commission of India (CCI) has greenlit a significant transaction involving the investment in Flipkart Private by Alphabet-owned Shoreline International Holdings. This development marks an important step for Flipkart, a subsidiary of retail giant Walmart, as it continues expanding its presence in the Indian e-commerce sector
Wednesday 27 November 2024
India reportedly decides to proceed with antitrust investigation against Apple
Apple's attempt to delay a report indicating it violated competition laws in India has been denied by the nation's antitrust authority, the Competition Commission of India (CCI), according to Reuters, which cited an internal order from the regulator. The decision permits the proceedings against Apple to advance
Tuesday 26 November 2024
India reportedly to offer US$5 billion incentive to boost electronics manufacturing
India is preparing to roll out a new set of incentives worth up to US$5 billion, aiming to encourage companies to manufacture electronic components domestically. Designed by India's electronics ministry, this initiative targets the production of parts for various gadgets, ranging from mobile phones to laptops. This move is part of India's broader strategy to strengthen its electronics industry and reduce dependency on Chinese imports
Tuesday 26 November 2024
AMD inaugurates the second phase of Bengaluru design center
AMD inaugurated an R&D center in India while affirming its commitment to invest the US$400 million announced in 2023. The company is building two supercomputers in India specifically for weather forecasting, emphasizing India's position as a critical hub with 25% of the company's global workforce based there
Monday 25 November 2024
China leads global offshore wind race as India plays catch-up
In the rapidly evolving landscape of global offshore wind energy, China has emerged as the undisputed frontrunner, while India is just beginning to explore this sector. Industry experts from Rystad Energy and S&P Global offer insights into the different paths taken by these two Asian giants in the offshore wind market
Monday 25 November 2024
India roundup: Foxconn revises recruitment ads in India after discrimination allegations
Foxconn addresses discriminatory ads and requests neutral recruitment practices. CCI fines Meta US$25.3 million for abusing market dominance in India
Monday 25 November 2024
Apple India sales hit US$8 billion on strong iPhone sales
According to the Mint, Business Standard, and the Times of India, Tofler cited Apple India's corporate filing with the Registrar of Companies of India, disclosing that, driven by rising iPhone sales, the company's revenue reached INR671.216 billion (US$7.95 billion) in the fiscal year ending March 2024, a 36% increase compared to the previous year. The company's net profit rose from INR2.229 billion in fiscal 2023 to INR2.745 billion
Samsung expands mobile phone production beyond Asian countries, says DIGITIMES Research
SLMs to increase presence in GenAI business opportunities, says DIGITIMES Research
Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research