Global Industrial Production
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New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
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India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
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NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
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iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn's global plans to become a player in the EV industry, after h...
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Apple Supplier Foxconn Says AI Applications Will Drive Demand for Its Server Business
Apple supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes.
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With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
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Cisco to Manufacture in India to Meet Rising Demands; Targets $1 Billion in Exports, Domestic Production
Cisco CEO Chuck Robbins outlined plans targeting $1 billion (roughly Rs. 8,200 crore) of combined exports and domestic production from India amid the country's aggressive positioning as a manufacturing destination for global players.
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Apple Continuously Expanding Operations in India, Government in Regular Touch With Company: Piyush Goyal
US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said.
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Renesas Seeks Local Production of Chipset Developed With Tata Consultancy Services
Renesas is looking to produce chipsets that the company is developing in partnership with leading software company TCS in India, according to a senior official of the chipmaker. The Japanese semiconductor company will develop SoCs with TCS initially for 4G, 5G telecom networks and industrial technologies.
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Iceland Most Stable Region for BTC Mining, Cool Climate Adds Benefits: Arcane Researcher
Jaran Mellerud, a BTC mining researcher from Arcane Research has called Iceland the most ‘stable’ BTC mining region in the world. The European nation that offers electricity at pocket-friendly prices, has a favourable climate to produce natural cooling for BTC mining operations. The BTC mining industry in Iceland contributes 1.3 percent of the ...
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Global Smartphone Production Declined by 11 Percent in Q3 2022: Trendforce
Global smartphone production reportedly saw a decline in Q3 2022. The industry is said to have produced 289 million units from July to September which is a 0.9 percent quarter-on-quarter decline. The industry produced 307 million units in Q2 2022, marking a 11 percent decline on a year-on-year basis.
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Foxconn Expects Revenue to Fall in Q4 2022, to Adjust iPhone Production to Avoid Impact on Holiday Demand
iPhone assembler Foxconn on Thursday said it would adjust its production to prevent impact on holiday orders. The cost impact of the COVID controls, including offering bonuses to retain workers, will be short term and Foxconn has been working with the government to resume normal production as soon as possible, Foxconn Chairman Liu Young-way said.
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Ford Targets EV Capacity Expansion To Over 2 Million Units By 2026
Ford is looking to expand global EV output to 600,000 units annually by end-2023 with suppliers already in place
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Bosch To Invest 3 Billion Euros In Chip Production
Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim in the growing market for chips to equip self-driving and electric cars amid a global shortage.
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Chip Hoarding by PC and Smartphone Makers Turns Shortage to Glut Amid Inflation, Lockdowns, and Ukraine Crisis
After a global chip shortage that saw PC and smartphone makers struggle to source semiconductors to make their products, the industry has seen a glut in some sectors. Analysts say that big suppliers of chips to consumer electronics makers, especially low-end smartphones, will be hit hardest by the downturn. Manufacturers who stockpiled computer chi...
-
New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
-
India Will Retaliate If EU Imposes Carbon Tax: Union Minister Piyush Goyal
India will impose retaliatory duties if the European Union goes ahead with its plan to levy a carbon tax on Indian products, Commerce and Industry Minister Piyush Goyal said on Tuesday.
-
NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
-
iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn's global plans to become a player in the EV industry, after h...
-
Apple Supplier Foxconn Says AI Applications Will Drive Demand for Its Server Business
Apple supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes.
-
With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
-
Cisco to Manufacture in India to Meet Rising Demands; Targets $1 Billion in Exports, Domestic Production
Cisco CEO Chuck Robbins outlined plans targeting $1 billion (roughly Rs. 8,200 crore) of combined exports and domestic production from India amid the country's aggressive positioning as a manufacturing destination for global players.
-
Apple Continuously Expanding Operations in India, Government in Regular Touch With Company: Piyush Goyal
US-based iPhone maker Apple is continuously expanding its operations in India and the government is in regular touch with the company to support its business, commerce and industry minister Piyush Goyal has said.
-
Renesas Seeks Local Production of Chipset Developed With Tata Consultancy Services
Renesas is looking to produce chipsets that the company is developing in partnership with leading software company TCS in India, according to a senior official of the chipmaker. The Japanese semiconductor company will develop SoCs with TCS initially for 4G, 5G telecom networks and industrial technologies.
-
Iceland Most Stable Region for BTC Mining, Cool Climate Adds Benefits: Arcane Researcher
Jaran Mellerud, a BTC mining researcher from Arcane Research has called Iceland the most ‘stable’ BTC mining region in the world. The European nation that offers electricity at pocket-friendly prices, has a favourable climate to produce natural cooling for BTC mining operations. The BTC mining industry in Iceland contributes 1.3 percent of the ...
-
Global Smartphone Production Declined by 11 Percent in Q3 2022: Trendforce
Global smartphone production reportedly saw a decline in Q3 2022. The industry is said to have produced 289 million units from July to September which is a 0.9 percent quarter-on-quarter decline. The industry produced 307 million units in Q2 2022, marking a 11 percent decline on a year-on-year basis.
-
Foxconn Expects Revenue to Fall in Q4 2022, to Adjust iPhone Production to Avoid Impact on Holiday Demand
iPhone assembler Foxconn on Thursday said it would adjust its production to prevent impact on holiday orders. The cost impact of the COVID controls, including offering bonuses to retain workers, will be short term and Foxconn has been working with the government to resume normal production as soon as possible, Foxconn Chairman Liu Young-way said.
-
Ford Targets EV Capacity Expansion To Over 2 Million Units By 2026
Ford is looking to expand global EV output to 600,000 units annually by end-2023 with suppliers already in place
-
Bosch To Invest 3 Billion Euros In Chip Production
Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim in the growing market for chips to equip self-driving and electric cars amid a global shortage.
-
Chip Hoarding by PC and Smartphone Makers Turns Shortage to Glut Amid Inflation, Lockdowns, and Ukraine Crisis
After a global chip shortage that saw PC and smartphone makers struggle to source semiconductors to make their products, the industry has seen a glut in some sectors. Analysts say that big suppliers of chips to consumer electronics makers, especially low-end smartphones, will be hit hardest by the downturn. Manufacturers who stockpiled computer chi...
