Monday, May 20

Tag: manufacturing

Apple starts iPhone 11 manufacturing in India
INDIA

Apple starts iPhone 11 manufacturing in India

New Delhi, Jul 24, 2020: Apple has started its latest iPhone 11 manufacturing at Foxconn's facility in Tamil Nadu, according to official sources. This is the fifth model of iPhone which Apple has started manufacturing in the country. '2020 - iPhone 11, 2019 - iPhone 7 & XR, 2018 - iPhone 6S, 2017 - iPhone SE. This chronology is a statement in itself as to how narendramodi govt. has developed the mobile phone manufacturing ecosystem in India. It's only a humble beginning,' Indian Telecom and IT minister Ravi Shankar Prasad said in a tweet. An Electronics and IT Ministry official said 'Apple's latest iPhone is now getting manufactured from India'. According to industry sources aware of the development said that Foxconn has been assembling iPhone 11 at the Sriperumbudur facil...
Silicon Vally based AI Startup Drishti raises $25M in Series B round of funding
FUNDING

Silicon Vally based AI Startup Drishti raises $25M in Series B round of funding

MOUNTAIN VIEW, Calif., June 16, 2020– AI-powered video analytics startup Drishti Technologies raises investment of $25M in Series B round. The round was led by Sozo Ventures, was raised upon demonstrated evidence that Drishti’s AI-powered video analytics, data, and insights bring significant benefits to manufacturers and the people they employ on the factory floor. As part of this round, Uday Sandhu from Alpha Intelligence Capital has joined Drishti’s board of directors. Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, HELLA Ventures, as well as current investors Emergence Capital, Benhamou Global Ventures and Andreessen Horowitz, also participated in the round.  Drishti’s Series B financing will fuel its expansion into plants across North ...
Samsung ends Mobile Phone production in China
BUSINESS

Samsung ends Mobile Phone production in China

SEOUL (Reuters)- Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market. The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in June and suspended another factory late last year, underscoring stiff competition in the country. The South Korean tech giant’s ceased phone production in China follows other manufacturers shifting production from China due to rising labor costs and the economic slowdown. Sony also said it was closing its Beijing smartphone plant and would only make smartphones in Thailand. But Apple still makes major products in China. Samsung’s share of th...
China’s Manufacturing Rebounds as Virus Controls Ease
CHINA

China’s Manufacturing Rebounds as Virus Controls Ease

China's manufacturing rebounded in March as authorities relaxed anti-disease controls and allowed factories to reopen, an official survey showed Tuesday, but an industry group warned the economy has yet to fully recover. The ruling Communist Party is trying to revive the world's second-largest economy after declaring victory over the coronavirus even as the United States and other governments shut down businesses. The purchasing managers' index issued by the Chinese statistics bureau and the official China Federation of Logistics & Purchasing rose to 52 from February's record low of 35.7 on a 100-point scale on which numbers above 50 show activity increasing. The federation and private sector economists cautioned the economy still faces challenges as manufacturers rebuild sup...
About 200 US companies seeking to move manufacturing base from China to India: Report
INDIA

About 200 US companies seeking to move manufacturing base from China to India: Report

Washington: About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives to the Communist giant. The US-India Strategic and Partnership Forum's (USISPF) President Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India. Aghi said that USISPF’s recommendation to the new government would be to accelerate the reforms and bring transparency in the decision-making process. “I think that's critical. We would advise to bring more transparency in the process and to make it more consultative because in the last 12 to 18 mon...
Tesla to Start Model 3 Manufacturing in China from Next Year
CHINA

Tesla to Start Model 3 Manufacturing in China from Next Year

The EV giant Tesla is reportedly expecting to extend its earnings streak by bringing its new Model 3 to customers beyond North America. The company’s plan includes accelerating its manufacturing plans in China. Tesla witnessed its revenue increase aggressively to $6.8 billion in the third quarter (and a $312 million profit) after the sales of its new Model 3 vehicle. The company was able to achieve that profitability milestone just through sales in the U.S. and Canada. The company mentioned that it would start to take orders for the Model 3 in Europe and China before the end of 2018. Also, it will begin deliveries of the Model 3 to Europe early next year. “We are aiming to bring portions of Model 3 production to China during 2019 and to progressively increase the level of localizati...
Vivo Expanding Its Indian Manufacturing Unit To Increase The Production of Smartphones
BUSINESS

Vivo Expanding Its Indian Manufacturing Unit To Increase The Production of Smartphones

Chinese Smartphone company Vivo announce the expansion of its India manufacturing operations at the hi-tech manufacturing facility in Greater Noida. With an investment of INR 300 crores till date, the facility has increased production to more than 2 million units per month, re-iterating Vivo’s commitment to ‘Make in India’. The newly added SMT lines are catering to the growing demand for Vivo smartphones in the country. With more than 5000 employees, the Greater Noida plant has a capacity of manufacturing almost 25 million products in a year. Besides manufacturing, the Greater Noida plants also resides a ‘Test Lab’ where the manufactured products undergo more than 1000 stringent levels of quality and durability tests. Vivo NEX has been completely made in India and seen much succes...
Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India
News

Elon Musk Are You Listening, No local Sourcing Required For Manufacturing in India

The government today clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here. The commerce and industry ministry through its Make in India Twitter handle stated that the foreign direct investment (FDI) policy does not mandate any such minimum sourcing of components by manufacturers. .@elonmusk With respect to news reports on launch plans of Tesla in India being delayed, please note some key clarifications#MakeInIndia pic.twitter.com/9RFICGM9Kk — Make in India (@makeinindia) May 23, 2017 As per the policy, after ma...
Apple Will Start iPhone SE Manufacturing in India This month
INDIA

Apple Will Start iPhone SE Manufacturing in India This month

US tech giant Apple Inc today  said it is beginning initial production of a "small number" of iPhone SE in the city and start shipping to domestic  customers this month. "We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and  powerful phone with a four-inch display in the world and well begin shipping to domestic customers this month," Apple said here. The Karnataka government had in February announced Apple Inc.s proposal to commence initial manufacturing operations in Bengaluru. The phones will be manufactured by Wistron, a Taiwanese OEM for Apple at Peenya in the city. Karnataka IT Minister Priyank Kharge had on March 30  said that Apple would be ready to start assembling high-end  iPhones in the city in less than a mon...
Indian Government Propose New Manufacturing Scheme To Apple
INDIA, News

Indian Government Propose New Manufacturing Scheme To Apple

The government wants iPhone maker Apple to consider a new manufacturing scheme offering duty benefits to set up its plants in the country. "Apple had asked for a set of concessions. For a period of 15 years all the components that Apple imports, they want them to be free of duty. We have a phased manufacturing programme (PMP) because we want more and more value addition to come to the country. We want them to understand how this PMP will work and how they can dove tail into that," Ministry of Electronics and IT Secretary Aruna Sundararajan told reporters today. She was speaking on the sidelines of the annual session of the Confederation of Indian Industry (CII). IT and Law Minister Ravi Shankar Prasad has approved PMP and the government set to notify it. "Right now the value...
Will Take Action If India Shields Its Local Mobile Phone Makers: Chinese media
CHINA

Will Take Action If India Shields Its Local Mobile Phone Makers: Chinese media

India should resist the temptation of resorting to "protectionism" to shield local mobile phone makers against Chinese smartphone firms, China's official media said on Tuesday warning that Beijing could take countermeasures against any such move. The Indian mobile firms are seeking government action to ease the pain of their defeat to Chinese rivals, an article in the state-run Global Times said referring to pleas by the mobile phone makers that government should raise supplementary levies against handsets from Chinese companies. "As for China, the Chinese government is unlikely to sit idly while India harms the interests of Chinese companies. We cannot rule out the possibility that China will take countermeasures if India takes unfair measures to protect its home grown companies from ...
Tech Mahindra Set Up Future Lab in Bengaluru For AI, AR and Manufacturing Design
News

Tech Mahindra Set Up Future Lab in Bengaluru For AI, AR and Manufacturing Design

Tech Mahindra today announced that it has set up a "state-of-the-art" lab at its campus here, which works on technologies that are expected to power the future factory floors. Known as the "Factory of the Future" lab, the new centre showcases assets and solutions in the areas of Digital Manufacturing, Connected Machines, Addictive Manufacturing, Robotics & Automation, Artificial Intelligence & Analytics, and Augmented Reality & Virtual Reality, the company said in a statement here. It also said the lab will demonstrate solutions and products built in association with many leading software and hardware vendors, adding that it is built in modular form to showcase Industry 4.0 concepts that are central to be able to help building the digital backbone of client organisations. It makes ...