Foxconn buys equipment from Apple for expansion in India – Times of India

[ad_1] Foxconn Technology Group has bought $33 million worth of equipment from an Apple unit for its operations in India over the past year, signaling the key iPhone assembler’s accelerating expansion in the country. An Indian subsidiary of the Taiwanese company acquired equipment from Apple Operations Ltd. for operational needs, according to a filing from … Read more

Micron: Micron to start production by December 2024; Over 80,000 new jobs coming through India-US semiconductor deals – Times of India

[ad_1] NEW DELHI: The government on Friday said that the first Made-in-India semiconductor chips are expected to be rolled out by December 2024, and hailed the investment by American Micron as a “significant and meaningful milestone” in the country’s journey to gain resilience in electronics manufacturing. Communications Minister Ashwini Vaishnaw said up to five semiconductor … Read more

‘IT hardware mkt to grow 2.5x to $25bn’ – Times of India

[ad_1] As the IT hardware business passes through recession in Europe and the US, India will emerge as the engine that will power the growth of products such as laptops, computers, and servers, with the market expected to grow over 2.5 times in the next three years and cross $25 billion in size, Rajeev Chandrasekhar, … Read more

Setback For Google: NCLAT Upholds Rs 1,337.76 Cr Fine On Tech Giant By CCI For Anti-Competitive Practice In India

[ad_1] New Delhi: The NCLAT on Wednesday upheld the orders of the fair trade regulator CCI imposing a penalty of Rs 1,337.76 crore on tech major Google in the Android mobile devices case, with some modifications. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has directed Google to implement the direction and deposit the … Read more