Page 11 - Electronics

India electronics exports to US jump two-fold to $6.6 bn in Jan-Sep 2023

Electronics exports from India to the US jumped over two-fold year-on-year to USD 6.6 billion during January-September 2023, industry body ICEA has said. India Cellular and Electronics Association Chairman Pankaj Mahindroo told PTI that this is an all-time high electronics export from India, while the share of electronics imported from China into the US market has declined. "Recent data highlights a notable surge in India's electronics exports to the US, which increased by approximately 253 per cent to an estimated USD 6.6 billion in the current year (January-September), compared to an estimated USD 2.6 billion in the same period last year," Mohindroo said. According to data shared by ICEA, India's electronics exports to the US increased by more than 300 per cent from an estimated USD 1.3 billion in 2018 to an estimated USD 4.5 billion in 2022. The bilateral electronics trade between India and the US has also seen an impressive rise of 84 per cent, with the current estimate standin

Juniper shares climb 23% as Hewlett Packard Enterprise nears $13 bn deal

Juniper has a market value of about $9.6 billion as last close of $30.22. The company's shares were trading at $37.25 on Tuesday, while Hewlett Packard Enterprise's stock fell nearly 8%

Tamil Nadu to come up with semiconductor policy during investors meet

The government is expecting a record investment during the investors' meeting

Top guns not blazing in electronics sector, gain in low-cost device segment

The share of the top five in the volumes of smartphone sales has fallen from 80% in 2022 to 73% as projected for this year even as the overall market has slipped by 2%

Deliberations on for framing laws on seizure of electronics: Centre to SC

Several rounds of talks have been held in order to formulate guidelines for seizure of electronic devices like mobile phones and laptops of individuals, especially those from the media, in the course of criminal investigations, the Centre told the Supreme Court on Thursday. It said until the time the new guidelines are put in place, central probe agencies will follow the CBI manual for search and seizure of such equipment. The apex court had on November 7 asked the Centre to put in place guidelines on seizure of electronic devices of individuals, particularly media professionals, saying impounding equipment without following a regulation was a serious matter. Additional Solicitor General (ASG) S V Raju, appearing for the Centre, told a bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia that the authorities concerned have deliberated on the proposed guidelines several times. "ASG submits that in the conspectus of the existing CBI manual and the Karnataka cyber crime ...

Govt focus on boosting electronics production; new scheme in works: MeitY

The government's focus is now on boosting electronics component manufacturing in the country and new scheme for the same is in works, a senior government official said on Monday. Speaking at the CII Electronic Summit, S Krishnan, Secretary, Ministry of Electronics and IT (Meity), said that 99 per cent local mobile phone market is being met through domestic manufacturing, and for next phase of growth companies need to export by improving competitiveness and enhancing value addition. "If our competitiveness needs to keep getting better then the challenge really is to not just rely on about 10 to 15 per cent of the value addition to assembly units in the country but to look at what else we can do, how can we move up in the value chain?" Krishnan said. He said no one country is ever going to own the entire value chain and it's only going to be a portion of the value chain that India needs to target. "Probably in India's case, the best case will probably be China which has about 40 to 4

Japan firm TDK Corporation to make iPhone Li-ion battery cells in India

Commercial production to supply cells to Apple is expected to begin in the next 12-18 months

Statsguru: India is one of the world leaders in assembled phones industry

Under the 'Make in India' initiative, the share of domestically assembled phones of the total phone shipments (or sales) rose to 98 per cent in 2022 from 19 per cent in 2014

Samsung, Apple phones' exports to drive electronic goods shipments: DGFT

Increasing exports of mobile phones by companies like Samsung and Apple are helping boost the electronic goods sector, a senior government official said. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said there has been an "exponential" jump in exports of electronics goods from India. From 11th or 12th a few years back, the sector is the fifth highest exporting commodity from India now, he added. "The jump has been exponential and largely on account of Samsung and Apple phones being exported from our country. So, there are certain sectors which are going to see rapid growth in exports and electronics, especially mobile phones and a lot of IT hardware...will become high export commodities in future," he said here at a function on MSME exports. Electronic goods exports rose by 27.7 per cent to USD 15.5 billion during April-October this fiscal. The sectors like electronics, value-added agri products, renewable energy items like solar panels and modules, and electric

Govt clears 110 applications for laptop imports, other IT hardware products

The government has cleared about 110 applications of the 111 requests received for allowing imports of laptops, computers and other IT hardware products so far, an official said. The companies that received approvals include Dell International Services India, Appl India, HP India Sales Pvt Ltd, Lenovo (India), ASUS India, IBM India, Samsung India Electronics, Xiaomi Technology India, Cisco Commerce India, Siemens Ltd and Bosch Ltd, the official said. As many as 111 applications were received so far seeking authorization for the import of IT products, the official added. The government last month tweaked curbs on imports of laptops and computers, allowing importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. "Around 110 import

V-Guard's Q2 net jumps 35% to Rs 59 cr, net revenue from ops rises 15%

The company's consolidated profit after tax for the six months ended September 30 stood at Rs 123.17 crore, a growth of 26.9 per cent, as against Rs 97.03 crore reported last year

NewsClick row: HR head moves bail plea, Prabir seeks release of electronics

On October 25, the trial court had allowed the Delhi Police application which sought 9 days of further custodial remand of Prabir and Amit Chakravarty

Committee in PLI scheme approves Rs 1,000 cr disbursement to beneficiaries

The Empowered committee in PLI (production-linked incentive) scheme has approved Rs 1,000 crore disbursement to beneficiary firms of the electronics sector, a top government official said. The government disbursed Rs 2,900 crore till March 2023, out of claims worth Rs 3,400 crore received under the scheme, which aims at boosting domestic manufacturing, creating jobs and supporting exports. "In the recent meeting of the committee, Rs 1,000 crore disbursements were approved under the PLI scheme for the electronics sector. Actual disbursement to the beneficiary companies would take a few more days," the official said. This would be the first disbursement of this fiscal. The scheme was announced in 2021, for 14 sectors including large-scale electronic manufacturing, white goods, textiles, manufacturing of medical devices, automobiles, specialty steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharmaceuticals with an outlay of Rs 1.97 l

Samsung SSD T9 with USB 3.2 Gen 2x2 interface launched: Know price, specs

Offered in 1TB, 2TB, and 4TB storages, the portable SSD starts at Rs 12,799. It will be available online on e-commerce platforms and offline at Samsung retail store and select retail stores

PLI good for telecom, need to adjust for others: NITI Member Virmani

Virmani said that industry needs to reach the minimum efficient scale (MES), otherwise they cannot compete by themselves and will need subsidies to compete

Hisense Elevates Its Game with Cricket Sensation Ravindra Jadeja as Brand Ambassador

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CDIL becomes first Indian firm to produce Silicon Carbide components

Electronic component maker CDIL has become the first company in India to start manufacturing Silicon carbide semiconductors for use in high power-consuming technology products. While speaking on the sidelines of the launch of the company's new surface mount semiconductor packaging line, CDIL Executive President and Chief Operating Officer Pankaj Gulati told PTI that the company has started exporting Silicon Carbide (SiC) components to China, the US, Europe and Australia. "We are the first company in India to have started manufacturing of Silicon Carbide semiconductors. We have started shipping them to China, US, Europe and Australia," Gulati said. CDIL operates manufacturing facilities and a reliability lab in Mohali and Delhi, serving industries with a focus on the automotive, defence, and aerospace sectors. The company's expansion has received incentive support from the Centre under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS). Th

Apple to scale up production over 5 times in India to $40 bn in 5 years

iPhone maker Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years, according to government sources. According to the official, who did not wish to be named, the company has crossed the USD 7 billion production mark in the last financial year. "Apple has plans to increase production in India to over USD 40 billion in the next 4-5 years. It has crossed USD 7 billion in the last fiscal," the official said. An email query sent to Apple did not elicit any reply. Apple manufacturers iPhones in India and has plans to start manufacturing Airpods from next year. The officer said that Apple has no immediate plans to make iPads or its laptops in India. "They don't have any plans to participate in IT hardware PLI. They may come at a later stage but as of now their focus is to scale up existing production levels," the officer said. The company globally sold iPhones worth USD 191 billion and products worth USD

Govt rolls out mandatory quality norms for solder wires used in electronics

The government has issued mandatory quality norms for solder wires, used in electronics and engineering industry, to curb the import of sub-standard goods and boost domestic manufacturing of these goods. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on September 18. Items under Flux Cored Solder Wire (Quality Control) Order, 2023 cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. These orders will come into force with effect from six months from the date of publication of this notification, the DPIIT said on Tuesday. Soldering is a critical process where quality of flux cored solder wire is of paramount importance as any failure will impact quality and safety of the products soldered particularly in electronic and automobile industry. "The implementation of the Quality Control Order (QCO) for this product is crucial not only for the safety of consumers,

Circular electronics biz models can create $ 20 bn market by 2035: Study

Circular electronics business model, comprising product design to recycling, can create a total addressable market of up to USD 20 billion by 2035, a joint report by industry body ICEA and Accenture said on Monday. According to the report, fostering multi-brand repair services, defining refurbishment standards, and creating a product as-a-service framework can create 1.1 lakh high-quality formal sector green jobs and reduce greenhouse gas emissions by 1.6 million tonnes from smartphones and laptops by 2035. "A total of six circular business models, including circular design, repair, and resell, etc., can unlock an untapped revenue potential of USD 7 billion by 2035. The projected market size for these circular models is valued at USD 13 billion by 2035. Yet, the total addressable market, achievable through the public and private partnerships, increases it to USD 20 billion," the report said. The report was released by the Ministry of Electronics and IT Secretary Alkesh Sharma. "T