Page 18 - Electronics

Optiemus to onboard 2,000 in 2 years, raise production capacity

Electronics manufacturing services firm Optiemus Electronics is planning to expand its production capacity and aims to increase its headcount by around 2,000 people in next two years, a senior company official said. The company's existing production capacity is likely to be exhausted within two years and it has started looking for locations to set-up a new manufacturing unit, Optiemus Electronics Limited (OEL) managing director A Gururaj told PTI. "We will have to wait and see how much volume our customers will look at, but I do believe that over the next one to one-and-a-half years, at least a couple of thousand people will be added on the shop floor, if not more," Gururaj said. At present, the company has a team of 300 people. OEL is among the electronic manufacturing services firms that have qualified for production-linked incentive (PLI) schemes for mobile phones, IT hardware and telecom products. The government is giving incentives to companies under the PLI scheme based on t

India poised to grow electronics manufacturing to $300 bn in 3-4 yrs

The world is seeking more trusted sources for electronics post-COVID-19 and India has all the key elements in place to grab the opportunity: Minister of State for Electronics and IT

Component shortages to affect some chip demand in current quarter: Samsung

The world's top maker of memory chips posted a 28% jump in operating profit in the July-September quarter to 15.8 trillion

Chip shortage, supply crunch hit new brands in tough Indian laptop market

When popular smartphone brands like Xiaomi and realme entered the laptop market in India last year, they were expected to shake the existing giants

Semiconductor shortage dampening festive spirit for electronics, auto firms

The global semiconductor shortage is hitting the Indian mobiles, consumer electronics and automotive sectors hard in the midst of the festive season when sales usually peak, with the automobile industry understood to have piled up around 5 lakh pending orders. While customers usually get bargain deals or handsome festive discounts during this period, this time they are paying higher for a host of items ranging from mobile handsets and TVs to cars due to the chip shortage. Freebies have vanished from most of the automotive showrooms as manufacturers struggle to meet demand. "If you look at the demand parameters, which is reflected in bookings or in queries, they are very good. However, the supply side this year unfortunately is a little muted because of this semiconductor issue. "That is the reason why the number of bookings have built up but supplies have not come," Maruti Suzuki India Senior Executive Director (Marketing & Sales) Shashank Srivastava told PTI. The auto industry, ..

Homegrown brand boAt leads as India TWS market grows 68% in Q2

Homegrown audio brand boAt maintained its lead for the fourth successive quarter as India's true wearable market registered 68 per cent (YoY) growth during Q2, a new report showed on Friday

Samsung maintains second spot in tablet market in Q2, says report

Samsung Electronics stayed on as the world's second-largest tablet computer vendor in the second quarter of the year, a report showed on Friday, as it strives to catch up with industry leader Apple.

Micromax In 2b all set to launch on Friday; check expected price, features

The Micromax In 2b event will begin at 12 noon tomorrow

Prime Day: Amazon India sees highest participation from small businesses

Customer from 96 per cent pincodes of India place orders during Amazon's Prime Day event

Cashify acquires UniShop to empower mobile retailers across India

Re-commerce marketplace Cashify on Tuesday said it has acquired UniShop, an omnichannel retail solution platform, for an undisclosed sum

India's automotive electronics market to cross $18 bn by 2027: Report

India's automotive electronics market is expected to cross $18 billion by 2027 driven by rising income levels and increasing customer preference for in-vehicle digital experience

LME to reopen iconic trading floor, but says electronic trading is future

The floor was closed in March 2020 for the first time since World War II to allow for social distancing needed to deal with Covid-19

Domestic electronics sector set to grow 12-17% in FY22: CRISIL SME Tracker

As the economy recovers, so should discretionary spending, which again will be salutary.

CG Consumer well placed to gain share on demand recovery across categories

Improving cash flows, robust balance sheet and margin levers are other positives

Foxconn warns components shortage will last until at least next year

Apple supplier and the world's biggest contract electronics manufacturer Foxconn has claimed that the ongoing global shortage for electronic components will last until at least 2022.

No charging of electronic devices on board trains at night: Railways

The Railways has decided to disallowed passengers from using mobile charging stations onboard trains between 11 pm and 5 am as a precautionary measure against the spread of fire

B2B startup Udaan witnesses huge surge in business across Bharat

Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year, says Udaan co-founder

B2B startup Udaan sees demand for electronic products rising in lockdowns

400 sellers clocked sales worth Rs 1 crore each on website for gadgets last year, says company

TV prices to rise from April as panels get costlier in global markets

Prices of LED TVs are set to rise further from April as the cost of open-cell panels has gone up in the global markets

Future iPhones may arrive with smart magnetic connectors

Apple has patented different types of magnetic smart connector systems