Page 9 - Electronics

Mass production of LCD displays can start in India in 18-24 months: Innolux

A joint venture of diversified group Vedanta and Taiwan-based Innolux can begin mass production of LCD displays in India in 18-24 months after receiving government approval, a senior official of Innolux said. Vedanta has formed a joint venture with Innolux as a technology partner to set up a display screen manufacturing unit at an estimated cost of USD 3-4 billion in the country. The JV has submitted the proposal with the Ministry of Electronics and IT (Meity) under the programme for semiconductor and display fab ecosystem for incentives. Innolux President and COO, James Yang, who has an experience of project rollout, told PTI in an interview that the JV can begin the first phase of mass production of LCD displays within 24 months. "Once we decide to go, in 18 to 24 months, we can finish the first phase and start the mass production. Phase 2 might take another 6 to 9 months," Yang said. Innolux owns 14 TFT-LCD fabs and 3 touch sensor fabs in Jhunan and Tainan, Taiwan, with product

Workers at Apple supplier Flex's Tamil Nadu plant stage one-day strike

Many electronics manufacturers in India, including Foxconn and Pegatron, lack a union, while automobile factories have higher levels of organising, according to labour welfare workers

Crompton Greaves Q3 results: Net profit falls 3.1% to Rs 85.45 crore

Crompton Greaves Consumer Electricals Ltd on Wednesday reported a 3.1 per cent decline in its consolidated net profit to Rs 85.45 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 88.19 crore in the October-December quarter a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing. However, its revenue from operations rose 11.63 per cent to Rs 1,692.69 crore in the quarter under review. It was Rs 1,516.21 crore in the year-ago period. CGCEL's total expenses increased 12.22 per cent to Rs 1,596.90 crore in the December 2023 quarter. The total consolidated income surged 11.17 per cent to Rs 1,709.36 crore. In the December 2023 quarter, CGCEL's revenue from the electric consumer durables segment jumped 18.54 per cent to Rs 1,209.27 crore. However, revenue from lighting products was flat at Rs 249.36 crore. Revenue from its subsidiary Butterfly, which it had acquired earlier last year, was Rs 234.06 crore. Sha

Govt preparing electronics component linked incentive scheme: Meity Secy

The government is working on a new component-linked incentive scheme to encourage the production of electronics parts besides semiconductors, a top government official said on Tuesday. While speaking at the launch of made-in-India Milkyway tablets, Ministry of Electronics and IT Secretary S Krishnan said that the government has been talking to industry for design and make in India products and the other focus has been increasing local value addition. "The private sector is stepping up. We hope in Meity to have a component linked incentive scheme in the coming months which will assist this movement towards making India both a product nation and increasingly a nation that produces more components," Krishnan said. He along with Consumers Affairs Secretary Rohit Kumar Singh unveiled a 4G tablet developed by non-profit organisation EPIC Foundation. The tablet has been designed in India and will be produced locally by electronic manufacturing services company VVDN and JioPhone maker Unit

BHEL Q3 results: Net loss at Rs 149 cr, income up marginally at Rs 5,599 cr

State-owned BHEL on Tuesday posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, impacted by higher expenses. It had posted a net profit of Rs 42.28 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing. The company's total income rose to Rs 5,599.63 crore from Rs 5,353.94 crore a year ago. Its expenses increased to Rs 5,816.87 crore from Rs 5,320.84 crore in the third quarter of the last fiscal. BHEL is one of the largest engineering and manufacturing companies, engaged in design, engineering, construction, testing, commissioning and servicing a wide range of products and services.

Govt signs contracts worth Rs 2,269 crore with Bharat Electronics Limited

The defence ministry signed a Rs 2,269-crore deal with state-run Bharat Electronics Limited (BEL) on Tuesday for the procurement of 11 Shakti warfare systems, along with associated equipment. The electronic warfare system will be installed on-board the frontline warships of the Indian Navy, officials said. The Shakti systems are capable of accurately intercepting electronic emissions and implementing counter measures in a dense electromagnetic environment, they said. "The Ministry of Defence has signed a contract with Bharat Electronics Limited (BEL), Hyderabad on February 13 for procurement of 11 Shakti Electronic Warfare Systems along with associated equipment/accessories for Indian Navy under Buy (Indian-IDDM) category at a total cost of Rs 2,269.54," the ministry said in a statement. The Shakti EW system is indigenously designed, developed and manufactured. "The project will generate employment of two-and-a-half lakh man-days over a period of four years with participation of m

Bosch Q3 results: Profit rises 62.5% on healthy auto parts demand

The company's net profit rose year-on-year to Rs 518 crore ($62.4 million) in the three months to Dec 31

Lenovo to expand manufacturing capacity, begin laptop exports in 2 years

Smart devices maker Lenovo plans to expand production capacity of Motorola mobile phones and laptops to meet domestic requirements as well as serve export markets, senior company officials said on Wednesday. Speaking with reporters at Lenovo Tech World event here, the company's executive vice president and president for international markets, Matthew Zielinski, said that the company also has plans to make servers in India. "Our goal is to continue to expand capacity, increase capacity on the PC side. It also makes sense to export PCs to other parts of the world (from India). Then the third part is producing and manufacturing servers locally which I think is the next version of the PLI 3.0 that we're currently exploring," Zielinski said. He was responding to a question on the export potential of Lenovo products from India. At present, Lenovo's mobile phone division Motorola exports devices from India. The company has a laptop manufacturing unit in Chennai from where it meets 35 per

LG enters self-laundry service in India, to invest $4 million in 2024

Leading home appliances maker LG Electronics India on Wednesday announced its entry into the self-laundry services space, where it is planning to invest USD 4 million (around Rs 33.2 crore). The company has announced a new business venture -- innovative self-laundry service, which will be for university students, said a statement from LG Electronics India, a wholly owned subsidiary of South Korean chaebol (conglomerate) LG Electronics Inc. The company said it is planning to open 200 such self-laundry service centres by the end of this year. LG's foray into the commercial washing machine multi-housing business introduces a new line of services, bringing self-laundry solutions to college and university hostels, the company said in a statement. The first self-laundry service under the initiative is being introduced by LG Electronics in a private university in Greater Noida, which will serve 1,500 students, it said. LG Electronics India MD Hong Ju Jeon said, "With self-laundry service

Taiwan's Foxconn sees 'slightly better' 2024, warns on AI chip shortage

Foxconn Chairman said Demand for artificial intelligence (AI) servers will "of course" be good, but global economic uncertainty given geopolitical problems will affect consumer product demand

Electronics manufacturing, research get Rs 15,500 cr budget allocation

The government has allocated Rs 15,500 crore for various electronics manufacturing programmes, including semiconductor mission and mobile and IT hardware PLI scheme for FY25. It has proposed Rs 4,203 crore incentives for assembly, test, and packaging plants that can benefit projects like the ones set up by Micron in Gujarat, the proposed plant by Foxconn and HCL joint venture, Tata Group etc. The proposed outlay covers projects for setting up compound semiconductor and sensor plants. The scheme for setting up a semiconductor fab or electronic chip plant in India has been allocated Rs 1,500 crore, Mohali-based semiconductor laboratory Rs 900 crore, design linked incentive scheme Rs 200 crore. In total, various schemes under semiconductor projects will get Rs 6,903 crore allocation. Besides this, the government has proposed enhancing allocation for mobile production linked incentive (PLI) scheme to Rs 6,125 crore in 2024-25 from Rs 4,489 crore in 2023-24. Companies like Dixon, Foxc

Bharat Electronics bags IT infrastructure orders worth Rs 848 crore

State-owned Bharat Electronics Ltd (BEL) on Tuesday said it has bagged orders worth Rs 847.84 crore, including a major project from the finance ministry. The company bagged an order worth Rs 665.84 crore (plus taxes) from Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, to implement and manage IT infrastructure. "The scope of the project is to supply, install and maintain IT and networking infra, field IT support and centralised management and monitoring," BEL said in a filing to BSE, adding the maintenance support will be provided for five years which includes the implementation period. "This is one of the biggest civilian projects acquired on competitive basis by BEL during the current financial year," it said. BEL has also received orders worth Rs 182 crore towards miscellaneous spares and services. With this, BEL has received cumulative orders of Rs 28,494 crore in the current fiscal.

Television may cost 10% more as prices of open cells continue to increase

The retailer said some manufacturers might pass it on in a staggered manner as they also sit on some amount of inventories

Disruptions at Red Sea route may hurt auto, electronics production: GTRI

Longer disruptions at the crucial Red Sea trade route may hurt manufacturing lines of some sectors like electronics, automobiles, chemicals, consumer goods and machinery, economic think tank GTRI said on Sunday. The Global Trade Research Initiative (GTRI) said companies relying on just-in-time manufacturing processes can be particularly vulnerable as they maintain low inventory levels and depend on the timely arrival of components and finished products. Few industries where production will be impacted due to disruptions in global value chains include electronics, automotive, machinery, chemicals, pharmaceuticals, plastics, textiles, and consumer goods, it added. Components and finished products are often shipped through the Suez Canal to reach different markets, and disruptions can lead to delays in manufacturing and increased costs, it said. Due to the attacks by Houthi rebels on commercial ships, the movement of goods from the Red Sea, the world's busiest shipping route, has ...

R-Day sale 2024: Smartphones, PCs, and electronics fly off e-com shelves

Beginning January 13, e-commerce majors Amazon and Flipkart rolled out their Republic Day sale events in India, with various bank offers and discounts on gadgets and electronic items

LG unveils QNED 83 series smart TVs in India: Know price, features and more

The LG QNED 83 series features 120Hz refresh rate displays with support for Dolby Vision

Safe, sound, effective: What to look for when you buy a room heater

The device must do its job for less power and need not be kept on all the time

Havells India's Q3 profit rises marginally to Rs 288 cr on demand of wires

The company reported a profit of 2.88 billion rupees ($34.7 million) for the quarter ended Dec. 31, compared to 2.84 billion rupees last year

With online monitoring system going live, PC imports turn a trickle in Nov

Inbound shipments drop on monthly and yearly bases

Govt bats for direct-to-mobile technology, pilots in 19 cities soon

Govt keen to launch by 2025 technology that can allow multimedia content on smartphones without active internet