Electronics

Foxconn at a trade show

Foxconn Offers Higher Pay to Workers Producing Huawei Smartphones than iPhones

Taiwanese manufacturing giant Foxconn is reportedly offering a higher hourly wage to workers involved in producing Huawei smartphones in China compared to those engaged...
Corning fiber

Optiemus and Corning ink JV to set up manufacturing facility in India

India’s Optiemus Infracom and Corning International today announced a joint venture to set up a manufacturing facility to produce finished cover glass parts for...
Laptop

India’s Electronics Manufacturing Gets a Boost as 32 Companies Apply for Incentive Program

In a significant development for India’s electronics manufacturing sector, more than 32 international electronics companies have submitted applications to participate in the country’s incentive...
Smart TV channels

Global TV Panel Prices Rise Amidst Shifting Market Dynamics

TV panel prices have experienced a notable uptick since February, coinciding with China’s 618 Shopping Festival stock-up period. In addition, North America’s anticipated 3-4 percent...
Foxconn at a trade show

Foxconn Reports Q2 2023 Financial Results and Unveils Strategic Initiatives

Foxconn, the global electronics manufacturing giant, has released its second-quarter financial results for 2023, showcasing both challenges and advancements across various sectors. Despite a 14...
Lava smartphone manufacturing

India’s Electronics Manufacturing Sector Surges Ahead as PLI Scheme Attracts Record Investments

In a significant boost to India’s electronics manufacturing industry, the government’s Production-Linked Incentive (PLI) scheme has attracted impressive investments of Rs 6,887 crore by...
Foxconn at a trade show

Foxconn to Invest $600 mn in Chip Equipment Manufacturing and iPhone Component Unit in...

Foxconn, Taiwan-based electronics manufacturing giant, will make a significant investment of $600 million in two projects in the southern Indian state of Karnataka. The investment...
Foxconn manufacturing

Foxconn to Invest $194 mn in Electronic Components Facility in Tamil Nadu, India

In a significant development for the state of Tamil Nadu, Taiwan-based tech giant Foxconn has signed a deal with the government to invest 16...
LG Display OLED display at CES 2023

LG Display reveals growth plans after posting 15% drop in revenue

LG Display, a leading display panel manufacturer, reported its financial results for the second quarter of 2023, indicating both positive and challenging trends. South Korea’s...
Corning fiber

Corning revenue drops 10% to $3,243 mn during April-June

Corning, which supplies Gorilla glass for smartphone makers such as Apple and Samsung, said its revenue dropped 10 percent to $3,243 million during April-June 2023. Corning’s...
Whirlpool

Whirlpool sales drop to $4.79 bn in second-quarter

Whirlpool, a home appliances maker, said its sales fell to $4.79 billion from $5.10 billion for the second quarter. Whirlpool said it posted 29.5 percent...
Apple supplier Foxconn

Foxconn buys 50% stake in ZF Group’s axle system assembly unit

Taiwan’s Foxconn will buy 50 percent stake in ZF Group’s axle system assembly unit, creating a joint venture aimed at growing automotive and supply...
OLED Panels for Smartphone

OLED panels to capture over 50% of smartphone market share: TrendForce

OLED panels are projected to secure more than 50 percent of the smartphone industry’s market share by 2023, driven by a decline in production...
LG Electronics Korea

LG Electronics targets $39 bn investment

LG Electronics said it is targeting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won ($38.5 billion) of...
Haier India

Haier India to invest Rs 400 crore to boost manufacturing

Haier India announced the Phase II expansion of its Greater Noida plant with an investment of INR 400 crore for adding 44,890 square meters to...
STMicroelectronics unit in France

India has the highest tariffs on electronics inputs vs other economies: ICEA

India imposes the highest tariffs on electronics inputs compared to other competing economies, exacerbating its cost disadvantage, according to a study conducted by the...

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