BUSINESS
NXP Semiconductors to invest over $1 billion in India, doubling its R&D effort, says CEO Kurt Sievers
The company has four semiconductor design centres in India and about 3,000 employees. At the local R&D centres, artificial intelligence (AI) is one of its key focus areas for getting into more advanced systems for automotive and other applications.
BUSINESS
PM Modi sets $500-billion target for India’s electronics sector by 2030
Currently, the nation’s electronics market is valued at approximately $155 billion
BUSINESS
Uttar Pradesh to attract semiconductor units, says Minister Ashwini Vaishnaw
Uttar Pradesh is prepared to offer a capital subsidy of up to 25 percent to companies establishing semiconductor fabs in the state, Chief Minister Yogi Adityanath said
TECHNOLOGY
Samsung to layoff employees amid falling sales, rising competition in India
Sources said the company may lay off employees across functions such as sales, marketing and operations. One person familiar with the matter said the job losses could be in “high single digits”. Others cited higher numbers.
BUSINESS
Abu Dhabi’s G42 plans AI-focussed large data centers, supercomputer, Hindi LLM: India CEO
Jain, who previously led Xiaomi’s India operations, G42, through its subsidiary company, Inception, invested “millions of dollars” to develop this Indic LLM. He said the LLM will launch commercially in India in 4-5 months.
BUSINESS
Govt mulls raising subsidy outlay for semiconductor scheme, awaits formal fab proposal from Tower-Adani JV: Mission chief
Tripathi, who heads the Rs 75,000-crore ISM, said there are around 20 additional proposals from semiconductor chip fabrication units, display fabrication companies, raw material suppliers, and chip packaging companies.
BUSINESS
iPhone 16 series to drive sales this festival season; Apple likely to ship 13 million phones in 2024
Strong iPhone sales along with MacBooks and iPads will push up Apple's India 2024 revenue by 18 percent from the previous year. The double-digit growth will continue in 2025, analysts have said
BUSINESS
No first-mover advantage for Bharti-backed OneWeb as DoT may not offer provisional spectrum: Sources
Eutelsat OneWeb recently urged the DoT to provisionally allot them the spectrum until the regulator completes the pricing and other terms consultation process.
BUSINESS
Premium smartphones to drive sales as brands gear up for deep discounts this festive season
Analysts said the upcoming festive season will help increase the share of smartphones priced above Rs 1 lakh in the second half. They said the upcoming launch of the latest iPhone 16 series and Samsung's latest foldable and S24 Ultra series will drive the growth.
BUSINESS
MC Exclusive | Kaynes Semicon targets 1st commercial chip from Gujarat unit by Mar, eyes $250-mn revenue: CEO
Kaynes has formally signed a deal with Lightspeed Photonics, a Singapore-based fabless system development company, for its Gujarat facility. The executive said the other two customers are from Taiwan and the US
BUSINESS
Samsung's online-only strategy fuels grey market, causes loss to exchequer, allege mobile retailers
Retailers have also flagged the recent exclusive launch of the M35 on Amazon, claiming this has led to a large number of these smartphones being sold illegally, which is aiding GST evasion
BUSINESS
ZTE, other Chinese telecom vendors unlikely to get relief despite plans to go local
China's Huawei and ZTE are yet to receive approval from the National Cyber Security Coordinator, as they are yet to meet the requirements under the the 'trusted sources regime'
BUSINESS
Nokia to step up investment for expanding fixed network R&D hub in Chennai
As a key hub for fixed networks, this investment will further strengthen Nokia’s technology innovations in 10G, 25G, 50G and 100G PON, fixed wireless access, Wi-Fi and MDU solutions, and access network and home controllers
BUSINESS
Fresh from fund raising, Vodafone Idea pays off dues for June quarter
Vodafone Idea is in talks with a consortium of banks to secure debt funding for its network expansion plan. It is looking to raise Rs 25,000 crore along with additional non-fund-based facilities of up to Rs 10,000 crore
BUSINESS
Airtel shuts down streaming service Wynk Music, to absorb all employees; to offer Apple Music at discounted rates
Wynk Premium users will receive exclusive offers from Airtel for Apple Music, Bharti Airtel spokesperson told Moneycontrol.
BUSINESS
Centre has no immediate plan to sell Vodafone Idea stake, reviews Rs 24,700-cr FBG waiver demand
DoT is evaluating a request by the telecom company for a potential waiver of bank guarantees on regulatory dues of Rs 24,747 crore
BUSINESS
Alarm bells for Samsung amid falling sales, retail issues as Chinese rivals increase smartphone market share
Brand fatigue, inventory issues, intense competition from Chinese brands and challenges from offline retailers are some of the factors behind its poor performance, analysts say
BUSINESS
Bhagwati-Huaqin manufacturing joint venture gets government nod; to make smartphones for Vivo
Shanghai-based Huaqin Technology is the world's largest original design manufacturer of mobiles, tablets and laptops. The nod will allow the Chinese firm to invest in the JV and acquire a minority stake
BUSINESS
CPaaS company Sinch open to M&As in India to accelerate growth, says CEO Laurinda Y Pang
Sinch CEO Laurinda Y Pang, who is in India, says the country is a critical market for the CPaaS firm in the APAC region and offers a great growth opportunity
BUSINESS
Telcos at odds with OTT communication providers over licensing regime
The Cellular Operators Association of India (COAI), representing telecom companies, said that to resolve the issue of an uneven playing field and to uphold the principle of "Same Service, Same Rule," these competing and substitutable services should be included under Access Services authorization in the new regulatory framework.
BUSINESS
DoT's demand for assessment reports on Chinese tech gives jitters to Airtel, Vodafone Idea; replacement may cost $2-3 billion
The DoT's proposal is similar to the 'rip and replace' program implemented in the United States, where the government provided funds to reimburse telecom companies for replacing equipment considered a national security risk.
BUSINESS
Connectivity to get better at airports, DoT looking to resolve 5G coverage issues within a month
The DoT expects to have 5G at and around 124 airports in a month’s time and is running tests to ensure the service doesn't interfere with aircraft systems
BUSINESS
Delays in BSNL’s 4G network rollout hinder India's plans to export 4G, 5G tech
The government’s plan to introduce local telecom technology by the second half of 2024 has been delayed due to equipment supply and deployment issues
BUSINESS
Vodafone Idea not engaged with govt on any stake offload plans: CEO Akshaya Moondra
Vodafone Idea’s payment obligations to the government stood at Rs 2,09 lakh crore as of June 30, including deferred spectrum payment obligations of Rs 1.39 lakh crore and AGR liability of Rs 70,320 crore
