CHINESE MOBILE PHONE MANUFACTURER
Germany to bar Chinese companies' components from core parts of its 5G networks
Germany, Europe's largest economy, will ban Huawei and ZTE 5G core network components by 2026 and critical systems by 2029, according to Interior Minister Faeser's March declaration. Chancellor Scholz views China as a systemic rival, encouraging climate collaboration and reduced dependence. Agreements with Deutsche Telekom, Vodafone, Telefonica were signed. Scholz's April visit to China prompted Beijing's criticism.
Samsung launches sixth generation foldables amid rising competition from Chinese brands
Samsung has intensified competition in the super-premium foldable smartphone segment with the launch of its sixth generation devices, the Z Flip6 and Fold6. Despite maintaining a dominant 79% volume share in India's foldable smartphone market as of Q1 2024, Samsung faces growing competition from Chinese brands like Tecno, Motorola, OnePlus, and Vivo.
Why has Microsoft decided to provide iPhones to Chinese employees who use Android smartphones?
Apple's App Store remains the only place for Microsoft employees in China to download and use the Microsoft Authenticator and Identity Pass apps. Microsoft tightened its security practices after a US Cyber Safety Review Board report published in March described a "cascade" of "avoidable errors" at the company.
Easier visa norms in works for non-PLI manufacturers: DPIIT secretary
The government plans to streamline visas for experts from China and other countries in non-PLI sectors. DPIIT Secretary Rajesh Kumar Singh disclosed approvals needed from Home and External Affairs Ministries for 14 PLI sectors initiated in 2021.
India catching up with China, Vietnam on phone exports
India is rapidly narrowing the gap with China and Vietnam in mobile phone exports. In FY24, while mobile phone exports from China and Vietnam declined by 2.78% and 17.6% respectively, Indian exports surged by 40.5%, according to officials citing global trade data. India has captured nearly 50% of the reduction in mobile phone exports from these two countries, aligning with its objective of absorbing a significant portion of the supply chain shift from China.
Mobile phone exports: India captures 50% share of fall in shipment from China, Vietnam
India's proactive strategies in capturing supply chain shifts, coupled with diversification efforts through the China+1 strategy, have propelled the country into a leading position in mobile phone exports. The remarkable growth in exports, particularly in the iPhone segment, signifies a significant milestone for India in the global market.
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After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.
10 Best Selling Mobile Phones of June 2024: Explore brands like OnePlus, Redmi, Samsung and more
If you are struggling to make up your mind about which smartphone to buy, then you are at the right place. Make sure to check out Amazon’s curated list of of this month’s best-selling mobile phones that come with massive batteries, advanced processors and a high-quality camera among other features.
Vivo set to open ₹3,000-cr India facility in July
Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.
Industry executives a worried lot: Why India-China tensions are equal to a big headache for electronics makers
Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry's expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
CBIC clarifies on display assembly of mobile phones for levy of 10 pc import duty
CBIC lists parts of mobile phone display assembly attracting 10% import duty. Concessional 10% customs duty on integrated display assembly. Circular by CBIC imposes 10% BCD on display assembly for cellular mobile phone manufacturing.
DRI clarifies 10% import duty on component imports, huge relief to industry
The Department of Revenue Intelligence (DRI) has clarified that components attached to the display assembly of mobile phones will attract a combined import duty of 10%, resolving a long-standing ambiguity. This decision affects parts like SIM sockets, side keys, and antennas when included in display assembly kits. This clarification, supported by the Ministry of Electronics and IT and the Prime Minister’s Office, aims to reduce litigation and confusion among manufacturers, customs officers, and the industry since the 2020 imposition of a 10% duty. The move is expected to aid the growth of the mobile phone manufacturing sector in India.
China enhances military support to Pakistan along LoC in Kashmir
This move is seen as part of efforts to strengthen China's ties with Pakistan and safeguard Chinese investments in Pakistan-occupied Kashmir, particularly related to the China-Pakistan Economic Corridor (CPEC).
10 Best Mobile Phones in India (May 2024) for Optimal Performance and Reliability
Explore the landscape of mobile phones in India, where a plethora of options awaits, ranging from flagship devices boasting cutting-edge features to budget-friendly smartphones offering excellent value for money. Dive into a world of powerful processors, stunning displays, and advanced camera systems with this list of the best mobile phones in India and redefine your smartphone experience. With brands like Apple, Samsung, OnePlus, and Redmi at the forefront, there's something for everyone, whether you are a photography enthusiast, a gaming aficionado, or a productivity powerhouse.
Best 5G Mobile Phones in India - 2024
Discover the cutting-edge world of 5G mobile phones in India with our latest collection. From lightning-fast connectivity to advanced features, our range of 5G smartphones promises to revolutionize the way you experience technology. Stay ahead of the curve and explore the future of mobile communication with our unparalleled selection of 5G devices.
Electronics companies seek Rs 35,000-crore incentive plan for components
"The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032," the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said.
10 Best Smartphones Under 15000: Elegant and Powerful Mid-Rangers
This article reviews the top smartphones available for under 15000 rupees, highlighting their key features, performance, and value for money. It covers models from various brands, assessing aspects like battery life, camera quality, and processing power. The guide aims to help budget-conscious buyers make informed decisions without compromising on essential smartphone functionalities.
Unpredictability in enforcement agencies action needs a check: ICEA chairman
While speaking about the achievement of the mobile industry in the last 10 years, India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said that the next phase of growth in the country will come from exports and there is a need to build domestic champions in the sector as part of government's 'Atmanirbhar Bharat' (self-reliant India) plan.
Expecting good response from many companies on EV policy: DPIIT Secy
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
Dixon ropes in Realme, plans to manufacture display modules for mobile phones: MD
Dixon Technologies, an Indian contract manufacturer, has secured Realme, a Chinese smartphone brand, as a new client. They intend to commence production of display modules for mobile phones, tablets, and notebooks, with a targeted capital expenditure of $30 million, excluding costs related to land and buildings.
Dixon Technologies Q4 Results: Net profit rises 20% YoY to Rs 97 crore
The electronics manufacturer has over two dozen production facilities across the country. Dixon makes smartphones and feature phones for brands such as Xiaomi, Motorola, Samsung and Jio, and is in talks with other global brands for more manufacturing orders.
Huawei's new phone uses more China-made parts, memory chip
Huawei's Pura 70 Pro showcases China's tech self-sufficiency advancements through increased use of Chinese suppliers, including HiSilicon's NAND memory chip, and Kirin 9010 processor, challenging U.S. sanctions and impacting the smartphone market.
India could allow a tiny window in the Chinese wall
In the wake of border tensions, the Indian government has been looking askance at investments by Chinese companies in India. Press Note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with India (such as China) can invest only after government clearance.
Chinese smartphones rely on Reliance counters for better India presence
Chinese smartphone firms are increasingly relying on Reliance Retail's distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomi's sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distribute its devices to around 80,000 retail stores across the country. This comes as offline retail channels accounted for 61% of sales in the first quarter of 2024, up from 56% in the previous three-month period. Xiaomi and Transsion saw the fastest growth in the quarter to March.
Dixon to buy majority stake in Transsion manufacturing unit
Dixon Technologies, India's top contract manufacturer, plans to acquire a majority stake in Ismartu India, a manufacturing unit of Chinese phone maker Transsion Holdings. Dixon will initially purchase 50.10% stake for Rs 238.36 crore in cash, with plans to eventually hold around 55% stake. The deal aims to boost India's role in the mobile phone ecosystem dominated by Chinese brands.
Taiwan earthquake likely to have minimal impact on global electronics supply chain, Indian market remains stable
The 7.4 magnitude earthquake in Taiwan, which caused widespread disruption in chip fabrication plants, is likely to have minimal impact on the global value chain in electronics manufacturing, including India. Industry executives and market trackers do not expect any adverse impact on prices or supply chains of mobile phones and other electronics items in India, which heavily relies on the Southeast Asian island nation for components.
Mobile phone manufacturing jumps 21 times to Rs 4.1 lakh cr in 10 yrs: ICEA
Over the past decade, mobile phone manufacturing in India has seen a remarkable 21-fold increase to reach Rs 4.1 lakh crore, driven by government policies like the Production Linked Incentive (PLI) scheme. This surge has enabled India to fulfill 97% of its mobile phone demand domestically, with 30% of production targeted for export in FY'24, amounting to an estimated Rs 1.2 lakh crore.
India's electronics industry meets targets; ranks 2nd in mobile phone production
The Indian electronics manufacturing industry has become the second largest manufacturer of mobile phones in a 10-year period, with cumulative production worth Rs19.45 lakh crore. Mobile phones are also the fifth largest exported commodity from India. The industry aims for large-scale manufacturing and domestic value addition with government support.
Mobile exports to grow to $50-60 billion, says IT Minister Vaishnaw
"(Mobile phones worth) $11 billion were exported last year. In the coming days, you will see exports to the tune of $50-60 billion. 10 lakh people work in electronics manufacturing. In the coming days, 25 lakh people will work in electronics manufacturing," Vaishnaw said while sharing a presentation on India's growth story.
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