IT HARDWARE
Mobile phone maker realme partners Sony for upcoming 5G device with AI-imaging feature
Realme announced a partnership with Sony to launch the Realme 13 Pro Series 5G, featuring the world’s first Sony LYT-701 camera sensor and AI-imaging technology. Unveiled in Bangkok, this collaboration aims to revolutionize mobile photography with advanced AI and innovative camera hardware. The official launch dates for India and other markets will be revealed later.
Revenue growth to be quite significant for next 2 financial years: Saurabh Gupta, Dixon Technologies
I do not want to give you guidance on any number, but clearly the order book looks extremely healthy, not only across mobile vertical which is the largest trigger for our growth, I think so even IT hardware opportunities looking very promising.
AI smartphone sales likely to be dull in India in 2024
AI-capable smartphones are projected to constitute only 4-5 per cent of the 152-156 million total smartphone shipments in India this year. Global estimates suggest they will make up 17 per cent of 1.2 billion handsets by 2024. Market experts view smartphones as an ideal platform for AI accessibility due to advancing hardware and software capabilities. However, high prices, starting at $600, may impede widespread adoption in India compared to other markets like China, South Korea, and Japan.
Amrit Jiwan elected as new MAIT president
The Manufacturer's Association of Information Technology (MAIT) appointed Amrit Jiwan as president and aims to encourage domestic IT hardware manufacturing. They align with the New National Policy on Electronics and prioritize tax structuring stability for business growth under Jiwan's leadership.
Reforms in armed forces should be continuous to maintain supremacy during wars: President Murmu
President Droupadi Murmu highlighted the government's efforts to boost domestic defence production. She claimed that nearly 70 per cent of defence procurement was sourced from Indian manufacturers in the last year, and reforms resulting in India manufacturing over Rs one lakh crore of defence equipment. She emphasised upon modernisation of the armed forces, the importance of continuous reforms for military supremacy, and India's increasing defence exports, including the BrahMos missile deal with the Philippines.
Anti-dumping duty on PCBs hits IT hardware PLI beneficiaries
India imposed a 30% anti-dumping duty (ADD) on bare PCBs – an essential component in any electronics product – for five years in March on the commerce ministry’s recommendations following complaints from six local PCB makers, represented by the Indian Printed Circuit Association, over cheap inbound shipments from China and Hong Kong.
'Sweeping generalisation': BJP counters Elon Musk over EVM remark
The BJP on Sunday accused billionaire entrepreneur Elon Musk of making a "huge sweeping generalisation" by calling for eliminating EVMs, saying his views may apply to the US but not to India. In a recent post on X, Musk had said, "We should eliminate electronic voting machines. The risk of being hacked by humans or AI, while small, is still too high."
Bangladesh military complains about faulty Chinese parts
Bangladesh, a major buyer of weapons from China, has accused Chinese companies of supplying faulty parts and technical problems with its imported military hardware. The Bangladesh military has accused Chinese companies of supplying faulty spare parts for corvettes, petrol crafts, and onshore patrol vehicles, with manufacturing defects and technical challenges. The Bangladesh Air Force has alleged technical problems with Chinese-made F-7 fighter jets and short-range air defense systems, and has faced issues with firing ammunition for its Chinese-made K-8W aircraft.
Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027
India's EMS industry revenues are projected to double to $55 billion by FY27, driven by local component sourcing. Apple, Samsung, Lenovo, and other global firms are set to expand operations in India.
Smartwatch companies turn to premium buyers looking for upgrade
Leading smartwatch brands like Noise, Boult, and Boat are targeting repeat buyers with premium hardware to increase average selling prices and improve profitability amid declining shipments and intense competition. They are using their own processors, high-end materials, and aesthetic enhancements, while aggressively expanding into offline retail channels. This shift follows a 7.3% drop in Q1 2024 shipments and a fall in ASP to $20.65. The focus is now on offering premium products with better features to attract discerning consumers.
Indonesia accepts South Korea warship donation, despite cost concerns
Indonesia's parliament has approved a proposal to accept a South Korean donation of a corvette for its navy, despite concerns about the vessel's age and the need for significant maintenance costs. The 36-year-old corvette, Bucheon 773, is seen as a boost to Indonesia's military capability, but it requires approximately $85 million for maintenance and additional costs before it can be operational. Defence Minister Prabowo Subianto has been advocating for upgrading Indonesia's military hardware, but his decision to procure used equipment has faced criticism.
Congress slams Devendra Fadnavis over FDI data, says Maharashtra has always been on the top
The MVA government under Uddhav Thackeray fell in June 2022 after Eknath Shinde led a rebellion in Shiv Sena and joined hands with the BJP to become the chief minister. Congress is an MVA partner.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
FDI inflows into India fall 3.5 pc to $44 billion in FY24
Foreign direct investment (FDI) equity inflows in India fell 3.49% to USD 44.42 billion in 2023-24 due to lower investments in key sectors like services, telecom, and pharma. Total FDI, including reinvested earnings, declined marginally to USD 70.95 billion. However, inflows rose by 33.4% in January-March FY24.
Mark Mobius turns bullish on Chinese stocks amid recent rally
Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
Govt seeks updates from hardware PLI beneficiaries
The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management system with an import authorisation mechanism to make the country a global manufacturing hub. PLI-approved companies are required to submit monthly updates on their local manufacturing plans, such as the establishment of assembly lines, investments, and jobs.
Red Sea crisis driving up cost of white goods
The Red Sea conflict is causing a shortage of shipping containers, leading to challenges like contract cancellations due to the force majeure clause. Shipping lines are adjusting to the situation post the financial year closure.
17 cos to start production this year under IT hardware PLI 2.0
The Indian government is expecting most manufacturers qualified under the revised production-linked incentive (PLI) scheme for IT hardware to start production this year, according to the electronics and information technology ministry secretary S Krishnan. About 17 out of 27 PLI companies will start production, with six-seven starting last year and two planning to start next year.
As many as 17 firms under IT hardware PLI to start production this year: IT Secretary
Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production, with the India AI Mission prioritizing domestic firms.
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