SERVER MANUFACTURER
Foxconn’s Bharat FIH is facing turbulence due to top-level exits
Foxconn group company Bharat FIH is in a rough spot, with three of its independent directors having exited its board in the past three months. Interglobe Aviation chairman Venkataramani Sumantran, Sify Technologies cofounder Ramaraj R and former IT and telecom secretary Aruna Sundararajan have resigned. Sources cited the company’s lack of direction as the main reason for the resignations.
Women in India face a jobs crisis. Are factories the solution?
As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the ranks of formal Indian employment.
Wary Paytm to avoid regulated biz; Foxconn to make AI servers in India
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
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.
AI-focused manufacturing startup Bright Machines raises $106 million from Nvidia, others
The San Francisco-based company makes equipment and software that helps automate a range of manufacturing tasks through the use of artificial intelligence and machine learning.
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.
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S&P 500, Nasdaq close at record highs as data supports Fed easing
S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.
Tech stocks lift Nasdaq, S&P 500 as rate-cut expectations tick up
Nasdaq hits record intra-day high on tech rally, fueled by gains in Microsoft and Amazon. Investors remain cautious, weighing economic concerns against the possibility of earlier Fed rate cuts.
Intel battles AMD with new data center chips
Intel launched sixth generation Xeon server processors to regain data center market share. Gaudi 3 AI chip, priced competitively, provides a cheaper alternative to rivals' chips. Lunar Lake laptop chip, with a powerful AI processor, will ship in Q3.
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.
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.
Netweb Technologies starts commercial production at a new facility in Faridabad
Netweb Technologies launches high-end computing production at new Faridabad facility, aiming for Rs 2,000 crore turnover. Expansion plans include employee increase and international exports of Nvidia computers.
Majority of manufacturers to begin production under revised PLI scheme
The government had approved the application of 27 companies, including HP, Dell, Flextronics, Lava International, Lenovo, Netweb Technologies, under a revised PLI scheme for IT hardware that offers higher incentives and includes a localisation schedule.
Apple working on AI chips for data centers
Apple is reportedly developing its own chip, internally dubbed Project ACDC, to power artificial intelligence software in data centers, leveraging its chip design expertise. This move aims to bolster Apple's server infrastructure, with a focus on AI inference tasks. CEO Tim Cook signals a strong commitment to AI technology.
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese entities obtained advanced Nvidia chips through resellers post U.S. ban expansion. The servers contained Nvidia's most advanced chips and were made by various manufacturers. Potential diversions to China were highlighted.
Mega Networks plans to make AI servers in Maharashtra
Mega Networks is one of two Indian firms chosen for the production-linked incentive (PLI) scheme 2.0 for IT hardware. Under this, the government gives an incentive of around 5% on net incremental sales of goods manufactured in India.
Mysuru’s Kaynes to make 3,000 RUDRA servers for govt’s CDAC
RUDRA HPC servers under the NSM will be made to meet the computational requirements of sectors like hyper-scale data centres, edge computing, banking, finance, healthcare and advanced manufacturing.
Rivos raises $250 million to develop RISC-V AI chips
Rivos raises $250 million for AI server chip to challenge Nvidia's market dominance. Plans for RISC-V architecture chips. Strategic investments from Lip-Bu Tan, Matrix Capital Management, Intel, MediaTek, and Dell Technologies.
HPE starts rolling out made-in-India servers; plans to enhance local sourcing
"HPE's plan to manufacture servers in India aligns with its broader objective of supply chain diversification and resiliency. The company is actively exploring opportunities to deepen localisation by leveraging VVDN's backward integration capability and expanding its portfolio of products manufactured from India," the statement said.
Intel reveals details of new AI chip to fight Nvidia dominance
Tech companies are hunting for an alternative source of the scarce chips that are needed for AI. Intel said that its new Gaudi 3 chip was capable of training a specific large language models 50% more quickly than Nvidia's prior generation H100 processor.
Indian-origin eminent mathematician T N Subramaniam dies in US
Renowned mathematician Dr. T N Subramaniam, known for his work at General Motors and as the founder of Route One company, passed away in Michigan at the age of 76. He leaves behind a legacy of mathematical models and theories and is survived by his family, including his brother TN Ashok, an International Blogger.
Government likely to review laptop import management system in September
According to a senior official, the government aims to check whether companies made any efforts towards making in India.
Intel clinches nearly $20 billion in awards from Biden to boost US chip output
The historic outlay shows the Biden administration is betting big on Intel as part of the 2022 CHIPS and Science Act, a bid to boost domestic semiconductor output with $52.7 billion in funding, including $39 billion in subsidies for semiconductor production and $11 billion for research and development.
Super Micro Computer rides AI server boom to join S&P 500
Super Micro Computer, which joins the S&P 500 on Monday, enjoys a rare advantage among server makers that are trying to tap the generative AI boom - close ties with Nvidia that help it launch products faster than rivals Dell and Hewlett Packard Enterprise.
Cabinet greenlights Tata’s Rs 91,000-crore chip foundry proposal
Tata Electronics' Rs 91,000-crore project will be set up in Gujarat’s Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw said in a press briefing on Thursday.
India an outlier for Lenovo, outpaces markets like Japan, says top executive
Lenovo plans to add manufacturing capacity in India which is the Chinese major's most important international market and export from there too. Lenovo India managing director Shailendra Katyal said that the India market still has an upside due to low household penetration of PCs ranging around 10-12%, which is set to increase dramatically.
Intel delays $20 billion Ohio project, citing slow chip market: report
Its initial timeline had chip-making starting next year. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project.
Avalon Technologies partners with C-DAC for indigenously manufactured HPC servers
Electronics Manufacturing Services (EMS) player Avalon Technologies is now a strategic manufacturing partner for C-DAC. Avalon will assist in manufacturing Rudra HPC servers, India's first natively designed server by C-DAC.
Netweb partners Nvidia to make GPU servers in India
Netweb Technologies said that it is now a manufacturing partner for the Nvidia Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs.
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