Optiemus Electronics News Today

Nearly 12 lakh new jobs have been created in electronics manufacturing alone, which has crossed $100 billion

As the government begins the exercise to create benchmarks for electronics component manufacturing, industry stakeholders on Monday said the move will contribute significantly to creating an 'Atmanirbhar Bharat' and building a robust supply ...

PLI: The move, said experts, will cut original equipment manufacturers (OEMs) dependency on countries like China and Vietnam for procuring various components and sub-assemblies for their products.

Intel India will not be setting up a semiconductor fabrication unit in the country, but is instead looking to partner with manufacturers that are part of the government’s production-linked incentive scheme to make laptops

Electronics Manufacturing: The scheme for setting up a semiconductor fab or electronic chip plant in India has been allocated Rs 1,500 crore, Mohali-based semiconductor laboratory Rs 900 crore, design linked incentive scheme Rs 200 crore.

Year 2024 is expected to see robust growth in Indias electronics manufacturing sector which is set to grow 15 per cent. According to data shared by the government, domestic electronics manufacturing increased over four-fold to Rs 8.22 lakh crore or USD 102 billion in the last 10 years from Rs 1,80,454 crore (USD 29.8 billion) in FY14.

Year 2024 is expected to see robust growth in Indias electronics manufacturing sector which is set to grow 15 per cent. According to data shared by the government, domestic electronics manufacturing increased over four-fold to Rs 8.22 lakh crore or USD 102 billion in the last 10 years from Rs 1,80,454 crore (USD 29.8 billion) in FY14.

In 2023, India showcased significant potential in its pursuit of becoming a manufacturing powerhouse, with numerous large-scale projects either in the planning stages or already underway. The Production-Linked Incentive (PLI) scheme, covering 14 sectors, proved to be a catalyst, attracting investments exceeding Rs 95,000 crore by September. Here are some noteworthy milestones in Indias pursuit of local manufacturing in 2023, particularly in the cutting-edge fields of chips and telecommunications...

Computer chip maker Intel Corporation plans to lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as part of its ongoing efforts to cut

Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including some business and function-specific workplace reductions across the company, the statement read.