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Foxconn, Wistron, Dell, Lava and 15 other firms apply for PLI investments

The electronics hardware manufacturing companies that have applied under category IT Hardware Companies are Dell, ICT (Wistron), Flextronics, Rising Stars Hi-Tech (Foxconn) and Lava, Meity said ....

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19 cos apply under PLI scheme for IT hardware

19 cos apply under PLI scheme for IT hardware
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19 cos apply under PLI scheme for IT hardware
TNN / Updated: May 5, 2021, 07:48 IST
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Apple s contract manufacturers Foxconn and Wistron are among the companies that have applied for investments under the production-linked incentive (PLI) scheme for IT hardware manufacturing
NEW DELHI: Apple s contract manufacturers Foxconn and Wistron, computer firm Dell and domestic firms Dixon and Lava are among the 19 companies that have applied for investments under the production-linked incentive (PLI) scheme for IT hardware manufacturing, the ministry of electronics and IT (Meity) said on Tuesday.
According to the ministry, the scheme is expected to lead to total production worth Rs 1.6 lakh crore. Out of the total, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed output of more than Rs 25,000 crore, Meity said. ....

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COVID second wave, lockdowns threaten Q1 growth: UBS : Bulletin: Business Today

With the second wave of the pandemic and the resultant localised lockdowns pulling down economic activity in April, Swiss brokerage UBS on Tuesday said this will impact the first quarter GDP to some extent. The UBS India activity indicator, which is a mea ....

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Taiwan's Foxconn forms semiconductor JV with Yageo

By Reuters Staff
2 Min Read
TAIPEI (Reuters) -Taiwan’s Foxconn said on Wednesday it has formed a joint venture with Yageo Corp to expand its presence in the semiconductor industry, as a global chip shortage rattles producers of goods from cars to electronics.
FILE PHOTO: A sign of Foxconn is seen at a glass door inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang
The supply bottleneck has led to production cuts and warnings of supply chain disruption from manufacturers across the world this year.
Electronics manufacturing conglomerate Foxconn, which counts tech giants such as Apple among its top clients, said in a statement the two companies will set up a new firm in Taiwan called XSemi Corporation. ....

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Wistron: Foxconn, Wistron, Dell, 16 other cos apply for investments under PLI scheme for IT hardware

Out of the total production, IT hardware companies have proposed production worth over Rs 1.35 lakh crore, and domestic companies have proposed production to the tune of more than Rs 25,000 crore, Meity said in a statement. ....

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