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India woos telecom gear makers with new incentives

India woos telecom gear makers with new incentives

(ATF) In yet another effort to attract high-tech manufacturing and cut imports, India on Wednesday approved a new $1.68-billion plan to promote local manufacturing and export of telecoms and networking gear.The scheme, which will start from April, will offer gear makers annual cash incentives of between 4% and 7% on …

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EVs set to power Hyundai sales surge in US and China 

EVs set to power Hyundai sales surge in US and China 

The Hyundai Motor Co says it expects new electric cars and sports utility vehicles (SUVs) will drive a sales surge in the United States and China this year, after reporting its best quarterly profit in over three years.Hyundai's holiday-quarter profit jumped 57% on the back of more demand for premium-margin …

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Hyundai Motor planning EV venture with Apple, papers say

Hyundai Motor Group planning EV venture with Apple, papers say

(ATF) Hyundai Motor and Apple plan to work together on autonomous electric vehicles, according to newspapers in Seoul. The companies plan to sign a partnership deal by March and start production around 2024 in the United States, Korea IT News reported on January 10.News that the two conglomerates were looking …

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Apple share gain dwarfs GM after car programme revealed 

Apple share gain dwarfs GM after car programme revealed 

Shares in Apple Inc jumped more than 3% on Tuesday, adding more than General Motors' entire market capitalisation to the value of the iPhone maker, after its plans to focus on electric car production were revealed.Apple, whose automotive efforts had been ‘uneven’ since 2014, is now targeting 2024 to produce …

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Apple set to hit the road with its own EV

Apple set to hit the road with its own EV

(ATF) Apple blazed a trail on the information superhighway, now it wants to do the same on the actual highway.The iPhone maker plans to be building its own electric cars by 2024, according Reuters. People familiar with the plans said the vehicle could include the Californian company’s own breakthrough battery …

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Wistron’s India episode may land Apple in hot waters

Wistron’s India episode may land Apple in hot waters

(ATF) In the past, the US technology giant Apple, has faced several allegations of labour law violations against its suppliers and vendors in China, and now Apple may have to take responsibility for the violence at its contract manufacturer Wistron's India plant, say sources.A report by the Karnataka government has …

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Look beyond US tech stocks and find value in Asia

Look beyond US tech stocks and find value in Asia

(ATF) Given the extensive economic damage created by the Covid-19 pandemic, it may seem strange that global stock markets are near record highs. This is largely explained by a stunning recovery in the shares of leading technology companies, especially those in the US and China.Three factors are behind the rally …

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Tata plans to build on Apple business 

Apple, Tata join hands to boost handset production

(ATF) India's Tata Group is pivoting to phone components with a new plant that could build on business from Apple to win market share from China. Tata is setting up a globally scalable mobile phone and component contract manufacturing plant in India that will start by making iPhone parts, according …

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Chinese phone makers line up for new Snapdragon 888 chip

Chinese phone makers line up for new Snapdragon 888 chip

(ATF) Qualcomm has launched its latest 5G flagship mobile platform chip, the "Snapdragon 888", which was officially unveiled at the 2020 Snapdragon Technology Summit this week. The new chip has been met with great acclaim by Chinese phone brands, except Huawei, which is not permitted to use it. As Qualcomm’s …

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Foxconn to make iPads, MacBooks in Vietnam

Foxconn to make iPads, MacBooks in Vietnam

Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple, a person with knowledge of the plan has revealed, as the US firm diversifies production to minimise the impact of a Sino-US trade war.The development comes as the outgoing administration of US President …

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