Midstream firms to exit China but Germany invests more
Some global midstream technology hardware firms have started moving out of China or adding new capacity elsewhere, following in the footsteps of their customers, according...
Gen AI pushes global firms to pour money into hardware upgrades
Bengaluru: The world's largest companies are shifting their technology spending priorities, favouring hardware upgrades over IT services. This pivot is primarily driven by the rising...
MeitY and IT Hardware Firms Discuss New Import Rules Ahead of October Deadline
With the implementation of a new import authorisation mechanism set for October, the IT hardware industry in India has engaged in discussions with the Ministry...
As many as 17 firms under IT hardware PLI to start production this year: IT Secretary, ET Telecom
New Delhi: Majority of manufacturers qualified under the revised production-linked incentive scheme for IT hardware are expected to start production this year, a senior government...
$74 Billion Loss Awaits American Firms As Beijing Opts For Homegrown Software, Chips
China has taken the first official steps to completely break away from US computer software and hardware in its computers by pushing local alternatives. According...
GoI approves subsidies for Foxconn, Lenovo, other hardware firms under PLI scheme
The new subsidies will directly create at least 50,000 jobs and indirectly, about 150,000 more jobs. This initiative covers domestic assembly of desktop and laptop...
India confirms subsidies for Apple supplier Foxconn, Lenovo and 25 other tech hardware firms, bolstering country’s electronics supply chain ambitions
India will provide subsidies to some of the world’s biggest tech hardware companies, including Apple supplier Foxconn Technology Group and computer giant Lenovo Group, under...
domestic manufacturing | Central government approves investments by 27 firms under scheme to make IT hardware domestically
The government has approved investments by 27 companies, including Dell, HP and Foxconn, under its $2 billion incentive scheme to manufacture IT hardware domestically. Information...
Global hardware firms intensify talks with local cos on PLI, ET Telecom
New Delhi: Top global technology hardware brands have intensified talks with local companies that applied for the revised production-linked incentive (PLI) scheme to set up...
IT hardware PLI: Ten of 40 firms started manufacturing in July
Five companies will likely start operations from 1 April 2025. The government expects an incremental investment of ₹5,010 crore from the 40 applicants, including global...