Connect with us

Tech

Apple Suppliers, Samsung Apply for Government’s PLI Scheme

Published

on

Apple’s Taiwan contract manufacturers Foxconn, Wistron, and Pegatron have applied for $6.65 billion (roughly Rs. 49,828 crores) scheme to boost local smartphone manufacturing, tech minister said on Saturday. The production-linked incentive (PLI) plan offers companies cash incentives on additional sales of devices made locally over five years, with 2019-2020 as the base year. India hopes it will help turn the country into a global smartphone export hub like neighbouring China.

Apple already assembles some its smartphones, including the iPhone 11, via Foxconn and Wistron’s local unit in two states.

Pegatron, one of Apple’s top suppliers, has yet to open a plant in India, but is in talks with various states to set up operations, according to sources.

South Korea’s Samsung has also applied for PLIs, technology minister Ravi Shankar Prasad told a news conference.

Samsung runs what it calls the world’s biggest mobile phone manufacturing plant on the outskirts of New Delhi. It also exports devices made at the plant.

Lava, which once also assembled some models for China’s Lenovo, was among the companies which had applied for the scheme, Prasad added.

India’s smartphone sector is a bright spot in the nation’s economy, thanks to Prime Minister Narendra Modi’s emphasis on local manufacturing in a bid to create jobs.

With more than 1 billion wireless subscribers and roughly 350 million users still on basic phones, India offers huge room for growth to smartphone makers.

Its labour, which is cheaper than China’s, also allows companies to produce or assemble at lower costs.

And companies are ramping up.

Foxconn said it plans to invest up to $1 billion to expand a factory in Tamil Nadu state where it assembles iPhones, sources told Reuters last month.

© Thomson Reuters 2020


Is iPhone SE the ultimate ‘affordable’ iPhone for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts or RSS, download the episode, or just hit the play button below.

Source link

Tech

Hashtag Trending – Tesla’s battery goals; Toronto the startup hub; Climate pledges from the corporate world

Published

on

By

Tesla’s new battery goals, Toronto is a global powerhouse for startups, and new climate pledges for some of the world’s largest companies.

It’s all the tech news that’s popular right now. Welcome to Hashtag Trending! It’s Thursday, September 24, and I’m your host Baneet Braich.

Tesla has announced a new generation of batteries that will be more powerful and half the expense of the current cells used in the vehicles. Elon Musk says that in three years the new batteries will have larger cylindrical cells providing five times more energy, six times more power and 16 per cent more driving range. To further bring the cost of batteries down, Musk told the Guardian that Tesla plans to recycle its batteries in its Nevada gigafactory and reduce cobalt to virtually zero which is one of the most expensive battery materials. Now, the plans for these batteries are not fully complete just yet and more is to come as environmental policies get stricter and investors are seeking how Tesla can grow it lead over legacy automakers.

====

Despite all the economic and business challenges in 2020. Toronto is one of the world’s leading entrepreneurial ecosystems according to a new report. LinkedIn’s Top Startups in Canada list for 2020 suggests seven of the top 10 startups are Toronto based. The criteria had scopes about employee growth, jobseeker interest, member engagement with the company and its employees. Some of the startups include Drop, Clearblanc, and Book Jane.

=====

Climate Week is underway and some of the world’s largest companies have new plans to combat climate change. Here are some goals the companies announced:
General Electric said it will stop building coal-fired power plants. Morgan Stanley is hopeful to cut the emissions to net-zero within 30 years. Amazon wants to help customers shop for sustainable products, and Walmart says it would only use renewable electricity by 2035 and take its global operations zero-emission within 20 years. [LinkedIn thread]

That’s all the tech news that’s trending right now. Hashtag Trending is a part of the ITWC Podcast network. Add us to your Alexa Flash Briefing or your Google Home daily briefing. I’m Baneet Braich, thanks for listening.


Related Download
Business solutions Sponsor: LG


LG Business Solutions

New technologies can ease the burden on IT departments while enhancing productivity and satisfaction for the end users they serve.
Learn More

Source link

Continue Reading

Tech

Samsung Galaxy S20 FE with triple rear camera setup, 5G, a 120Hz refresh rate display launched- Technology News, Firstpost

Published

on

By

Samsung launched the Galaxy S20 FE (Fan Edition) at a Galaxy fan event. The Galaxy S20 FE comes with an Infinity-O display that has a 120Hz refresh rate, Qualcomm Snapdragon 865 chipset and triple rear camera setup. The smartphone comes in both 4G and 5G variants, and three storage variants that offer up to 8 GB RAM and 256 GB of internal storage. Galaxy S20 FE is a trimmed-down version of the Galaxy S20 that was launched in India back in February this year at Rs 66,999.

Samsung Galaxy S20 FE pricing, availability

The 5G variant of the smartphone is priced at $699 (approx. Rs 51,400). It comes in 6 GB RAM + 128 GB storage variant, 8 GB RAM +128 GB storage variant and 8 GB RAM + 256 GB storage variant. In terms of colours, Galaxy S20 FE comes in Cloud Red, Cloud Orange, Cloud Lavender, Cloud Mint, Cloud Navy and Cloud White colour variants.

 Samsung Galaxy S20 FE with triple rear camera setup, 5G, a 120Hz refresh rate display launched

Samsung Galaxy S20 FE

It will go be available for purchase on 2 October only in select markets. India pricing and availability of the smartphone have not been announced yet.

Samsung Galaxy S20 FE specifications

The smartphone features a 6.5-inch Super AMOLED Infinity O display that comes with a 120 Hz refresh rate and a resolution of 1,080 x 2,400 pixels. The 4G variant is powered by the Exynos 990 chipset whereas the 5G variant is equipped with a Snapdragon 865 processor. In terms of storage, both 4G and 5G variants offer up to 8 GB RAM and 256 GB of internal storage.

For photography, Galaxy S20 FE sports a triple rear camera setup that houses a 12 MP primary sensor, a 12 MP ultra-wide lens and an 8 MP telephoto lens. For selfies, it comes with a 32 MP front camera.

The smartphone comes with a 4,500mAh battery that comes with support for 15W fast charging and wireless charging.



Source link

Continue Reading

Tech

Walcott quits, Agard returns – Tech News TT

Published

on

By

Above: Good times. George Hill and Dr Ronald Walcott in 2012. Photo By Mark Lyndersay.

TSTT has announced the resignation of Dr Ronald Walcott and the appointment of Lisa Agard as acting CEO.

Walcott served as CEO for six years, taking the role after the departure of George Hill. Both men were key players in the company’s push to 4G, Hill as Chief Technology Officer and Walcott as Executive VP for Mobile, overseeing the migration from Nortel hardware to Huawei installations and guiding the marketing push to migrate customers to the new standard.

Walcott ends his half-decade in the role on October 01, 2020, having overseen a massive staff rationalisation exercise, a 2016 loss of $316 million, the design of a new five-year $3.7 billion restructuring plan.

He led the Zero-copper campaign to switch legacy copper landlines to fixed wireless connections, a project formally announced in October 2018 which remains incomplete.

Beginning in November 2018 the company began staff retrenchments which would result in the separation of more than 600 employees.

In May 2017, Walcott guided the company’s acquisition of the fledgling and largely faltering Massy broadband operation Amplia.

Helming Amplia were two TSTT veterans, Lisa Agard and Trevor Deane.

At that point, the company was experiencing a 99 percent drop in profitability against a $230 million investment in building a fibre network.

Walcott’s departure follows the resignation of Chief Technical Officer Hassel Bacchus, who is is now a Minister in the Ministry of Public Administration. Bacchus was overseeing, as part of his duties, the reengineering of the company’s financial backoffice, another project which is not completed to the satisfaction of the company’s customers.

A recent press release photo of Dr Ronald Walcott.

Source link

Continue Reading

Trending