The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt. With 16 unicorns (startups with a valuation of over $1 billion) and more than $11 billion in funding, chiefly from the US-based investment firms (till June-end), the year 2021 has proved that Chinese investment is …
As a truly vibrant mobile-first nation, Indians, across demographics, who have never used a desktop or a laptop, have been able to leapfrog to the digital world through smartphones and overcome their geographic and socio-economic barriers. Today’s smartphones are the conduit for consumers to enjoy an array of connected experiences. The timeline to the launch …
Foxconn, the key supplier to iPhone maker Apple Inc., announced on Wednesday that it is planning to add more manufacturing facilities outside China to reduce its dependence on the country in the light of the ongoing trade war, reported Bloomberg. Foxconn chairman Young Liu said China’s proportion in its total production has come down to …
On March 24, 2020, Indian PM Narendra Modi ordered a complete lockdown for India’s 1.3 billion people starting at midnight, lasting for a minimum of 21 days, and applicable all of India’s 36 states and territories. This is in response to the Coronavirus (COVID-19) pandemic that originated first in Wuhan, China in December of last …
China is the hub of the global smartphone manufacturing supply chain. In fact, it accounts for almost 85% of the mobile phone components imported into India. Roughly, 12% of semi-knocked down (SKD) components are being sourced locally. The dependency of the world, as well as of India, on China for electronics components, cannot be emphasised. …
Welcoming the Narendra Modi cabinet’s decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon. In a statement shared with , the Cupertino-based iPhone maker said it appreciates the support and hard …
The ongoing US-China trade war represents a seminal moment in trade history with significant promise for a clear realignment of global value chain. In July 2018, US President Donald Trump followed through on his threats, and imposed sweeping tariffs on China for its alleged unfair trade practices. The US imposed higher tariffs on US$250Bn worth …
Chinese smartphone giant Huawei, which is currently battling the trade ban imposed by the US, has also been cut off by Facebook to comply with the sanctions, but experts believe that the move by the social networking giant would not have worrying implications on the smartphone player. “Unlike Google, Facebook has taken a different approach …