ELECTRONICS
Rising India-Pak tension fires up defence stocks
Paras Defence soared 20% on Tuesday, while Data Patterns (India) and Garden Reach Shipbuilders and Engineers surged 14.9% and 12.3% respectively. Cochin Shipyard and Mazagon Dock Shipbuilders jumped 10% and 8.7% each. Unimech Aerospace and Manufacturing and DCX Systems India gained over 6%. Hindustan Aeronautics rose 4.15% and Bharat Electronics moved 4% higher.
Apple exports 97.6% of iPhones to US from India amid tariffs: Report
With Beijing retaliating against the US action, the reciprocal tariff on China has gone up to 245% for some products. However, consumer electronics items including smartphones and laptops have been exempted from reciprocal tariffs. The Trump administration will announce special tariffs for these products, sometime in May.
Samsung reports revenue increase thanks to mobile phone sales but its chip business suffers
Samsung Electronics experienced a significant surge in consolidated revenue during the first quarter, driven by robust sales of its latest smartphones. The company reported record-high quarterly revenue, with operating profit also showing an increase compared to the previous year.
TN CM launches special scheme on electronics components; targets Rs 30,000 cr investments
Tamil Nadu Chief Minister M.K. Stalin launched the 'Tamil Nadu Electronics Components Manufacturing Scheme,' aiming for ?30,000 crore in investments and 60,000 jobs. This initiative supports electronic component production, complementing the 'Semiconductor and Advanced Electronics Policy 2024.' The scheme offers incentives matching the Union Ministry's subsidies. Tamil Nadu leads in electronics exports, reaching USD 14.
Pakistan rushes air defence, electronic assets forward; steps up readiness drills
Following the Pahalgam terrorist attack, Pakistan has heightened its military readiness, moving air defense systems and troops to the border and PoK. These actions include reinforcing the Sialkot sector with radar, deploying electronic warfare assets, and repositioning armored and infantry divisions.
Samsung Electronics drops Q2 outlook due to trade uncertainties
Samsung Electronics raised Q1 profit 1.2% to 6.7 trillion won but cut its outlook due to US tariffs and AI chip export restrictions. Smartphone profits rose 23%, while chip profits fell 42%. The company may relocate production and expects solid Q2 chip demand but warns of weaker demand later this year.
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Samsung Electronics posts 22% jump in Q1 net profit
South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75 billion) for the January-March quarter, up 21.7 percent on-year.
New Tata plant starts iPhone production, Foxconn close behind as Apple looks to India, sources say
Apple has begun iPhone production at a new Tata Electronics plant in Tamil Nadu, with another Foxconn facility in Bengaluru set to start shipments in May. As US-China trade tensions rise, Apple is accelerating its shift to India, targeting major production relocation by 2026.
Optiemus partners with ASRock to manufacture PC motherboards in India
Optiemus Electronics has partnered with ASRock to manufacture enterprise and gaming PC motherboards for the Indian market, commencing production in April and availability in May. This move expands Optiemus's capabilities into IT hardware components, utilizing advanced manufacturing processes and nitrogen reflow systems to optimize soldering for complex AI motherboards. The partnership aims to reduce reliance on imports.
Electronics parts PLI draws in Dixon, Tatas, Foxconn and others
Companies like Dixon, Tata Electronics, Zetwerk and Foxconn are planning investments under the newly launched electronics component production linked incentive (PLI) scheme. Startups are getting in on the action as well. Contract manufacturing firm Zetwerk is actively exploring opportunities across multiple categories.
Amitesh Kumar Sinha appointed new CEO of India Semiconductor Mission
Amitesh Kumar Sinha, Additional Secretary at MeitY, has been reappointed CEO of the India Semiconductor Mission. With experience in electronics policy and incentives, his leadership comes as India prepares for ISM’s second phase. He also recently served as Bengaluru DRM.
LG Electronics IPO to be delayed amid market volatility
South Korean major LG Electronics has delayed the upcoming initial public offering (IPO) for its Indian unit, amid volatility in the local share markets, according to industry insiders.
ED conducts search operations at Gensol Engineering premises; seizes documents, electronic devices
The search and seizure operation was conducted by ED at the Ahmedabad and Gurgaon premises of the company. Some documents, electronic devices and others financial records have been seized.
Dixon to manufacture electronic components; Tata Electronics may invest Rs 2,000 cr under ECMS
Dixon Technologies is set to venture into electronics component manufacturing, initially for internal use before expanding to exports. Tata Electronics is expected to invest significantly in this sector under the government's incentive scheme. Dixon aims to produce display modules, camera modules, and lithium-ion batteries, contributing to the global value chain.
Norms unveiled to fire up electronics parts manufacturing in India
Companies with local design teams and ‘six sigma’ quality will be major factors in evaluating applications, said union electronics and information technology minister Ashwini Vaishnaw. The government expects the scheme to attract Rs 59,350 crore in new investments, create around 91,600 direct jobs, and enable production worth Rs 4,56,500 crore.
Six-year incentive plan: Norms unveiled to fire up electronics parts manufacturing in India
The govt has unveiled guidelines for the Electronics Components Manufacturing Scheme. This ?23,000-crore initiative aims to boost domestic electronics production. The online application portal opens on May 1. The scheme anticipates significant investment and job creation. It targets increasing India's global electronics share. Turnover and capital expenditure incentives are included.
Ashwini Vaishnaw asks electronics component makers to set up design teams to avail incentive scheme
Electronics component manufacturers seeking government incentives must establish design teams and achieve Six Sigma quality, according to Union Minister Ashwini Vaishnaw. While not a formal requirement for the Electronics Components Manufacturing Scheme (ECMS), these factors will significantly influence approval.
Samsung to invest Rs 1,000 cr more in Sriperumbudur plant; 100 new jobs likely
Samsung Electronics plans to invest ?1,000 crore in its Sriperumbudur factory near Chennai. This investment will create 100 new jobs. The announcement comes despite recent labor protests at the plant. These protests involved wage revisions and union recognition. Tamil Nadu has attracted significant investments between May 2021 and March 2025. The state leads India with 31,517 operational factories.
Apple plans to ramp up iPhone production in India to accelerate manufacturing shift from China
Apple intends to significantly increase iPhone production in India. This move aims to shift manufacturing away from China. The goal is to mitigate business risks from the Sino-US trade situation. India's iPhone output could rise to 70-80 million by 2026. India may become a key iPhone supplier to the US. Government support will be crucial for this expansion.
Samsung to invest $117 million in southern Indian facility, minister says
Samsung Electronics will invest ?10 billion ($117 million) in its southern India plant despite recent labor unrest. Following strikes and protests over suspensions and wage demands, the move signals continued confidence in Tamil Nadu’s workforce, with plans to add 100 jobs at the facility.
Apple aims to source all US iPhones from India in shift away from China: FT report
In a pivot away from China amid Trump's trade war, Apple is looking to move assembly of all US-sold phones to India. China, where Apple manufactures most of its iPhones, has been hit the heaviest with tariffs by Trump administration. The tech major has been steadily building capacity in India with contract manufacturers Tata Electronics and Foxconn.
K-tech plugs into India to light up electronics
LG Electronics is expanding its operations in India for exports, prompting its Korean component manufacturers to establish factories in the country with a ?1,200 crore investment. Samsung is also considering a similar move, potentially bringing more Korean vendors to India. This shift is driven by LG's plans to export to various regions and favorable tariff conditions compared to Vietnam.
LG Electronics pauses IPO plans of Indian unit: Reports
LG Electronics has reportedly paused its Indian unit's IPO plans due to volatility in the local stock markets, according to Bloomberg News. While an LG official stated the IPO process is underway and refuted claims of suspension, this decision aligns with similar actions by other companies like Ather Energy, which recently scaled back its IPO amid market uncertainty.
Delhi HC seeks Centre’s reply on LG, Samsung plea against electronic waste management policy hike
The Delhi High Court is reviewing petitions from electronic manufacturers like LG and Samsung, who are challenging the new e-waste management policy. These companies argue that the policy's increased payouts to recyclers, mandating a minimum of Rs 22 per kg, will triple their costs.
Next in Gensol crisis; No-go for China in India’s electronics
Lenders to Gensol are getting jittery as the company’s troubles compound. This and more in today’s ETtech Top 5.
Tech-for-stake: 10% cap likely for Chinese firms in electronics JVs
India is likely to cap Chinese equity investment in electronics joint ventures at 10%, contingent on technology transfer, prioritizing local manufacturing development. This decision comes as Chinese firms show increased willingness to meet investment conditions, driven by the US tariff war.
Move to protect against cheap imports hurts Electronics Inc
India's move to protect against substandard imports is creating supply chain risks for electronics manufacturers, potentially hindering export competitiveness. Quality control orders on base metals unintentionally affect the electronics sector, causing sourcing constraints. Industry executives are seeking exemptions for electronics products, as these require high-grade raw materials not readily available in India, potentially disrupting production and global value chain integration.
India finalises electronics components scheme as it eyes major export growth
Key components like PCBs and camera modules will be made locally. Minister Ashwini Vaishnaw highlighted India’s maturing electronics ecosystem and its aim to boost exports to $500 billion by 2030-31.
India-made electronic products are gaining global recognition: Ashwini Vaishnaw
IT minister Vaishnaw noted that India's electronics manufacturing has grown fivefold in the past decade, touching Rs 11 lakh crore, while exports have increased six times to over Rs 3.5 lakh crore. He emphasized that a key development in the electronic sector has been the emergence of large-scale design teams within manufacturing firms.
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