BUSINESS NEWS
Electronics and smartphone manufacturers in India are urging the government to eliminate tariffs on imports from the US for smartphones, telecom equipment, wearables, and consumer electronics, arguing that America is not a direct manufacturing competitor in these categories.
The Russian electronics industry requires $3.8 billion in private investment to meet government targets. However, private investors are unlikely to contribute the full amount, and the state can only provide a fraction of the necessary funding.
Hewlett Packard Enterprise (HPE) has revealed it is set to lay off an estimated 2,500 workers over the next two years following disappointing economic performance.
Hewlett Packard Enterprise plans to move 90% of North American production out of China by October.
NAND production market conditions seem to be nearing the bottom, as SanDisk will implement prices increases of over 10% starting April 1.
Kalyani Powertrain and Compal Electronics have signed a technology license deal for the production of X86 platform servers in India.
A US Court last week nixed an order barring a subsidiary of Foxconn from pursuing arbitration in China of a patent dispute with power systems manufacturer Vicor while related proceedings at the US International Trade Commission are ongoing.
Schmid Group has filed a lawsuit against Shenzhen China Science & Technology Co., Ltd. (China SC) over allegations of trademark infringement and unauthorized copying of proprietary technology.
The UK's Competition and Markets Authority has given the green light to Synopsys' $35 billion acquisition of Ansys, subject to certain conditions.
Taiwan's exports in February rose 31.5%, well above expectations as demand for artificial intelligence related technologies got a boost from buyers trying to get ahead of new tariffs in the US.
The Northwest Electronics Design & Manufacturing Expo (NEDME) is gearing up for its 2025 event and announced quantum computing hardware expert Jim Clarke as keynote speaker.
Congressional Republicans "don’t see a huge appetite" for Trump's push to repeal the Chips Act.
Naprotek appointed Freddie W. Chavez Jr. vice president of business development.
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