market insights
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India’s Electronics Boom: Spearheading The Global Market from Import to Export Weeks after Shri Narendra Damodardas Modi became the Prime Minister of India in May 2014, a meeting has been summoned by the PM in Vigyan Bhawan for discussing key development strategies and the roadmap for India. While discussing the current policies and strategies, the PM also urged for Making products in India. In fact, separate funds and campaigns must be done to… |
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New EV Policy 2024 Permits all EV Companies to Make Greenfield Investment Commitments As per the new electric vehicle policy 2024, customs duty has been reduced to 15 percent and it will be imposed on EVs with a minimum CIF (Cost, Insurance, and Freight) value of USD 35,000 or above for a total period of 5 years. A senior government official has now told the media that all the EV firms in the country including the… |
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President Biden Deploys 100% Border Tariff on China Made Electric Cars Sold in the US The White House also mentioned that in order to protect employment in the US and to counter the unlawful trade practices, the President has undertaken this decision. In an effort to bolster the electric vehicle industry in the US, incumbent president Joe Biden has now passed an order to increase heavy duty on EVs manufactured by… |
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Will India Become the Next “World’s Factory” in Electronics Manufacturing? An In-Depth Analysis 10 years ago, India imported 98 percent of mobile phones and at present 99 percent of the devices are made in India. In the coming days, 25 lakh people will work in electronics manufacturing. During the COVID-19 situation in 2021, China manufactured around $1.7 trillion worth of electronics, which contributed 28 percent of global production. China holds a 33 percent share of global exports… |
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How Intel Aiming to Boost Chip Production in US With $10bn Subsidy A couple of weeks back, two smaller Chips Act grants were already sanctioned by the commerce department Some industry insiders in the US have now told the media that the government spearheaded by Joe Biden is planning to offer more than $10 billion subsidy to Intel. Bloomberg has reported that the discussions… |
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Global Semiconductor Market To Recover With an Annual Growth Rate of 20% in 2024, Says Analysts Although there are some sporadic short orders and rush orders in the second half of 2023, it is still difficult to reverse the first half annual decline of 20%, thus, the semiconductor sales market is expected to still decline by 12% in 2023 The global market intelligence firm IDC has now revealed that with the global demand for… |
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Global Car Manufacturers To Fund The Full Subsidy For EV Buyers in Germany This year, the EVs registered and delivered will be receiving the full subsidy amount of 6,750 euros, but if they are registered between January 1 and 31st March, will get a subsidy of 4,500 euros After the government of Germany terminated a state backed electric vehicle subsidy scheme ahead of time, global automobile manufacturers… |
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How Renault Aims to ‘Democratize’ the EV Market in Europe By 2026 Overall, there will be around 40 percent price reduction in manufacturing costs by 2027-28 The French global car-maker Renault is now aiming for new strategies for its newly formed combined software and electric vehicle business. According to the company, the strategy is expected to democratize the battery backed cars market in… |
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How Samsung is Helping Build Energy Efficient Homes Globally Samsung has worked to develop Net Zero environments and the effort was recently showcased as an interactive experience at IFA 2023 Samsung announced its showcase of a model home with a Smart Home Energy Management System (SHEMS), supported by SmartThings Energy, in Brobyholm, a smart and energy efficient residential community… |
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Global EV Battery Sales Soar 54% YoY in H1, CATL Leads
Chinese battery suppliers held nearly two-thirds of the EV battery market. Tesla, BYD and Volkswagen installed nearly 45% of total EV batteries in H1 2023 The global EV battery capacity sold in H1 2023 grew 54% YoY to reach over 300GWh, according to the latest research from Counterpoint’s… |
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How Generative AI Driving Significant Impact to Enterprises in Asia/Pacific, Define Analysts As enterprises continue to explore and adopt GenAI, the technology is poised to redefine the ITOps landscape in the Asia/Pacific region In a recent IDC report titled How Generative AI Is Set to Play a Leading Role in IT Operations, IDC reveals the transformative role of generative AI (GenAI) within IT operations (ITOps) across the… |
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How Israel's Tussle With Hamas Negatively Impacting The Global Semiconductor Industry Intel has five major locations that provide employment to 12,800 people and the work comprises AI and autonomous vehicles Israel being a small country located outside East Asia plays an important role on the international semiconductor industry. The country produces scores of engineering talent and is an important destination for… |
