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Renesas Electronics Soon to Acquire Altium to Provide Digital Device Design to Customers Engineers and designers who are working on circuit boards will be provided with innovative digital tools through this acquisition of Renesas The US based global software company Altium is highly expected to be wholly acquired by the Japanese semiconductor firm Renesas Electronics at an investment of $5.9 billion, according to Reuters… |
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Government Unleashes Rs 8000 Crore Incentive Scheme To Grow EV Battery Manufacturing in India Niti Aayog and RMI India published a survey report, which highlighted that there is a requirement for 260 gigawatt-hours of batteries by the end of 2030 In an effort to boost the growth of electric vehicles in the country, the government of India has recently unleashed a whopping Rs 8000 Crore for the purpose of manufacturing EV… |
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OPTIEMUS INFRACOM Announces Its Foray Into Drone Manufacturing For India And Global Markets As per leading Industry Chamber FICCI estimates, the drone manufacturing potential in India could be worth US$ 4.2 Billion by 2025, growing to US$ 23 Billion by 2030 making India a drone manufacturing power. Optiemus Infracom Limited (OIL), Indias electronics and telecommunications manufacturing companies, announced its foray into… |
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Despite Lowest Q2 Market Share in Past Three Years, How China is Still Leading the Global EV Race In an effort to reduce the greenhouse gas emissions and boost the growth of carbon-neutral vehicles, governments throughout the world are unleashing new initiatives, schemes, and legislation. For instance, USA’s bipartisan infrastructure law is looking for a target of 50 percent of new car sales to be electric by the end of 2030, while the European Climate law is… |
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Empowered Committee in PLI Scheme Approves Additional Rs 1000 Crore To Boost ESDM Ecosystem Until March 2023, an amount of Rs 2,900 Crore has been allocated by the government, but out of claims worth Rs 3,400 crore received under the scheme A senior government official has now told the media that an outlay of Rs 1000 crore has been approved by the Empowered Committee in PLI Scheme for the benefits of the Indian electronics… |
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Amid Recessions and Supply Chain Disruptions, How Europe will Lead The Global EV Market In the quarter one of 2023, sales of battery powered electric cars increased by 32 percent YoY, but there is a sales decline of plug-in hybrid EVs by 13 percent YoY A latest survey report has now mentioned that the growth in sales of electric vehicles in the European region has escalated by 13 percent YoY in Q1 of 2023. Now, when the… |
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ELCINA Welcomes India's New Licensing Requirement for Imports of Laptops, Tablets, and Personal Computers to Boost Domestic Electronics Manufacturing The Electronic Industries Association of India (ELCINA) welcomes the recent decision vide Notification No. 23/2023 dated 3rd August 2023 by DGFT, Ministry of Commerce and Industry, Government of India to implement a licensing requirement for imports of finished laptops, tablets, and personal computers falling under HSN 8471. This move aligns with ELCINA's vision to… |
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How China Is Becoming A Threat For The European EV Market Each Year, Explains Analysts 13 percent of China’s fleet will become completely electric or hybrid by the end of 2025 as compared to 6 percent internationally For the past couple of years, China has been very very active in launching affordable electric cars with sophisticated features, which is putting the western EV market at risk. A year back, China sold a… |
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To Lead The Semiconductor Industry, India Needs to Work More To Reestablish Credibility, Says SEMI CEO Manocha also added that prior to the Prime Minister's visit to the US, there could be a couple of announcements, which would put the Indian semiconductor industry impeccably on the track For the past couple of years, the government of India has been undertaking various efforts to boost the growth of the semiconductor industry. A top… |
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Why Toyota Aiming to Increase Its Electric Vehicle Market Share in China By 2024 For the financial year to March 2024, Toyota is looking to sell a record of 11.4mn units as compared to 10.6mn the previous year Amid the US-China geopolitical scuffles, Japan’s international car-maker Toyota is now eyeing to increase its electric vehicle market share in China. The company’s newly appointed chief executive Koji Sato… |
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How The West Planning to Defeat China In the Global EV Battery Manufacturing Industry The European Union (EU) is also looking forward to augmenting the speed of EV adoption by strictly restricting sales of new traditional IC vehicles from 2035 A lot of western and Chinese car-makers making their way in the Shanghai Auto Show are now occupied to impress the consumers by unleashing their top-notch technologies and car… |
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How Recent Geopolitics Between China, Taiwan Will Affect Global Semiconductor Production, Explains US Secretary of State Reports claim that 60 percent of the world's semiconductors are manufactured in Taiwan and 90 percent of them are top-notch ones A week back in a media conference, US Secretary of State Antony Blinken has stated that the escalating geopolitical scuffle between China and Taiwan is likely to have an effect on every country on the… |
