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In times of tariff war, India to play key role in US supply chain
Economic Times
·
3m ago
Medial
India is poised to become a crucial source for American electronics and consumer-tech amid a shift in global supply chains away from China. Opportunities for India are emerging in outsourced semiconductor assembly, testing, and fab activity, with US companies like Analog Devices showing interest. The country is seen as a strategic partner due to its market size, focus on semiconductor manufacturing, and stable international relations. However, challenges remain, requiring policy consistency and investment.
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Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan
Economic Times
·
4m ago
Medial
Indian electronics and IT manufacturers are not overly concerned about recent US tariff hikes, though future implications depend on developments. The US imposed an additional 26% tariff on Indian goods, but tariffs are higher for competitors like Vietnam and China. Indian manufacturers maintain a competitive edge due to a focus on scale, quality, and 'Make in India' incentives. The situation is seen as an opportunity to enhance India's role in the global supply chain.
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Days of building China factories, hiring workers in India are over: US President Donald Trump - The Economic Times
Economic Times
·
14d ago
Medial
US President Donald Trump criticized American companies for outsourcing jobs to India and manufacturing in China, emphasizing an "America-first" approach. This aligns with the recent US AI Action Plan aimed at maintaining technological dominance and implementing export controls. While the plan suggests India could become a key US partner, there are concerns about global supply chain disruptions. The emphasis on domestic production challenges India's role, urging it to boost its own capacities and navigate strategic international alignments cautiously.
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US, Mexico to partner on semiconductor supply chain development
Economic Times
·
1y ago
Medial
The US and Mexico are joining forces to explore opportunities in the semiconductor supply chain, in an effort to reduce dependence on China and Taiwan. This partnership is in line with the US CHIPS Act, a 2022 law that has allocated $500 million to develop the semiconductor supply chain through collaborations with allies. The initial step will involve assessing Mexico's semiconductor industry, regulations, and workforce requirements. The strength and resilience of the semiconductor supply chain play a crucial role in the manufacturing of essential products like vehicles and medical devices.
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Trump targets semiconductors as tariff relief for tech firms nears end
Economic Times
·
3m ago
Medial
US President Trump plans to impose new tariffs on semiconductors, addressing perceived unfair trade practices, particularly by China. This follows temporary tariff exemptions for key tech items like smartphones and laptops to mitigate inflation and supply chain issues. Major firms like Apple benefited but remain reliant on Chinese manufacturing. The White House emphasizes reducing dependence on China, prompting companies to consider shifting production elsewhere, including India. New tariffs could lead to significant price increases for US consumers.
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L&T Precision Engineering eyes supply chain role for the next US space station: VP Vikas Khita | Mint
Livemint
·
10m ago
Medial
- L&T Precision Engineering and Systems, a subsidiary of Larson and Toubro Ltd., is looking to play a supply chain role in the next US space station. - The company's Vice President, Vikas Khita, anticipates Indian firms will have a role in the supply chain for the next space station. - L&T is also interested in building space ports, space parks, and manufacturing clusters as the Indian government opens up the space industry to private players in 2020. - L&T has been involved in the production of hardware for every ISRO project, including Chandrayaan, Gaganyaan, and Mars Orbiter missions. - L&T was previously in discussions with Blue Origin for the supply of orbital launch capabilities and space habitat solutions. - India aims to capture nearly 8% of the global space market by 2033, which is estimated to be worth nearly $1.8 trillion by 2035.
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Apple girds for more trade war pain, trims buyback
Economic Times
·
3m ago
Medial
Apple has reduced its share buyback program by $10 billion due to potential $900 million tariff-related costs amid the ongoing trade war, according to CEO Tim Cook. The company is adjusting its supply chain, increasingly sourcing products from India and Vietnam, while expanding its U.S. operations with significant capital expenditure. Despite these challenges, Apple reported better-than-expected quarterly revenue and profit. However, it forecasts a potential hit to gross margins in the coming quarter.
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Apple earnings under pressure from tariffs, slow AI roll-out - The Economic Times
Economic Times
·
9d ago
Medial
Apple is facing challenges including U.S. tariffs, competition in China, and an AI market it has entered late. Despite expectations of a 4.2% revenue growth, investors are focused on how Apple will navigate potential liabilities in its global supply chain. To mitigate tariff impacts, Apple shifted iPhone production to India, boosting local smartphone production by 240%. Analysts expect Apple’s strategy to reduce tariffs' impact, while its cautious AI approach raises concerns amid rapid industry advancements.
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Viable to export out of India; clarity on global trade issues to decide future investments here: Cisco - The Economic Times
Economic Times
·
1m ago
Medial
Cisco views India as a promising hub for exports and growth, potentially unmatched globally over the next decade. However, the company seeks clarity on global trade policies before further investments. Cisco's manufacturing operations in India began 18 months ago and are expanding. Current geopolitical uncertainties and tariff concerns impact its supply chain strategies. Despite challenges, Cisco values India’s engineering talent and diversity initiatives, considering it central to their global strategy.
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Apple’s Tim Cook joins CEO summit with China premier as economy sags
Economic Times
·
8m ago
Medial
Apple CEO Tim Cook joined other corporate leaders in discussions with China's premier to address potential trade disruptions and economic uncertainty. The meeting, attended by executives from global firms including Rio Tinto, Corning, and Lenovo, focused on supply chain and trade issues. This is the first high-level meeting between foreign corporations and a senior Beijing official since the US election. Cook highlighted the importance of the Chinese supply chain, particularly for Apple, which manufactures most of its iPhones in China. The meeting comes as companies worldwide prepare for potential tariff hikes on Chinese goods by the new US administration.
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Tariff turmoil: How Tesla and other companies are dealing with the uncertainty of the trade war
Economic Times
·
3m ago
Medial
The ongoing trade war and tariff uncertainty are challenging companies' financial forecasts and operations. With tariffs on hold pending negotiations and the potential for both costs and sales being uncertain, businesses are finding it difficult to make accurate assessments. Tesla faces duties on imported materials crucial for its energy business, while firms like Akzo Nobel and Boeing see potential demand and supply chain impacts. Companies, including AT&T, are strategizing to manage anticipated cost increases.
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