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US’ Corning to build Rs 1,000-crore gorilla glass facility in Tamil Nadu
Economic Times
·
1y ago
Medial
Corning Inc., the key supplier of gorilla glass to Apple, is planning to invest Rs 1,000 crore in setting up a manufacturing facility in Tamil Nadu, India. The facility will be located in Pillaipakkam and employ around 300 people. This move marks the expansion of Apple's ecosystem and the growing presence of electronic component manufacturers in India. Corning has chosen Tamil Nadu over Telangana due to the state's electronics ecosystem and proximity to other Apple suppliers. The facility is expected to be operational within a year.
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Corning, Optiemus break ground on India's first Gorilla cover-glass manufacturing facility in Tamil Nadu
YourStory
·
1y ago
Medial
Glass manufacturer, Corning Incorporated, and telecom company, Optiemus Infracom Ltd, have broken ground on a new facility in Tamil Nadu, India. Called Bharat Innovative Glass Technologies (BIG Tech), the facility will produce finished cover-glass parts for mobile consumer electronics. The aim is to strengthen local supply chains and create employment opportunities. The facility will manufacture Gorilla Glass, a durable, scratch-resistant cover material used in smartphones, tablets, and other electronic devices. The project has received support and praise from Tamil Nadu's Chief Minister, MK Stalin, who sees it as a boost for the state's economy and position as a hub for innovation.
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A look inside Corning’s plans for Tamil Nadu facility
Economic Times
·
1y ago
Medial
Corning Inc., the maker of Gorilla Glass, plans to establish a manufacturing unit in India for cover glass finishing to be closer to its customers' supply chains. David Velasquez, VP and GM of Corning Gorilla Glass, stated that the company's mobile phone customers have a considerable presence in India, making it a strategic move to co-locate production there. This expansion aligns with Corning's strategy of being close to its customers and leveraging local expertise.
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Tamil Nadu cabinet approves Foxconn's Rs 13,180-crore display module assembly unit
Economic Times
·
10m ago
Medial
- Tamil Nadu cabinet approves Rs 13,180 crore investment by Yuzhan Technology (India), a unit of Foxconn, generating 14,000 jobs. - Foxconn considering Rs 1,000 crore investment to set up smartphone display module assembly unit in Tamil Nadu for Apple. - Foxconn acquires 500,000 square feet facility near Chennai for manufacturing smartphone modules, encouraging other contract manufacturers to use its components. - Foxconn's investment is the largest among 14 projects approved by the Tamil Nadu Cabinet, with a cumulative investment of Rs 38,698.80 crore. - Tata Motors to invest Rs 9,000 crore in manufacturing Jaguar Land Rover vehicles in Ranipet. - Other investments approved include Leap Green Energy Pvt Ltd (Rs 10,375 crore), Freetrend Industrial India (Rs 1,000 crore), Kaynes Circuits India (Rs 1,395 crore), Ascent Circuits (Rs 613.6 crore), and Lucas TVS (Rs 510 crore).
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Apple supplier Rayprus eyeing Bengaluru facility
Economic Times
·
1y ago
Medial
Rayprus Technologies, a supplier for Apple, is planning to set up a manufacturing facility in India. The Foxconn subsidiary, known for producing precision camera and lens solutions, is in talks with Foxconn to establish the facility within the new Foxconn campus in Bengaluru. This move follows Corning's announcement of setting up a manufacturing unit in Tamil Nadu for gorilla glass production, indicating that more pieces of Apple's India story are falling into place. The addition of leading component players in the Indian supply chain strengthens Apple's diversification strategy.
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Corning faces antitrust actions for its Gorilla Glass dominance
Arstechnica
·
9m ago
Medial
The European Commission has launched an antitrust investigation into glass-maker Corning, alleging that its Gorilla Glass has maintained a dominant position in the mobile phone screen market through restrictive deals and licensing. The investigation focuses on Corning's alleged demands for exclusive sourcing of its glass and its requirement for device makers to report competitive offers. The EC suggests that such agreements may have limited competition, raised prices, and hindered innovation. Corning's Gorilla Glass is widely used in mobile devices and is known for its strength and durability.
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Apple supplier Jabil to set up manufacturing facility in Trichy for Rs 2,000 crore
Economic Times
·
11m ago
Medial
Apple supplier Jabil plans to establish a manufacturing facility in Trichy with an investment of Rs. 2000 crore, according to Tamil Nadu CM MK Stalin. This move is expected to create around 5000 jobs and develop a new cluster for electronics manufacturing. Jabil's decision to expand in Tamil Nadu aligns with Apple's focus on increasing its presence in India. Additionally, the state has attracted other major Apple suppliers such as Foxconn, Pegatron, Tata Electronics, and Corning. Alongside Jabil's investment, two other investments were secured for the state, including an expansion by Rockwell Automation and a collaboration with Autodesk to boost skills and support MSMEs and startups.
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TN’s Electronic Manufacturing Push: Apple Supplier Jabil Mulls INR 2,000 Cr Plant In Trichy
Inc42
·
11m ago
Medial
Jabil, a supplier to companies like Cisco and HP, is set to establish a new facility in Trichy, Tamil Nadu. This move is expected to create 5,000 jobs and boost electronics manufacturing in the region. With Jabil's entry, Tamil Nadu becomes home to several major Apple suppliers, including Foxconn, Pegatron, Tata Electronics, and Corning. This investment by Jabil is seen as one of the first significant investments in Trichy and will contribute to the growth of the local economy.
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Two electronics clusters worth Rs 1,112 crore to be set up in Tamil Nadu: Union minister Ashwini Vaishnaw
Economic Times
·
4m ago
Medial
Union Minister Ashwini Vaishnaw announced the establishment of two electronics manufacturing clusters worth Rs 1,112 crore in Tamil Nadu. Inaugurating Zetwerk Electronics' facility in Sriperumbudur, he highlighted the growth of the electronics sector, now India's second-largest export industry. The Zetwerk plant is part of a Rs 1,000 crore investment, expected to employ 1,500 people. The new clusters in Kancheepuram and Thiruvallur aim to bolster the state's electronics manufacturing capacity.
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EV maker River Mobility to build ₹1000 crore facility
Internet
·
1y ago
Medial
River Mobility, a Bengaluru-based EV startup, plans to invest ₹1,000 crore in a new 25-50 acre facility, producing 5 lakh vehicles annually. They're in talks with Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana. CEO Aravind Mani stated that their $68 million funding from Yamaha and Toyota will help fund it.
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More than 43,000 people working in iPhone manufacturing in Tamil Nadu: MoS IT Jitin Prasada
Economic Times
·
1y ago
Medial
According to the minister of state for electronics and information technology, Jitin Prasada, more than 43,000 people are involved in manufacturing Apple's iPhones in Tamil Nadu. The government has set up 24 electronics manufacturing clusters and four common facility centres across 19 states, receiving 33 applications from applicants seeking to establish manufacturing units. The total production carried out by companies in Tamil Nadu is Rs 1,38,452 crore, with exports amounting to Rs 57,720 crore for products approved under the IT ministry's modified special incentive package scheme.
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