Dixon Technologies

Samsung Electronics may have to forgo its sops for the inaugural year of India’s ambitious production-linked incentive (PLI) scheme for smartphone manufacturing due to what government officials said were ‘discrepancies in invoicing’. The Korean major said it is in “advanced” discussions with the government for redressal on the issue.In August 2021, the Korean electronics major had claimed a total of Rs 900 crore as incentives for achieving Rs 15,000 crore worth of additional sales in fiscal year 2021, over the year…

Xiaomi has become the first Chinese handset maker to partner with a local contract company for manufacturing and export of its mobile phones. The partnership with Dixon Technologies comes amid the government’s increased push to Chinese handset makers to broad base their supply chains. The tie-up comes few days after the Chinese consumer electronics company partnered with another domestic manufacturer — Optiemus Electronics — for making its bluetooth audio products. “We are committed to deepening and broadening our…

A year after IT companies saw employee costs soaring along with the great resignation wave, salary hikes for employees are expected to cool down as wages undergo a correction in FY24. This and more in today’s ETtech Morning Dispatch. Also in this letter:■ A big chunk of ONDC transactions comes from mobility■ Iron Pillar closes $129-million fund■ More wearable, hearable brands get India-made PCBsMajority of IT staff to receive less than 10% pay hike in FY24 IT employees will receive salary hikes in the range of 8-10% —…

Local value addition in wearables and hearables manufacturing is set to increase with India’s major smartwatch and headphones makers such as Dixon Technologies and Optiemus Electronics starting making printed circuit boards (PCBs) for their customers.The wearables segment has seen rapid growth, clocking 46.9% year-on-year growth in 2022 as shipments reached 100 million, as per IDC India.Dixon Technologies, which manufactures hearables for Imagine Marketing (Boat), the largest wearables brand in India, will introduce SMT…

Happy weekend. It has been a week of major turmoil for the technology industry with the sudden collapse of Silicon Valley Bank. But amid all the chaos of the last few days, the hype around generative AI continued.Last year in November, little known Artificial Intelligence research lab OpenAI based in San Francisco unveiled ChatGPT, taking the tech world by storm. Based on a large language model (LLM), the chatbot uses a simple text prompt for human-like responses. It can answer complex questions, write codes, songs and…

Shipments of smartphones made in India crossed over 48 million in the first quarter of 2021, according to a new report by market research firm Counterpoint Research. According to the report, shipments of devices made in the country grew by 7% year-on-year (YOY) during the quarter, while manufacturing of feature phones declined by 41% YOY. Prachir Singh, senior research analyst at Counterpoint Research, attributed the growth of phones made in India to an increasing…