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Apple manufacturer Foxconn to set up new Rs 8,000 crore plant in India, to hire 50,000 employees

The Karnataka government on Monday approved 18 projects with a total investment of over Rs 75,000 crore, including a proposal by tech giant Apple's contract manufacturer Foxconn for Rs 8,000 crore. Among the 18 projects that were approved by the State High-Level Clearance Committee under the chairmanship of Chief Minister Basavaraj Bommai, 10 are new, five are expansion projects, and three are additional projects with all the investment proposals expected to provide employment opportunities for 77,606…

Metallica Buys Vinyl Manufacturer Furnace Record Pressing

Leer en español.Metallica has bought a majority stake in Furnace Record Pressing, one of the biggest and most important vinyl records companies in the U.S. If anyone had any doubts about the growth of the vinyl sales, which last year outpaced CD sales for the first time since 1987, Metallica’s new purchase just gave them a very loud reminder that what’s old is new again. Vinyl records are experiencing a renaissance among music lovers. Although Metallica hasn’t released a new album since Hardwired…To Self-Destruct in 2016,…

Apple iPhone SE 4 to feature OLED panel from Chinese display manufacturer BOE

Apple iPhone SE 4 will likely use OLED panels from Chinese display manufacturer BOE, a report by MacRumor suggests. According to known Apple analyst Ming-Chi Kuo, Apple has restarted development of the iPhone SE 4 smartphone, which will feature a 6.1-inch OLED display. In a series of latest tweets, Kuo products that Apple iPhone SE will be quite similar to the standard Apple iPhone 14 that comes with a 6.1-inch OLED display with thinner bezels. For context, the current-gen Apple iPhone SE features a 4.7-inch…

Apple’s Chinese contract manufacturer to develop AR device – Nikkei

Apple's Chinese contract manufacturer Luxshare Precision Industry Co Ltd will help develop the iPhone maker's long-awaited augmented reality (AR) device, Nikkei Asia reported on Thursday. Luxshare has taken over the AR development team in Shanghai, previously owned by Taiwan's Pegatron that first helped Apple develop the device, the report said, citing people familiar with the matter. Taiwan-based Foxconn is also helping with the project, Nikkei said, and Apple has tapped two of its most important suppliers, Taiwan

Tesla price cuts spur dealer discounts and manufacturer incentives on other EVs

When one carmaker controls over 60% of the EV market, any price changes can reverberate through the industry. In this case, Tesla’s steep price cuts combined with gaining access to federal tax credits have sent shockwaves through the industry. Let’s take a look at the first price drops from legacy automakers… According to KBB, the average transaction price of a new electric vehicle sold in January was $58,725. That’s a 5.4% drop since December, sparked by Telsa’s massive price cuts. Most notably,…

Vitesco Technologies joins Polestar 0 project to develop CO2-free power electronics, Auto News, ET Auto

Vitesco Technologies with its know-how will be able to make a major contribution to this ambitious goal for moving the industry toward complete carbon-neutrality. New Delhi : Vitesco Technologies, a leading international supplier of modern powertrain technologies and electric mobility solutions, has joined the Polestar 0 project, an auto industry initiative to create the world’s first completely climate neutral vehicle.As an expert in its field, Vitesco Technologies has been selected as a collaboration partner to develop…

Israeli startup displays tiny EV with width adjusting technology; to be priced at USD 16K, Auto News, ET Auto

The CT-2 width can be adjusted in accordance with the two modes of City and Performance, according to the company website.An Israeli startup City Transformer has displayed its CT-2 tiny urban electric vehicle (EV). The compactness of the car makes it very convenient for parking even in crowded areas. City Transformer says that four CT-2s can be parked in the same space as a modern conventional four-wheeler would occupy. The 1-meter wide CT-2 would easily fit into most of the byways and alleyways, the company said.The…

Microsoft strikes ‘strategic alliance’ with solar manufacturer

Microsoft just forged a strategic alliance with a major solar panel manufacturer to try to make good on its clean energy goals. The deal comes as supply chain woes and allegations of labor abuse are making it increasingly difficult to deploy solar energy across the US. The plan is for solar energy heavyweight Qcells to provide more than 2.5 gigawatts of solar panels and related services to developers working with Microsoft. That’s enough to power some 400,000 homes, according to Microsoft, which hailed the collaboration…

India or Vietnam may soon become biggest Apple iPhone manufacturer

China, which is still the key Apple supplier, may lose its tag as leading iPhone manufacturer as Apple looks at India and Vietnam to bolster its supply chain, the media reported on Saturday. Largest Apple supplier Foxconn has "quietly finalised plans" to relocate some of its Apple iPad and MacBook production to Vietnam, reports The South China Morning Post. Apple has reportedly cut back on orders citing weakening demand in potential blow to its Chinese suppliers amid Covid disruptions. …

Turning tables: the UK’s new vinyl manufacturer riding the music revival | Vinyl

It only received its first pressing machines on Christmas Eve last year, but Press On Vinyl is well on its way to becoming the biggest manufacturer of vinyl records in the UK, already churning out about 3,000 a day and hoping to double that next year.The popularity of vinyl has soared in recent years – 2022 is expected to be yet another year with the highest sales since the early 1990s – and manufacturers have been unable to cope with demand. Taylor Swift’s Midnights has sold 80,000 copies on vinyl, more than any other…