Dixon Technologies, a contract manufacturer of electronic goods, on Monday, said its wholly-owned subsidiary Padget Electronics has entered into an agreement with HMD India for manufacturing Nokia smartphones...
Electronics
Qualcomm eyes challenge to Apple, Intel with $1.4 billion deal for chip startup
Qualcomm Inc on Wednesday said it will acquire Nuvia Inc, a chip startup founded by Apple Inc veterans, for $1.4 billion, with plans to put the firm’s technology into its smartphone, laptop and automotive processors...
Warburg invests $100 mn in boAt
Headphones maker boAt has raised $100 million from private equity firm Warburg Pincus at a valuation of $300 million, a validation of the company’s emergence as a local hero in electronics manufacturing and its growth...
Reports of Microsoft acquiring Sony Corp turn out to be fake
The reports that stated tech giant Microsoft has acquired Sony Corp, including Sony’s gaming division Playstation in an astounding $130 billion deal turned out to be false. The report, initially published by Spanish...
Indonesia and LG Group sign $9.8 billion EV battery MOU
Indonesia and South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle battery investment deal, the head of Indonesia’s Investment Coordinating Board said on...
LG Electronics, Magna to set up $1 billion JV to make electric car gear
South Korea-based LG Electronics Inc said on Wednesday it has agreed to set up a $1 billion joint venture (JV) with automotive supplier Magna International Inc. The JV, tentatively called LG Magna e-Powertrain, will...
Vivo, ZEISS form global partnership for mobile imaging
Chinese handset maker Vivo on Thursday said it has formed a long-term strategic partnership with optical solutions firm Zeiss to jointly promote and develop innovations in mobile imaging technology. The first...
Hitachi to sell overseas home appliance biz to Turkey’s Arcelik – Nikkei
Japan’s Hitachi Ltd plans to sell a 60% stake in its overseas home appliance business to Turkish consumer electronics maker Arcelik AS for about $300 million, and jointly operate the business, the Nikkei newspaper said...
Austria’s AMS to put Osram’s Digital Systems up for sale -sources
Austrian sensor maker AMS is putting German lighting group Osram’s Digital Systems unit up for sale as it takes full control of the company, people close to the matter said. AMS bought Osram for 4.6 billion euros last...
Electronics design firm Syrma to merge with SGS Tekniks to create Rs 1,200-cr entity
Syrma Technology and SGS Tekniks on Wednesday announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation...
Huawei to sell phone unit for $15 billion to Shenzhen government, Digital China, others – sources
Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan ($15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with...
Micromax ties up with MediaTek for designing, development of “in” smartphones
Homegrown phone vendor Micromax on Wednesday said it has partnered with Taiwanese chipset maker MediaTek to design and develop smartphones for its new “in” brand. Earlier this month, Micromax announced its...
