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On Monday, Samsung Electronics, the South Korean electronics manufacturer, held the official opening ceremony of the world's largest factory for the production of mobile phones in India. The plant can produce up to 120 million smartphones per year, including both budget models cheaper than $100 and the flagship smartphone Samsung S9. As noted by Bloomberg Intelligence, smartphones worth up to $250 are the most popular in India. According to IDC, the highest growth rates among the world's 20 major markets in 2017 were recorded in the Indian smartphone market. Last year, India took the second place in the world after China, ahead of the US, in terms of smartphone sales, which grew 14% year-on-year to 124 million units.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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