Intel Corp is negotiating a deal with GlobalFoundries for an estimated value of $30 bn. The deal does not involve GlobalFoundries directly as it was not in direct discussion with Intel. Earlier this year Intel announced expanding its advanced chip manufacturing business by spending $20bn in US factories. Intel is also looking to start making chips for carmakers who have struggled during the pandemic due to a shortage of chips.
India is working on an incentive-linked investment scheme for setting up hyperscale data centers and boost the capacity of the existing data center ecosystem. Ministry Electronics and Information Technology is also planning to incentivise the manufacturing ecosystem of drones and robotics. Ajay Prakash, Secretary – MeitY said that despite the second wave of COVID-19, the govt maintains an optimistic outlook for the electronics manufacturing sector.
Intel’s new CEO Pat Gelsinger will spend $20 bn on two new plants to break into the foundry business. The firm plans more factories across the USA. The aggressive plan will put Intel into direct competition with the world’s most-advanced chipmaker Taiwan Semiconductor Manufacturing Co. Intel, for decades dominated the $400 bn industry, But today, Intel’s factories trail TSMC and Samsung, which make chips for Intel competitors — AMD, Amazon and Apple.
Advanced Micro Devices beat quarterly revenue estimates and forecast strong 2021 sales on rising in demand of chips used in PCs, data centres and gaming consoles from firms and individual adapting to WFH. AMD projected Q1 revenue to be about $3.2 bn, plus or minus $100 mn, compared to analysts’ average estimate of $2.74 bn, according to Refinitiv. AMD forecast 2021 sales of $13.37 bn, is also above analysts’ estimates of $12.28 bn.
The govt will announce Production Linked Incentive scheme for manufacturing of wearables, drones, VR/ AR and IoT products in India this year. At present, there is a demand for 2-3 bn IoT devices, which is expected to increase to 5 bn over the next two-three years. It is the government’s new initiative to boost manufacturing after the Rs 50,000-cr package to attract smartphone and component manufacturing firms to set up base here.
Lenovo expects to grow by 25-30 % in the current FY following rising demand from the education sector and large enterprises. However, the growth may decline in the next FY, said Lenovo India CEO and MD Rahul Agarwal. He said that Lenovo is also planning to start manufacturing tablets in India and expand laptop manufacturing by about 10X. Agarwal said B2B demand was still muted and it may grow by 4-5 % for a full year.
TCS iON has opened registration for the National Qualifier Test (NQT) for fresher recruitment. TCS NQT is a great opportunity for students from any background to join the company. Apart from this, the test will be suitable for candidates looking for job opportunities across leading organizations in IT, BFSI, manufacturing, pharma, and FMCG sectors. The first test will be held on 24th, 25th, 26th October 2020. The scorecard will be valid for two years.
AVEVA has launched AI-based AVEVA Insight OMI app that uses real-time AI to improve operator’s decision making, industrial operations. It can be installed in control room or on the plant floor; detects anomalies in real-time, generates an early warning to prevent critical business losses. Its simple management interface enables different teams to quickly train AI engine as per enterprise’s needs. Response feature for AI-driven notifications maintains relevance.
Canon India has launched ‘Therefore Online’ – a cloud-based information management solution. It can capture, secure, manage, access, analyse, automate information on the web. It can be customised, configured to be used in departments like HR, manufacturing, customer service etc. It can import electronic information through manual, automatic importing options. For paper docs, it can automatically classify, extract data using its advanced scanning solutions.