Articles for tag: Disrupted, Electronics, Evacuated, Facility, Fire, Hosur, Massive, Operations, Safely, Tata, Workers

Market News

A massive fire at a Tata Electronics facility in Hosur disrupted operations, but all 1,500 workers were safely evacuated.

A massive fire at a Tata Electronics facility in Hosur disrupted operations, but all 1,500 workers were safely evacuated.

A massive fire broke out at the Tata Electronics facility in Hosur, Tamil Nadu, on Saturday, impacting around 1,500 workers present during the morning shift. Fortunately, there were no reported casualties, but some employees experienced respiratory issues and were treated in stable condition. The fire, which started in a chemical storage area, may have been ...

Market News

A fire at Tata Electronics in Tamil Nadu endangered over 1,500 workers, as production for Apple’s iPhone was set to begin.

A fire at Tata Electronics in Tamil Nadu endangered over 1,500 workers, as production for Apple’s iPhone was set to begin.

A fire broke out at Tata Electronics’ manufacturing facility near Hosur, Tamil Nadu, which supplies components to Apple. The incident occurred on Saturday morning while over 1,500 workers were present. Fortunately, all employees are reported safe after the emergency protocols were activated. The fire reportedly started in the mobile phone accessories painting unit, leading to ...

Market News

Tata Electronics partners with Taiwan’s PSMC to launch India’s first semiconductor Fab, transforming the nation’s tech landscape and job market.

Tata Electronics partners with Taiwan’s PSMC to launch India’s first semiconductor Fab, transforming the nation’s tech landscape and job market.

Tata Electronics, a subsidiary of Tata Sons, has announced a significant partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) to establish India’s first semiconductor facility in Dholera, Gujarat. This venture will involve a massive investment of up to Rs 91,000 crore and aims to generate over 20,000 direct and indirect jobs. The facility is set ...

Market News

India’s electronics exports soar 21.8%, fueled by Apple and vendors, driving hopes for a 0 billion future by 2030.

India’s electronics exports soar 21.8%, fueled by Apple and vendors, driving hopes for a $200 billion future by 2030.

Electronics exports from India surged by 21.8 percent from April to August 2024, reaching $13.57 billion, primarily driven by mobile devices. Mobile device exports alone accounted for $7.56 billion, making up over half of total electronics exports. Key players in this growth include Apple Inc. and its Indian vendors—Foxconn, Tata, and Pegatron—who contributed 67 percent ...

Market News

Tata Electronics expands India’s semiconductor manufacturing with new fabs, aiming for a pivotal role in the global chip market.

Tata Electronics expands India’s semiconductor manufacturing with new fabs, aiming for a pivotal role in the global chip market.

Tata Electronics is expanding its semiconductor manufacturing capabilities in India by building two new fabrication plants in Dholera, Gujarat. This move aims to strengthen the domestic chip ecosystem and meet the increasing global demand for semiconductors. The first fab is under construction and set to start production in 2026, focusing on essential chips for various ...

Market News

LG Electronics plans a .5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.

LG Electronics plans a $1.5 billion IPO for its Indian unit, aiming to boost revenue and capitalize on India’s growth potential.

LG Electronics is planning a potential initial public offering (IPO) for its Indian business, aiming to raise between $1 billion and $1.5 billion. This move could value LG Electronics India Pvt Ltd at around $13 billion. The company has selected major banks like Bank of America, Citigroup, JPMorgan Chase, and Morgan Stanley to manage the ...

Market News

India aims to become a semiconductor powerhouse, targeting 0 billion in electronics by 2030, creating 6 million jobs.

India aims to become a semiconductor powerhouse, targeting $500 billion in electronics by 2030, creating 6 million jobs.

Prime Minister Narendra Modi highlighted India’s growing potential in the semiconductor industry during the Semicon India event in Greater Noida. He announced ambitious plans to expand the country’s electronics sector from its current value of over $150 billion to $500 billion by the end of the decade, which could create around 6 million jobs for ...

Market News

Tata Electronics partners with ASMPT to revolutionize India’s semiconductor landscape, boosting innovation, training, and sustainability in Assam and Karnataka.

Tata Electronics partners with ASMPT to revolutionize India’s semiconductor landscape, boosting innovation, training, and sustainability in Assam and Karnataka.

Tata Electronics has partnered with ASMPT Singapore to enhance semiconductor assembly and packaging in India, focusing on facilities in Assam and Karnataka. This collaboration includes workforce training, improving service engineering, and advancing research in semiconductor technologies. Tata Electronics is investing Rs 27,000 crore in a chip assembly plant in Assam, set to begin operations next ...

Market News

Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.

Tamil Nadu’s electronics boom intensifies with Jabil’s Rs 2,000 crore investment, creating 5,000 jobs amid soaring iPhone exports.

Tamil Nadu is becoming a major hub for electronics manufacturing, driven by a significant investment from Jabil Inc., which plans to establish a new facility in Tiruchirapalli. This investment of Rs 2,000 crore will create approximately 5,000 jobs, marking Jabil as the fourth Apple supplier in the state, alongside Foxconn, Pegatron, and Tata Electronics. Recently, ...

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