Latest news with #BillofMaterials
Time of India
13 hours ago
- Business
- Time of India
Foxconn looks to set up new Tamil Nadu unit to make iPhone enclosures
Taiwan's Foxconn is eyeing manufacturing iPhone enclosures in India and is looking at setting up a new unit within the ESR Industrial Park at Oragadam in Tamil Nadu for this purpose, people aware of the developments told ET. This would mark the Taiwanese contract manufacturer's foray into making enclosures in India, something that only Tata Electronics has been doing so far locally. Until now, Foxconn has focused on iPhone assemblies in India, harnessing its Sriperumbudur facility. ETtech by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo However, the company is rapidly expanding the scope of work through its upcoming plant in Devanahalli, near Bengaluru. In addition to iPhone assembly, Foxconn also has a new unit in Hyderabad that is assembling AirPods. "Foxconn plans to start making enclosures in Tamil Nadu as they deepen their footprint in the country," one person cited above said. "Construction has begun for their enclosures unit at the industrial park. This will be a separate unit close to their upcoming display module assembly plant which is in advanced stages in the same industrial park." Live Events ETtech Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Analysts said Foxconn's entry into this space shows that Apple is looking to diversify its suppliers in India, much like in China where it has multiple vendors for different components. "This aligns well with Apple's broader strategy to derisk and diversify its supply chain," said Prabhu Ram, vice president, industry research group, CyberMedia Research. "As India emerges as a lynchpin in Apple's growth momentum — with early signs of an end-to-end manufacturing ecosystem taking shape — it is a natural progression for Foxconn to expand its capabilities and geographic presence by manufacturing enclosures." Queries sent to Foxconn and Apple remained unanswered as of press time Thursday. Sourcing depth Neil Shah, vice president, Counterpoint Research, also said Apple globally sources enclosures from multiple players and Foxconn is one of them. Hence, it was natural for Foxconn to diversify the production in India, Shah said. "This gives Apple more leverage and also provides Foxconn with ease of integration and boosts value addition," he said. "This improves supply chain effectiveness for Foxconn as well as Apple." He added that it was difficult to quantify value addition individually but for Apple specifically, Foxconn's value addition would be under 10%. Further, he said enclosures constitute a small percentage of Apple's Bill of Materials (BoM), roughly about 2–3%. So Foxconn's foray into enclosures will not significantly add to their value addition in percentage terms. It is, however, a significant move as Apple gradually increases its manufacturing presence in India. ET was the first to report on September 25 last year that Foxconn was looking to set up an assembly unit for smartphone display modules in Tamil Nadu, making it the first such facility catering to Apple. Later, on October 8, the Tamil Nadu cabinet cleared a Rs 13,180 crore investment by Yuzhan Technology (India), which is a unit of Foxconn. Sources had said at the time that Foxconn had picked up about 500,000 square feet at a plug and play facility at the ESR Oragadam Industrial & Logistics Park, which is right next to their smartphone assembly unit near Chennai. They added that the maker of the iconic iPhone is leaning in for a model wherein even other contract manufacturers — Pegatron or Tata Electronics, for instance — can use components from this unit rather than import modules that are assembled in China. On May 19, Foxconn said it was investing an additional $1.5 billion (about Rs 12,800 crore) in this unit via a London Stock Exchange filing. All of this expansion news comes on the back of Apple CEO Tim Cook's recent statements that India will become the primary manufacturing hub for iPhones sold in the US. "For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's Q1 earnings call on May 1. Tariff tribulations US President Donald Trump, however, has not taken kindly to Apple expanding its presence in the country and even threatened to have the company pay a 25% tariff if phones sold in the US were not made in the US on May 23. This tariff threat came a week after he said he had told Apple CEO Tim Cook not to build in India. "I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a tariff of at least 25% must be paid by Apple to the US,' Trump wrote in a post on Truth Social. Foxconn plans for expansion, however, continue. The company has a huge factory coming up in Bengaluru and has a new unit in Hyderabad that is targeting AirPods — showing that the company is broadening its portfolio and venturing into other areas of production in India. ET had reported on March 30 that Foxconn is targeting producing 25-30 million iPhones out of their India facilities, which is more than double their production number from last year, as per sources.
Yahoo
17-03-2025
- Automotive
- Yahoo
Microchip Introduces Electric Two-Wheeler Ecosystem to Accelerate E-Mobility Innovation
Scalable and flexible solutions to design diverse models of e-scooters and e-bikes CHANDLER, Ariz., March 17, 2025 (GLOBE NEWSWIRE) -- The electric two-wheeler market is transforming the transportation industry as consumers embrace e-scooters and e-bikes for both recreational use and daily commuting. Microchip Technology (Nasdaq: MCHP) today announces the launch of its Electric Two-Wheeler (E2W) ecosystem, a comprehensive suite of pre-validated reference designs that addresses key challenges in e-scooter and e-bike development, including power efficiency, system integration, safety and time-to-market. By offering automotive-grade, scalable solutions, Microchip enables manufacturers to streamline development and build reliable, feature-rich electric two-wheelers. Microchip's automotive-grade components and modular reference designs provide a flexible, scalable platform that adapts to various power levels and feature requirements. Backed by comprehensive design files, schematics, Bill of Materials (BOM), and global technical support, developers can quickly bring next-generation e-scooters and e-bikes to market with optimized power, safety and intelligence. 'Manufacturers often struggle with optimizing power efficiency, ensuring seamless system integration and meeting evolving safety standards,' said Joe Thomsen, corporate vice president of Microchip's dsPIC business unit. "Microchip's Electric Two-Wheeler Ecosystem directly addresses these design challenges with pre-validated, high-performance solutions that help accelerate product development and enhance vehicle reliability." Key Solutions of Microchip's E2W Ecosystem Optimized Power and Battery Efficiency Advanced Battery Management System (BMS) with intelligent power conversion and sensing maximizes energy utilization to extend battery life and vehicle range, as well as increases safety. 48V to 12V Power Conversion Reference Design ensures high-efficiency power distribution, improving overall system reliability. Fast and Flexible Charging Solutions 7.4 kW Single-Phase AC EV Charger Reference Design offers reliable home charging with built-in protection features. USB-PD Dual Charging Port is designed to provide fast, flexible charging for mobile devices to enhance user convenience. High-Performance Traction Motor Control 350W to 10 kW traction motor control reference designs deliver smooth acceleration, improved energy efficiency and precise control. Pre-integrated firmware and modular design simplify system development and reduces time-to-market. Seamless System Integration and Smart Vehicle Control Vehicle Control Unit (VCU), Remote Keyless Entry (RKE), Hands-On/Off Detection and Acoustic Vehicle Alerting System (AVAS) work together to enhance the security and safety of the electric two-wheeler. Integrated telematics and asset tracking provide real-time monitoring, theft prevention and fleet management capabilities. Intelligent Touch Display and Connected User Experience 720x720 round LCD Instrument Cluster using Microchip's SAM9X75 MPU with MIPI® DSI, dual GbE and NAND Flash offers real-time data visualization and smart connectivity. maXTouch® ATMXT640UD and ATMXT641TD touchscreen controllers offers accurate touch performance in extreme weather and rain with thick gloves. Cloud-enabled remote diagnostics and performance tracking enhance the rider experience and optimize fleet operations. Microchip's Electric Two-Wheeler Ecosystem delivers pre-validated, high-performance solutions that help manufacturers reduce development time, optimize power efficiency and enhance safety in e-scooters and e-bikes. To learn more, visit Microchip's Electric Two-Wheeler web page. Resources High-res images available through Flickr or editorial contact (feel free to publish): Application image: About Microchip Technology:Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company's solutions serve over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. maXTouch is a registered trademark of Microchip Technology Incorporated in the U.S.A. All other trademarks mentioned herein are the property of their respective companies. Editorial Contact: Reader Inquiries: Kim Dutton 1-888-624-7435 480-792-4386 Sign in to access your portfolio
Yahoo
24-02-2025
- Automotive
- Yahoo
Analysts Lower Rivian Price Target Following Impressive Q4 Performance
Feb 24 - The Rivian Automotive Inc (RIVN, Financial) price target was cut by Guggenheim Securities on Monday. The firm changed its pricing outlook for electric vehicle manufacturer Rivian by decreasing the price target from $18 to $16 yet continuing with a "Buy" rating. Warning! GuruFocus has detected 4 Warning Signs with RIVN. Rivian's fourth-quarter results revealed successful gross profit achievement alongside surpassing Wall Street's outlook following this announcement. Analysts observed that the fourth-quarter gross profit satisfied all payment conditions and demonstrated strong operational achievements. During the last twelve months, Rivian achieved a 12.09% growth in revenue, which totalled $4.97 billion amid dominant industry challenges. According to Guggenheim, the cost analysis of the Bill of Materials had optimistic implications for the favourable equipment costs of the upcoming R2 model. The R2 project demonstrates promising potential to reduce its per-unit non-BOM costs below the R1 levels because this will enhance future profitability. Market participants should follow developing performance indicators within the competitive electric vehicle market space. This article first appeared on GuruFocus.
