In another push to its India manufacturing dream, Apple maker Foxconn is all geared to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility in Tamil Nadu faster than ever, as the company doubles down on the ‘Make in India’ initiative.
Om Malik writes: Twitter, at its very core, is many things to many people: that is its beauty and that is its challenge. Twitter the idea and the product is ever evolving, and so is the company, which was and still is a work in progress. Twitter is unique because it was born in the crucible of failure and grew up in the glare of the spotlight. It took from its community, it learned from its community and sometimes it did shameful things.
Former Uber and Apple executive Vineet Khosla will be joining The Washington Post as Chief Technology Officer, starting July 31. In his new role, Indian American Khosla will serve as a senior advisor to the CEO and will lead The Post’s engineering team and innovation strategy, helping to drive the company’s overall vision for its technology goals.
Meta, which owns Facebook, Instagram and WhatsApp, is all set to launch an app on Thursday titled ‘Threads’, aimed at being an alternative to Twitter. According to Apple’s App Store preview in the US, the app is expected to launch on July 6, and will be available for download for users.
The S&P 500 rallied to end the day in a bull market, marking a 20 per cent surge since its most recent low, reached on October 12, 2022. That brings to end the bear market that began in January 2022. Buoyed by gains in big technology stocks, the broad-based index closed at 4,293.93 and crossed the threshold that separates a bear market from a bull market — that’s investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, CNN reported.
With Tata Electronics now hogging the limelight for iPhone manufacturing in India, industry experts on Monday said that with their ambition on semiconductors and EVs, it only makes sense for the Tata Group to gain expertise in manufacturing high-end iPhones in the country. Currently, iPhone 12 and iPhone SE (second generation) are being manufactured/assembled at Taiwan-based iPhone manufacturer Wistron’s Karnataka factory, which Tata Electronics is set to take over soon.
India’s communications, electronics and information technology minister Ashwini Vaishnaw, who is currently visiting Silicon Valley with his team, had a series of closed- door meetings with Stanford University professors to chip-making corporates Intel and Applied Materials as well as with IT-based industry leaders and venture capitalists.
Apple set a quarterly record in the January-March 2023 period in India and grew very strong, in double digits year-over-year, said Tim Cook, the company’s CEO who was in India last month to open the first branded retail stores in Mumbai and New Delhi.
Dhirendra Prasad, a former Apple employee who was charged with defrauding tech giant Apple and related tax crimes, has been sentenced to three years in prison and ordered to pay more than $19 million.
India led the global refurbished smartphone market with 19% (year-on-year) growth in 2022, as Apple captured 49% of the refurbished smartphone market, followed by Samsung at 26$, a report showed on Monday.
