ElectronicsManufacturing

Heavy Losses Force US-Sanctioned Wingtech to Divest Assets

8 days ago

In a significant development that showcases the ongoing economic pressures faced by firms under US sanctions, Wingtech, a major player in the electronics manufacturing sector, has announced its decision to divest assets following substantial financial losses. The company, which has been notably affected by sanctions imposed due to its connections with entities designated as national security threats, is now at a crossroads, forced to reassess its business strategies and financial viability.

India Takes Bold Step to Boost Electronics Manufacturing by Reducing Import Taxes

2 months ago

In a significant move aimed at bolstering its domestic electronics production, the Indian government has announced a reduction in import taxes on a range of electronic components. This decision marks a strategic effort to enhance local manufacturing capabilities and make India an attractive hub for electronics production amidst increasing global competition.

iPhone Maker Hon Hai Sustains Impressive Revenue Rebound

6 months ago

In a stunning turn of events, Hon Hai Precision Industry Co., the world's largest electronics contract manufacturer and a key supplier for Apple Inc., has reported a significant rebound in its quarterly revenue. This announcement marks a vital chapter in the company's fiscal journey as it continues to navigate the post-pandemic economic landscape and fluctuating market conditions.