‘Foxconn plant to stay shut for three more days’
The Hindu
Protests sparked week-long closure
Apple supplier Foxconn’s plant near Chennai will stay shut for three more days, a senior government official said, extending a week-long closure following workers’ protests sparked by a food-poisoning incident.
The plant is expected to start production with 1,000 workers on December 30, according to the person close to the matter who was not authorised to speak with media and declined to be identified.
A separate government source had said last week that the plant was closed on December 18 and was expected to remain shut until December 26. The gates of the factory, which is on the outskirts of Chennai, were open on Monday morning and some vehicles were moving in and out but the area was mostly deserted.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










