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The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. Apple's plans to replace OLED with micro-LED in 2017 Apple Watch 3 and iPhones has raised concerns in Samsung as Apple's expected use of Samsung OLED screens for a new iPhone model this year may only be temporary. Teaming up the government-backed players would give Western Digital a big advantage as it would represent a government stamp of approval. As per a report published by CMR, Samsung, Intex, and Rising Star are the top OEMs in the country, leveraging the demand for low cost and high-end phones in the country.
Chinese technology major Xiaomi's founder Lei Jun on Monday said India was one of the important markets for the company and it aims to create 20,000 jobs in the next three years. Chinese smartphone-maker Xiaomi on Monday announced its second manufacturing unit in partnership with Taiwanese electronics major Foxconn in Andhra Pradesh. The main announcements include the global roll out of Nokia 6, Nokia 5, Nokia 3 and Nokia 3310. Nokia set to make a grand comeback, can the iconic smartphone brand retain its legacy in the cut-throat smartphone market. Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Along with Foxconn, the company is investing in a new US factory focused on producing 'larger display panels'.
A joint venture between Hon Hai Precision Industry Co, known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs). Tech giant Apple has asked Foxconn and Pegatron to look into this possibility, reports said. Hottest tech explored and explained This has led to the value of the company amounting to close to around 1.4 billion, with existing investors Tiger, Bharti and SoftBank also participating in this round. Xiaomi is planning to ramp up sourcing of its smart phones, increase service centre network, and add more products to its portfolio in India. Foxconn has reportedly bought two thirds of ailing Sharp, which could have major repercussions for the screen on your phone. At present, India is one of the largest markets for Xiaomi across the world.
Chinese manufacturer Xiaomi is supposedly looking to setup new production units in India with more devices expected to hit the markets. Xiaomi Redmi Note series in India comprises of the Redmi Note, the Redmi Note 4G and Redmi Note Prime. Sharp's board of directors have reportedly agreed to a 700 billion Yen takeover offer from Foxconn. Gionee is planning to apply for a single-brand license to setup exclusive stores in the country. Foxconn is planning to build a new campus
with intent to take production capacity to 2.5 million smartphones a month by
the end of 2016 In India, OnePlus had sold nearly 250,000 units of the OnePlus One by August this year. The Chinese handset manufacture has today announced its association with Foxconn and Dixon to begin India production. The phone becomes first Mi product to be made and sold in the country itself. Known as Apple of China, Xiaomi had entered the Indian market in 2014.