The US chip giant still retains a Trump-era licence to sell advanced laptop CPUs to Huawei despite pressure on Biden to revoke the permission, sources say

New Delhi will provide subsidies under a scheme to boost domestic manufacturing and strengthen the South Asian country’s bid to become a major hub in the global electronics supply chain.

The results show that a downturn in tech spending could be drawing to a close after Cisco also beat quarterly revenue estimates.

US PC giant Dell Technologies saw its Chinese sales plummet in the second quarter, amid a weaker macro environment and plans to cut reliance on China-based supply chains.

Some 32 companies have applied for the laptop production incentives, which India hopes will replicate the success of smartphone incentives from 2020.

The cooling demand is giving manufacturers the time ‘to make changes as many factories begin to explore production options outside China’, IDC said.

Lenovo saw a steeper-than-expected revenue decline to US$15.3 billion in the fourth quarter, as rivals HP and Dell also grappled with slowing PC sales after a work-from-home boom.

Amid similar lay-offs by tech giants, the chief executive says he is forgoing his bonus, and other members of his leadership team will also take pay cuts.

The decline comes amid rising inflation, supply chain disruption as a result of the pandemic, and the impact of the conflict in Ukraine.

Apple engineers are actively engaged in the project, although a launch has not been finalised, according to sources.

Dell wants all of the chips used in its products, including those made by foreign suppliers in China, to be sourced from outside the country.

The lay-offs are expected to be announced around the same time as Intel’s third-quarter earnings report on October 27.

Narendra Modi’s administration has been ramping up efforts to attract global electronics names through policy initiatives, as China’s allure wanes because of geopolitical tensions and its disruptive zero-Covid policy.

The IPEF Upskilling Initiative will provide training for 7 million over a decade in Brunei, Fiji, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.

Lockdowns and shipment delays caused by China’s zero-Covid strategy are adding to cost pressures for global PC makers, who are moving to diversify production away from the world’s No 2 economy.

The world’s top PC maker beat HP, Dell and Apple in global shipments of desktops, notebooks and workstations in the third quarter.

The American PC giants say customers will have to replace old office computers and work-at-home demand will continue after lockdown winds down.

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Global shipments of desktops, notebooks and workstations jumped 14.6 per cent in the third quarter but growth could have been higher if not for a shortage of components, says IDC

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A triple whammy of cybersecurity threats, a trade war and the coronavirus outbreak are exacerbating a backlash to globalisation and generating fresh questions about whether the technology industry relies too much on China.

China’s six central provinces – Anhui, Henan, Hubei, Jiangxi, Hunan and Shanxi – are all are tapping into the growing demand for low-cost production.