With the aim of hiring employees for roles in engineering, manufacturing, and product development, plane maker Boeing said that it will cut 150 finance jobs in the U.S., with more to come next year, to simplify its corporate structure. The company informed the nonunion corporate staff in an all-hands virtual...
6 Cities of India in Top Tech Hubs List across APAC
According to a report by Chicago, IL headquartered real estate services Cushman and Wakefield, globally, 46 top tech markets were identified from more than 115 tech cities in total. While Beijing leads the list, six of the 14 cities in the Asia Pacific region, based on the key evaluation metrics...
Emerson Launches New Integrated Manufacturing Facility in India
Earlier this year, St. Louis, Missouri headquartered, global technology and software company Emerson, announced the launch of a new integrated manufacturing facility at Mahindra World City, in Chennai, Tamil Nadu. The 145,000-square-foot facility will manufacture fluid control and pneumatics products, including solenoid valves, air preparation units, cylinders, pneumatic valves and...
Foxconn Expands India iPhone Production
To increase production capabilities in India, Taiwan's Foxconn will expand one of its factories to enable iPhone manufacturing. The company will launch another phone manufacturing unit within its Foxconn Hon Hai Tech India facility near Chennai. Foxconn is expected to finish the new expansion and begin hiring within the next...
AstraZeneca Launches a Clinical Data and Insights Division in India
British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca set up a clinical data and insights (CDI) division in Bangalore for data-related management of its clinical trials. The CDI is a critical advancement that will support a growing global portfolio and build on internal data expertise. It will function across therapy areas...
24M Technologies to Set Up a Giga Factory in Chennai, India
Cambridge, Massachusetts-headquartered starup 24M Technologies, manufacturers of lithium-ion battery cells, just signed a license agreement with India's Lucas TVS Ltd., to construct one of the first giga factories in India using 24M’s SemiSolid technology. 24 M most recently raised $56 million in Series E funding from Itochu and others The...