Sahasra’s Bhiwadi unit is set to gradually increase its capacity to 30 percent by the end of this year and the company plans to fully realize its potential in the next phase.
Sahasra has been approved under two government initiatives – production-linked incentive (PLI) for components and sub-assemblies of white goods and the scheme for promotion of manufacturing of electronic components and semiconductors (SPECS).
Sahasra Semiconductors: Sahasra has been approved under two production-linked incentive (PLI) schemes- the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and the PLI scheme for components and sub-assemblies of white goods.
(Bloomberg) Samsung Electronics Co. reported a 78% plunge in quarterly profit, reflecting the severity of a sector-wide slump that continues to weigh on the world’s biggest maker of memory chips.Most Read from BloombergIsrael Latest: Biden Pledges US Support and Sends Top EnvoyIsrael Latest: Top US General Warns Iran to Stay Out of ConflictHamas Got Around Israel’s Surveillance Prowess by Going DarkAfghanistan’s Viral Supercar Makes Global Debut at Doha ShowBrutality of Surprise Attack Unites
Samsung Electronics on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn.