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PC maker HP India is set to sign an agreement with electronics contract manufacturer Dixon Technologies' subsidiary Padget Electronics to make the company's notebooks, desktops and all-in-one PCs under the PLI 2.0 scheme in India, a joint statement said on Monday. The production will take place at a new facility of Padget Electronics being established in Chennai. "Padget Electronics Private Limited intends to enter into an MOU with HP India Sales Private Limited to carry out manufacturing of notebooks, desktops, and all-in-one PCs under PLI 2.0, subject to signing of definitive agreements in due course," the statement said. Ipsita Dasgupta, HP managing director for the India market, said the announcement reaffirms the company's commitment and pride to participate in the government's Make in India initiative. "Through this partnership, we look forward to offering our customers in India an enhanced portfolio of domestically manufactured products that combine HP's cutting-edge technol
India's personal computer (PC) market is better than the rest of the world and low penetration level of the devices offers a good growth opportunity for the Taiwanese tech major Asus, senior company officials have said. The Taiwanese PC maker has seen positive growth in the Indian market. Asus India consumer and gaming PC vice president Arnold Su told PTI that "India's PC penetration per household is around 10 to 11 per cent. Which means around 90 per cent of Indian households still do not have a PC, which means it is a very good opportunity for us," he said. Su said Asus is continuing to invest in India making its product available across the country. "... If you see today in India, out of 750 districts, we have already covered around 450 districts," he added. Asus general manager for Asia Pacific System Business Unit Peter Chang told PTI that post COVID pandemic, the company has not seen very positive signals in PC demand both globally and in India. "However, this year... the ..
Investors soon won't be able to follow Warren Buffett's every move in HP's stock if the billionaire's company keeps selling off shares of the printer and computer maker. Berkshire Hathaway's ownership of HP Inc. is about to drop below 10 per cent after it sold nearly 5 million shares, according to a regulatory filing by Buffett's company late Monday. The Securities and Exchange Commission requires investors who own less than 10 per cent of a company to report their company holdings only on a quarterly basis rather than big investors who must disclose their actions closer to the time of a so-called triggering event, which can mean buying or selling shares. Many investors do watch Buffett's moves closely because of his extremely successful track record over the years. Not that long ago, Berkshire owned more than 12 per cent of HP's stock before it started to trim its stake last month. Now it's down to 10.2 per cent after several stock sales of the Palo Alto, California, company. In