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Business Standard
01-05-2025
- Business
- Business Standard
Dixon, Inventec form joint venture to manufacture PCs and servers in India
Electronics manufacturing services company Dixon Technologies has entered into a joint venture agreement with Taiwanese IT hardware giant Inventec Corporation for manufacturing personal computers, components and servers in India. The joint venture, Dixon IT Devices Private Limited, will focus on manufacturing notebook PC products, desktop PC products, including components, and servers within India, according to a regulatory filing. "Dixon Technologies (India) Limited (Company) has on 30 April 2025 entered into a Joint Venture Agreement with Inventec Corporation and Dixon IT Devices Private Limited, (JV Company), a wholly owned subsidiary of the Company (JV Agreement) for governing inter-se relationship of the Company and Inventec Corporation in respect of operation and management of the JV Company," the filing said. Under the terms of the agreement, Dixon Technologies will hold a 60 per cent stake in the joint venture, while Inventec Corporation will own the remaining 40 per cent. The agreement includes provisions for board representation, with Dixon nominating three directors and Inventec two. "With Dixon's operational efficiency and local expertise and Inventec's technological prowess in the IT hardware segment, we shall be striving to produce high-quality products while driving technological innovation and contributing to the development of India's IT infrastructure. The partnership aligns with the Government of India's vision of promoting domestic manufacturing & self-reliance under the Make in India scheme," Dixon's Vice Chairman and Managing Director, Atul B. Lall said. Inventec President Jack Tsai said the partnership significantly enhances the firm's operational agility and service coverage within the Indian market. Inventec, established in 1975 and recognised as one of the world's top five PC original design manufacturers (ODMs), manufactures notebooks, desktops, all-in-one PCs, servers, and handheld devices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
30-04-2025
- Business
- Time of India
Dixon forms JV with Taiwan's Inventec to boost IT hardware business
New Delhi: Electronics contract manufacturer Dixon Technologies has formed a joint-venture agreement with Taiwan-based Inventec , to boost its IT hardware manufacturing business. The JV named Dixon IT Devices Private Ltd will be 60% owned by Dixon and 40% by Inventec, an original design manufacturer (ODM) for IT hardware . The JV entity will manufacture notebook PC products, servers, desktops and PC components in India, Dixon said in an exchange filing Wednesday. Dixon plans to open a dedicated manufacturing facility as part of the joint-venture entity, separate from the Rs 1,000-crore facility coming up in Chennai, industry executives familiar with the matter said. They added that the new entity will also look at participating in the government's Rs 22,000 crore scheme for electronic component manufacturing. Each of Dixon's subsidiaries being formed to make components will apply for participation in the scheme, separately. 'This joint venture marks a significant milestone for Dixon as we expand our portfolio into high growth segments of notebooks & servers. With Dixon's operational efficiency and local expertise and Inventec's technological prowess in the IT hardware segment, we shall be striving to produce high-quality products while driving technological innovation and contributing to the development of India's IT infrastructure,' said Atul B. Lall, vice chairman and managing director, Dixon. Dixon did not disclose the financials of the latest deal. The joint-venture will enable Dixon to have capabilities in designing IT hardware, especially servers in India, along with access to a global list of customers which manufacture through Inventec, industry executives aware of the development told ET. Dixon is planning to open a large manufacturing park to make various IT hardware products for global clients as part of this joint-venture. Inventec will bring on-board design capabilities for IT hardware, which has been lacking in India, one of the executives said. 'By offering a more diversified manufacturing footprint, we aim to strengthen supply chain resilience, optimize cost-efficiency, and align with Inventec's long-term globalization strategy,' said Jack Tsai, President, Inventec, in a statement. The announcement comes amidst turmoil in global trade after the Trump administration imposed steep tariffs on imports from China. IT hardware and mobile phones, though have been exempted temporarily, will be subject to fresh tariffs due to be announced in May. Though executives said talks for this joint-venture have been going on for over a year, high tariffs on China may see a part of Inventec's production for US markets shift to India as part of the joint-venture agreement. Inventec makes products for leading PC brands including HP, Dell and other global PC brands, operating as a ODM partner which entails designing as well as manufacturing notebooks for these brands. With PC imports from China to the US set to get more expensive, the Dixon deal will help Inventec keep costs under check, experts said. For Dixon, the Inventec deal is the second such agreement with an ODM after it roped in Longcheer, a leading China-based mobile phone ODM, as part of its ongoing strategy of acquiring technological prowess and access to global clientele through ODM partnerships.
Economic Times
30-04-2025
- Business
- Economic Times
Dixon Technologies forms joint venture with Inventec to enhance IT hardware manufacturing in India
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Electronics contract manufacturer Dixon Technologies has formed a joint-venture agreement with Taiwan-based Inventec , to boost its IT hardware manufacturing JV named Dixon IT Devices Private Ltd will be 60% owned by Dixon and 40% by Inventec, an original design manufacturer (ODM) for IT JV entity will manufacture notebook PC products, servers, desktops and PC components in India, Dixon said in an exchange filing plans to open a dedicated manufacturing facility as part of the joint-venture entity, separate from the Rs 1,000-crore facility coming up in Chennai, industry executives familiar with the matter added that the new entity will also look at participating in the government's Rs 22,000 crore scheme for electronic component manufacturing. Each of Dixon's subsidiaries being formed to make components will apply for participation in the scheme, separately.'This joint venture marks a significant milestone for Dixon as we expand our portfolio into high growth segments of notebooks & servers. With Dixon's operational efficiency and local expertise and Inventec's technological prowess in the IT hardware segment, we shall be striving to produce high-quality products while driving technological innovation and contributing to the development of India's IT infrastructure,' said Atul B. Lall, vice chairman and managing director, did not disclose the financials of the latest joint-venture will enable Dixon to have capabilities in designing IT hardware, especially servers in India, along with access to a global list of customers which manufacture through Inventec, industry executives aware of the development told is planning to open a large manufacturing park to make various IT hardware products for global clients as part of this joint-venture. Inventec will bring on-board design capabilities for IT hardware, which has been lacking in India, one of the executives said.'By offering a more diversified manufacturing footprint, we aim to strengthen supply chain resilience, optimize cost-efficiency, and align with Inventec's long-term globalization strategy,' said Jack Tsai, President, Inventec, in a announcement comes amidst turmoil in global trade after the Trump administration imposed steep tariffs on imports from China. IT hardware and mobile phones, though have been exempted temporarily, will be subject to fresh tariffs due to be announced in executives said talks for this joint-venture have been going on for over a year, high tariffs on China may see a part of Inventec's production for US markets shift to India as part of the joint-venture makes products for leading PC brands including HP, Dell and other global PC brands, operating as a ODM partner which entails designing as well as manufacturing notebooks for these PC imports from China to the US set to get more expensive, the Dixon deal will help Inventec keep costs under check, experts Dixon, the Inventec deal is the second such agreement with an ODM after it roped in Longcheer, a leading China-based mobile phone ODM, as part of its ongoing strategy of acquiring technological prowess and access to global clientele through ODM partnerships.
Time of India
28-04-2025
- Business
- Time of India
Taiwan's Inventec to invest up to $85 million in US to lessen tariff impact
TAIPEI: Taiwanese contract electronics manufacturer Inventec has agreed to invest up to $85 million to build manufacturing facilities in Texas to help mitigate the impact of U.S. tariffs, it said on Monday. In a statement to the Taiwan stock exchange, the company said that its U.S. subsidiary would look for "suitable production" plants in the southwestern U.S. state. The plan has been agreed upon by the board to "meet customer shipment location requirements, actively pursue new customers and markets, and mitigate the impact of fluctuations in U.S. tariff policies," the company said in its short statement. It did not elaborate. The company is a contract maker of notebooks as well as AI servers that use Nvidia chips . Inventec President Jack Tsai said in January that the company had started evaluating locations for investment in the United States and was favouring Texas for its proximity to Mexico and power infrastructure. Taiwan had been due to be hit with a 32% tariff under U.S. President Donald Trump's plans for import taxes on all countries, until he hit the pause button for 90 days earlier this month. Taiwan's government has repeatedly said it will help its companies invest more in the United States, and buy more goods from the country, to help reduce the island's yawning trade surplus.
New Straits Times
28-04-2025
- Business
- New Straits Times
Taiwan's Inventec to invest up to US$85mil in US to lessen tariff impact
TAIPEI: Taiwanese contract electronics manufacturer Inventec has agreed to invest up to US$85 million to build manufacturing facilities in Texas to help mitigate the impact of US tariffs, it said on Monday. In a statement to the Taiwan stock exchange, the company said that its US subsidiary would look for "suitable production" plants in the southwestern US state. The plan has been agreed upon by the board to "meet customer shipment location requirements, actively pursue new customers and markets, and mitigate the impact of fluctuations in US tariff policies," the company said in its short statement. It did not elaborate. The company is a contract maker of notebooks as well as AI servers that use Nvidia chips. Inventec President Jack Tsai said in January that the company had started evaluating locations for investment in the United States and was favouring Texas for its proximity to Mexico and power infrastructure. Taiwan had been due to be hit with a 32 per cent tariff under US President Donald Trump's plans for import taxes on all countries, until he hit the pause button for 90 days earlier this month. Taiwan's government has repeatedly said it will help its companies invest more in the United States, and buy more goods from the country, to help reduce the island's yawning trade surplus.
