India plans to airlift components from China to help local tech industry: sources [Reuters (UK)]
Flex Ltd. - Ordinary Shares (FLEX)
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Source: Reuters
India plans to airlift components from China to help local tech industry: sources - Reuters 4 Min Read NEW DELHI (Reuters) - India is planning to backstop its growing electronics sector by arranging to airlift components from China, three government officials said, as it tries to contain the fallout from the coronavirus crisis in China. India’s federal technology ministry has asked electronics and smartphone industry lobby groups to draw up a list of components made in China which then can be airlifted, two of the officials said. China is slowly getting back to work after an extended shutdown, but it is still grappling with a range of production and logistics delays. Electronics manufacturing, especially the assembly of smartphones, is a bright spot for India’s otherwise flagging economy. But the country is still highly dependent on China for components such as camera modules and display screens. The emergency airlift plans underscore the interconnected nature of global supply chains
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News
- Why Flex (FLEX) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- Medical Device Contract Manufacturing Market is Expected to Reach $149.4 billion | MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Flex Ltd. (NASDAQ: FLEX) had its price target raised by analysts at JPMorgan Chase & Co. from $32.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- Flex Schedules Combined Fourth Quarter and Fiscal 2024 Earnings Call with 2024 Virtual Investor and Analyst DayPR Newswire
- Biden says U.S. economy is world's best. Trump calls it a 'cesspool.' Data is clear. [MSNBC.com]MSNBC.com
FLEX
Earnings
- 1/31/24 - Beat
FLEX
Sec Filings
- 4/16/24 - Form 4
- 3/13/24 - Form 4
- 3/13/24 - Form 4
- FLEX's page on the SEC website