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
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- Flex Set to Join S&P MidCap 400; Azenta and Concentra Group Holdings to Join S&P SmallCap 600 [Yahoo! Finance]Yahoo! Finance
- Flex Acquires JetCool to Expand Data Center and Power PortfolioPR Newswire
- Here's Why Flex (FLEX) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
FLEX
Earnings
- 10/30/24 - Beat
FLEX
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/8/24 - Form 4
- FLEX's page on the SEC website