Jul 9, 2018 - Technology

Samsung pivots to India with "world's largest mobile factory"

Samsung president of mobile communications business DJ Koh. Photo: Lluis Gene/AFP/Getty Images

Samsung has opened the “world’s largest mobile factory” in Noida, Uttar Pradesh, India on Monday, veering away from Chinese investment, the company announced in a press release Monday.

The details: The South Korean giant will nearly double capacity for cell phones from 68 million a year to 120 million. Expansion is expected to be completed by 2020.

Our thought bubble: Expanding investment in India is nothing new for Samsung, or other tech companies like Apple, says Axios’ Ina Fried. It’s not like India is a global manufacturing hub; rather, the investment in India is a requirement to sell smartphones people there can actually afford. Phones made outside India are subject to big tariffs.

Per Bloomberg: “Last year, India overtook the U.S. to become the world’s second-largest smartphone market after China. There will be 780 million connected smartphones in 2021, compared with 359 million in 2016, according to a study by Cisco Systems.”

Go deeper

Axios
1 hour ago - Politics & Policy

Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant

Breonna Taylor memorial in Louisville. Photo: Brandon Bell/Getty Images

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds before entering the apartment: "Breonna Taylor would be alive, 100 percent."

Driving the news: Mattingly, who spoke to ABC News and Louisville's Courier Journal for his public interview, was shot in the leg in the initial moments of the March 13 raid. Mattingly did not face any charges after Kentucky Attorney General Daniel Cameron said he and another officer were "justified" in returning fire to protect themselves against Taylor's boyfriend.

Go deeper (2 min. read)Arrow
Scott Rosenberg, Ashley Gold, Kyle Daly
2 hours ago - Technology

U.S. vs. Google — the siege begins

Illustration: Sarah Grillo/Axios

The Justice Department fired the starter pistol on what's likely to be a years-long legal siege of Big Tech by the U.S. government when it filed a major antitrust suit Tuesday against Google.

The big picture: Once a generation, it seems, federal regulators decide to take on a dominant tech company. Two decades ago, Microsoft was the target; two decades before that, IBM.

Go deeper (1 min. read)Arrow
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Why the stimulus delay isn't a crisis (yet)

Illustration: Aïda Amer/Axios

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

  • That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.
Go deeper (2 min. read)Arrow