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Telecom Transformation and The Digital Vision

The drop in shipments is largely blamed on production suspension at major parts suppliers, device makers and assemblers in China, following the implementation of stringent lockdown measures to keep the highly-transmissible Omicron variant at bay under its zero-tolerance coronavirus policy.

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“As of now, we are very committed. The intent is to find a financial partner to come and invest in the company,” Birla told BQ Prime in an interview, on the sidelines of the World Economic Forum in Davos, adding that the worst is behind for the telco.

Chips are like “oil” and are important for both strategic and commercial reasons, Vaishnaw told ET’s Surabhi Agarwal in an interview. India cannot always keep importing chips, he said, expressing disappointment over comments by former RBI governor Raghuram Rajan that the country should not get into chip manufacturing.

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