The Congress on Monday attacked PM Modi over rising prices, citing reports that electronic appliances such as LED TVs and washing machines are set to become costlier ahead of the festive season. The party said the impact of inflation is spreading beyond kitchen essentials and asked when the prime minister would address what it called the country’s most pressing concern. Congress general secretary in-charge communications Jairam Ramesh shared a screenshot of a media report which said several electronic items, including LED TVs and washing machines, are likely to become more expensive from October 1. According to the report, companies are preparing to raise prices by 5 to 10 per cent because of higher raw material costs, including copper and aluminium. In a post in Hindi on X, Ramesh said, “The spree of fleecing the public during the festival season continues unabated.” He said, “The brunt of inflation is no longer confined just to the kitchen, yet the Prime Minister remains blissfully unconcerned, blowing his own trumpet.” More details: #JairamRamesh# #Congress# #PMModi# #Inflation# #PriceHike# #ConsumerElectronics# #FestiveSeason#

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Today in Caixin’s Business Brief: - Beijing issues mandatory national safety standards for autonomous driving - Consumer electronics prices rise on memory chip shortage, surging raw material costs

My latest industry checks indicate that Amazon’s processor procurement strategy for its own consumer electronics is set to undergo its first major shift in 20 years: moving away from externally sourced processors and adopting a COT (customer-owned tooling) model, with Alchip as the exclusive provider of back-end design and testing for its self-developed chips. Key points: 1. Amid the rapid expansion of AI compute, Amazon’s free cash flow for the 12 months ended 1Q26 fell 95% year over year to about US$1.2 billion. To maintain financial flexibility and keep funding its AI investment cycle, Amazon is also streamlining its organization and improving the cost structure of its non-AI businesses. 2. Amazon's own-brand consumer electronics, including Kindle, Fire TV, Echo, Alexa-enabled products, Blink, and Ring, currently use externally sourced processors. To optimize its cost structure, Amazon plans to gradually shift away from external sourcing and adopt a COT model similar to the one used for AI chip Trainium, taking more control of processor development in-house. 3. For this transition, Amazon has selected Alchip as its exclusive partner for back-end design and testing. Alchip is expected to receive non-recurring engineering, or NRE, fees for each design project, while also benefiting from processor shipments. 4. The strategy is expected to begin in 2027. Once the transition is complete, annual shipments of Amazon’s in-house processors are estimated at around 40 million units. This shift should help improve the cost structure of Amazon’s own devices and become a meaningful growth driver for Alchip.

A Colombian national pleaded guilty today to a seven-year money laundering conspiracy involving the purchase of consumer electronics using drug proceeds. According to court documents, Andrelio Castaño Rojas, 55, of Colombia, from January 2018 through March 2025, conspired to launder drug trafficking proceeds using a currency exchange scheme. Rojas opened U.S. bank accounts for two of his U.S. companies and arranged for his business accounts to receive drug proceeds through bank wires and bulk cash deposits. Rojas used these funds to purchase consumer electronics that he exported to Colombia. Read more:

Bendable flexible glass on exhibition. Combining toughness and light transmission, new‑material research brings more possibilities for consumer electronics. 玻璃也开始“卷”起来了 #china# #anhui#

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AI has the capital intensity of the electrical grid, the depreciation clock of consumer electronics, and the strategic stakes of aerospace. This is not a challenge that America can afford to fail. Read the full article by @NecessaryForm here: