As Narendra Modi enters his third term as India's Prime Minister, the country is reportedly expected to adopt a somewhat softer stance on its economic ties with China by easing its stringent regulations, at least to some extent.
A day before India unveils its Union Budget for the current fiscal year, the country is seeing increasing value addition in the global supply chain, exemplified by the rising iPhone manufacturing capacity.
L&T is expanding its semiconductor business, which may go beyond IC design. Acer will leverage brand licensing to cultivate the Indian market and support the Make in India initiative.
Multiple challenges slowed India's smartphone market, as vendors saw a meager 1% growth in shipments. Xiaomi reclaimed its leadership in the market after six quarters.
To expedite investments and establish a local electronics manufacturing ecosystem, India reportedly plans to speed up visa issuance for Chinese engineers and clarify the conditions under which Chinese investments will be allowed.
According to PTI, citing Tiger Ishii, president and COO of Canon Marketing Asia, reported that the company sees India as a crucial market for future growth, driven by the country's expanding economy and rising demand for its products.
Following the Acer-Indkal Technologies partnership in the smartphone market, Acer CEO Jason Chen clarified that Acer is not re-entering the smartphone market.
Amidst India's aspirations to build a local semiconductor supply chain, a significant step forward has been taken. The government of Assam has signed a land-leasing agreement with the Tata Group, expediting the process of establishing a semiconductor facility in the region.
Acer made a bold move by partnering with India-based Indkal Technologies to re-enter the smartphone market. Acer's strategic focus is on harnessing India's potential rather than solely concentrating on the highly competitive smartphone market.
In less than a year after forming an IC design subsidiary, India-based infrastructure and engineering giant Larsen & Toubro (L&T) bagged orders for SoCs for surveillance systems.
Samsung Electronics Chairman Lee Jae-yong's recent visit to India highlighted the country's growing importance for the tech giant. Lee's trip, from July 11 to 14, combined strategic business meetings with attendance at a high-profile wedding, marking a pivotal moment in Samsung's commitment to expanding its footprint in the rapidly growing Indian market.
Qualcomm has filed a lawsuit against Transsion, an emerging China-based smartphone giant, in India, alleging unauthorized use of Qualcomm's patented technologies. This legal action highlights the intensifying competition among leading mobile application processor (AP) providers and underscores Transsion's successful strategy in emerging markets.
According to Business Standard and Financial Express, India-based Cyient is expanding its semiconductor business by creating a new subsidiary. This subsidiary will focus on designing and selling specialized chips (ASICs), a move Cyient believes will position them as a major player in India's growing semiconductor industry.
