Taiwan-based Innolux, a technology partner with India-based Vedanta on TFT-LCD panels, said its collaboration with Vedanta will begin mass production of display panels in two years after approval and is likely to reach break-even two years after operation.
As Tata Group is setting up its chipmaking facility, Indian media reported that Tata might try to find a Taiwan-based technology partner, possibly the third Taiwan-India collaboration on semiconductors, if the rumor materializes.
According to the Indian Express, Rajeev Chandrasekhar, the minister of state for electronics and IT of India, said the government received proposals from Tata Group and Tower Semiconductor with a total investment of nearly US$22 billion to set up fabs in the country. The minister added that India received two large proposals and other smaller projects for setting up packaging and testing facilities from Tata and a consortium headed by a Japanese semiconductor company.
As NAND Flash demand is expected to recover in 2024, Samsung Electronics has reportedly established a dedicated R&D team for SSD in India to expand its presence and maintain leadership in the sector.
China-based smartphone makers are reportedly talking with Indian EMS providers for mobile phone manufacturing, as Chinese investments in the South Asian country fell significantly in recent years amid intensifying scrutiny against Chinese entities and nationals in India.
Despite a sluggish macro-economy, India's wearable market continues to exhibit characteristics of being in a high-growth phase when shipment surged, coupled with a plethora of new competitors challenging incumbents.
India's semiconductor manufacturing ecosystem development is speeding up after embracing pragmatism by starting with ATMP, followed by the foundry business, and the Information Technology and Innovation Foundation (ITIF) expects five ATMP facilities to emerge in the next five years.
Geopolitical pressures and changes in industrial structure are driving strategic collaborations among semiconductor companies, with various countries or regions incentivized for partnerships, particularly Taiwan and Japan. However, support from Taiwan, Japan, and South Korea is essential to establish ICT supply chains in emerging countries such as South Asia and Southeast Asia.
Smartphone shipments in India remained modestly growing in 2023 despite a sluggish macro economy. The market is expected to see a mild recovery in 2024 as challenges persist.
As more electronics manufacturers expand their capacities in India, Applied Materials eyes an increasing significance India may play in the global semiconductor manufacturing ecosystem.
A recent report from a US-based think tank suggested ways the Indian government can enhance regulatory stability and business conditions to attract more semiconductor investments.
Amid India's ambition to build a semiconductor manufacturing ecosystem, particularly with the support of the US government, US-based chipmaking tool provider Applied Materials reiterated its commitment to accelerate the commercialization process in India.
In a recent update, the Indian engineering and design services company eInfochips has revealed plans to expand its engineering capacity and boost investments in high-power electronics.
