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.
Hyundai Motor is reportedly looking to list its Indian subsidiary, Hyundai Motor India, in India in 2024, as the country has become the third-largest car market and overtook Hong Kong as the fourth-largest stock market.
Taiwan-based Aptos Technology, a subsidiary of Taiwan Mask, announced a collaboration with India-based Kaynes Semicon Private Limited on training and technology licensing in semiconductor packaging and testing.
Amid production expansion in India, Foxconn announced a new investment plan. Whether the latest announcement is for mobile phones, EVs, or electronic component manufacturing remains to be seen.
US-based tech giant Synaptics has said that it plans to bolster its presence in India and make it the company's second-largest design center by the end of 2024. Speaking to Digitimes Asia recently, the company revealed plans to expand office space and hire more people in the country.
India saw a surge in solar product exports, particularly to the US, as China faces restrictions and trade barriers to sell its products to the US market. A report found that China-based solar manufacturers may indirectly export their products to the US through India-based manufacturers.
According to the latest Interim Budget, India did not extend the concessional tax for manufacturing startups as the industry had previously expected, a decision not beneficial to the make-in-India initiative that Narendra Modi had been proposing.
As part of the revival roadmap in semiconductors, India invited bids to modernize its Semiconductor Laboratory (SCL), with Tata, Tower Semiconductor, and Texas Instruments reportedly applying for participation.
In addition to Apple, US-based Intel is expanding its manufacturing ecosystem in India by showcasing locally-made computers powered by Intel technologies since India has become the fastest-growing market amid the global PC woes.
India reduces import customs duty on mobile phone components. Notebook vendors accelerated production expansion in India. Apple saw another quarterly sales record in India.
According to Samsung Electronics' financial report for the fourth quarter of 2023, the revenue and operating profits of Samsung's mobile eXperience (MX) and Networks division saw a 7% year-on-year decrease and a 1.6% year-on-year increase in 2023, respectively. Looking ahead to 2024, driven by the strong sales performance of its AI smartphone, the Galaxy S24 series, Samsung's smartphone business appears to show signs of a "turnaround" and a chance to take back its top spot from Apple.
Tata is reportedly discussing forming a joint venture with Pegatron regarding a new iPhone manufacturing facility in southern India. Tata may be asking for technical support to ramp up production capacity to meet Apple's demands for global diversification.
Top executives from Microsoft Corp. and Alphabet Inc. are touring India over the next week to court the country's millions of programmers and support the adoption of artificial intelligence services in a key market.
India-based electronics manufacturer Kaynes Technology acquired US-based Digicom Electronics. Kaynes Semicon also formed a partnership with DigLens for AR product manufacturing.
Reuters, the Economic Times, and Mint reported that according to an announcement by the government of Karnataka on January 31, Taiwan-based Wistron Corp is set to invest INR15 billion (US$180.7 million) in establishing a notebook manufacturing facility in the Indian state of Karnataka, as per a non-binding agreement signed by the company. DIGITIMES reported that Wistron's investment was related to maintenace service.
