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.
Samsung regained its top position in India's smartphone market in 2023, with Xiaomi mounting a comeback in the fourth quarter. iPhone shipment surpassed 10 million units in India, helping Apple to capture the top position in smartphone revenue during the period.
Days before the Indian government unveils its latest budget for the next fiscal year, the country decided to cut import duties for mobile phone components. Some believe the move will benefit manufacturers, but some believe it's not enough to reduce costs for end products.
India is well-positioned to become a major global semiconductor market thanks to strong economic growth, a favorable demographic dividend for domestic consumption, and increasing demands for locally-made mobile phones and vehicles.
As India is keen to encourage local production of computers and servers, Samsung Electronics disclosed its plan to make notebooks in the country to capitalize on the growing market.
Under the initiative by the US government to diversify production, electronics manufacturers are establishing facilities in India to meet their US-based customers' demands, and production expansion projects are boosting economies and industries in India.
ASUS India's Vice President for Consumer and Gaming PC, Arnold Su, recently discussed the potential impact of AI PCs on India's tech market and the company's plans to boost its manufacturing presence in India, including the production of gaming laptops by 2024.
According to the "Analysis and the Trend in the Communication and Data Center Markets in India" released by DIGITIMES Research, India's communication and data center markets are rapidly growing, driven by its massive population and continuous growth in internet demands.
Corning signed an MoU with the government of Tamil Nadu to make cover glass for mobile devices as India saw surging electronics exports thanks to Apple suppliers.
The development of India's IT service industry can be traced back to the 1980s when the country began to promote the industry and formed an industry association, the National Association of Software and Service Companies (NASSCOM).
Samsung Electronics' India-based research and development center, the Samsung R&D Institute India - Bangalore (SRI-B), has significantly contributed to the development of AI smartphones, particularly in the latest flagship model, the Galaxy S24.
