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.
According to the Press Information Bureau of India, the Ministry of Heavy Industries of India announced the re-bidding of the Production Linked Incentive (PLI) schemes for advanced chemistry cells of 10GWh with a budget outlay of INR36.2 billion (US$435.65 million), encouraging manufacturers to set up facilities as part of India's efforts to promote green mobility and renewable energy.
Contract electronics maker Pegatron has announced plans to build a plant in Malaysia, bringing the total number of its manufacturing sites in Southeast Asia to four.
Corning and its Indian manufacturing partner signed an MoU with the government of Tamil Nadu to set up a plant, reportedly for making iPhone cover glass, marking another Apple supplier to invest in the southern Indian state.
With a population of 1.42 billion, India is the most populous country globally due to its demographic structure, predominantly composed of young people. The country enjoys a substantial demographic dividend beneficial for the manufacturing sector. A DIGITIMES Research report, "Analysis of the Economy, Industry, and Technology Policies in India," points out that India's middle class continues to grow, boosting domestic consumption, and the Indian government is promoting investments in the electronics manufacturing sector through incentives and customs duties.
Foxconn announced it will sponsor Mandarin language education in India as part of a cooperation deal between industry, government, and academia as the EMS giant expands its investments in South Asian countries.
Thanks to rising production and exports by Apple suppliers, India continued to witness surging electronics exports, and the export momentum is expected to remain.
Apple's no. 2 supplier, Pegatron, has faced challenges on multiple fronts, with an oversaturated smartphone market, recent iPhones being criticized for lacking innovation, and increasing encroachment from China-based Luxshare Precision. As Apple's halo fades, Taiwan-based OEMs have been seeking new opportunities. Pegatron's ventures into new businesses and markets show the agility that Taiwan-based OEMS have gained from years of experience in the field.
Signaling its future growth trajectory, Marvell Technology has confirmed that the company is working on data infrastructure products enabled by technology platforms on 5, 3, and 2nm. While the company has teams across the world, India remains its largest R&D development center outside the US.
In December, Pegatron surprised the market by yielding control of its Kunshan subsidiary to China-based Luxshare. Pegatron said it was a collaborative decision with its customers, and the company's diversification across geographies is pacing up.
As major economies look to reduce their reliance on East Asian economies for semiconductor supply, India approved the MoU with the European Union to foster collaboration on chips.
Samsung Electronics unveiled its latest flagship smartphone, the S24 series, which features on-device AI capabilities. Samsung praised the contribution of the Indian R&D team to the smartphone and confirmed local production of the device.
Foxconn and HCL signed an MoU to form a joint venture into the OSAT sector, as manufacturers are capitalizing on the opportunity to have a presence in the Indian semiconductor ecosystem.
