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.

According to the latest market tracker, India recorded a 2% fall in smartphone shipments in 2023, a minor drop compared with the global market. India's smartphone shipment is expected to experience a slight rebound in 2024.

Days after the formation of a joint venture by the HCL Group and Foxconn, the duo is reportedly scouring for places for their OSAT venture in the southern states of Tamil Nadu and Telangana, where customers for the finished chips in the electronics manufacturing industry are in place.

India implemented a management system for imported IT hardware in November. The Indian government clarified that desktop PCs are not included in the restricted list, a move intended to address confusion but ended up with even greater complexity.

India is welcoming its first memory ATMP facility set up by Micron, which may be the first foundry operated by a private entity in India in 30 years. However, experts believe India may be too optimistic about its semiconductor ambition.

After the chip foundry Joint Venture (JV) formed by Foxconn and Vedanta fell apart, the former announced a new JV with India-based IT giant HCL group to enter the OSAT sector.

As India's semiconductor ecosystem quickly evolves with a discernible emergence of manufacturing capabilities, Qualcomm commits to investment ramp-ups and is willing to have a local manufacturing partner in India.

The growing trend of smart manufacturing has increased demand for computing power across all industries. In this regard, industrial PC (IPC) manufacturers will need to actively participate in exhibitions abroad if they aim to seize a chunk of the growing international market.