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.
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.
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.
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.