India, which provides 20% of talent in the chip design sector, will likely experience a talent shortage as the country strives to develop a self-reliant semiconductor ecosystem.
India's ASIP Technologies, which has partnered with the South Korean company APACT, has said it is close to receiving government approvals for its OSAT facility. This comes after the Indian government recently approved OSAT projects from Tata and CG Power and Industrial Solutions.
After India approved three chip projects to develop a local chipmaking ecosystem, an Indian government official disclosed the country is likely to see at least 2-3 wafer fabs and three ATMP/OSAT facilities in the coming years.
India has experienced a significant increase in production and exports within the mobile phone manufacturing sector, positioning it as the second-largest producer and the fifth-largest exporter globally.
Amidst the ongoing tensions between the United States and China, more brands, including tech giant Apple, are eyeing India's promising economic growth and demographic distribution as a potential destination for their supply chains.
US-based semiconductor equipment manufacturer, Applied Materials, inaugurated a validation center in India, the first commercial facility to process 300mm wafers in the country.
The Indian government approved the INR103.7192 billion AI Mission to foster India's Artificial Intelligence (AI) ecosystem and catch up with leading countries in AI.
Two of the three chipmaking projects are expected to begin by mid-2024. Taiwanese firms expressed their cautiousness and optimism towards opportunities in India.
India has been trying hard to strengthen the development of its manufacturing industries since Prime Minister Narendra Modi took office in 2024, highlighted in its slogans ranging from "Make in India" to "Self-Reliant India." In particular, its promotion of ICT and automotive industries aligns with Taiwan's current industrial development trend, which will inevitably bring huge market opportunities for Taiwanese manufacturers if they can grasp the trend well.
Tata Electronics Private Limited (TEPL), a subsidiary of India's Tata Group, is planning to invest US$11 billion to establish India's first 12-inch semiconductor fabrication plant in Gujarat, a state along the western coast of India with the ninth largest population in the country. This marks a significant milestone for the "Make in India" initiative and opens many doors for further Taiwan-India collaboration in Taiwan's academia and industrial sectors.
Lenovo is optimistic about the Indian market and reiterates its commitment to Make in India. The company is a rare case among China-based technology firms operating in India without facing regulatory pressure.
Samsung Electronics is set to launch 83-inch OLED and 98-inch LCD TVs in the South Korean domestic market, and its highest-end Micro LED TV will also expand to emerging markets like Vietnam and India, accelerating the global deployment of its product lines. Meanwhile, LG Electronics is taking a dual-track approach with OLED and QNED TVs to compete in the high-end market.
Photomask specialist Taiwan Mask Corporation has announced plans to participate in optical components supplier TrueLight's private placement, with a total investment of around NT$410 million (US$13 million).