Elon Musk is scheduled to visit India and meet with Indian Prime Minister Narendra Modi. Global IC design houses speeded up investments in India by setting up global capability centers.
Amid global production relocation, India remains disadvantageous due to a lack of stable power. To attract global manufacturers, India lowered import duties on EVs.Stable power supply is a key issue for manufacturing relocation to India
Three semiconductor projects, including one wafer fab and two ATMP/OSAT facilities, were inaugurated, marking a milestone for India on its way to building a semiconductor ecosystem
Two of the three chipmaking projects are expected to begin by mid-2024. Taiwanese firms expressed their cautiousness and optimism towards opportunities in India.
As more electronics manufacturers expand their capacities in India, Applied Materials eyes an increasing significance India may play in the global semiconductor manufacturing ecosystem.
India reduces import customs duty on mobile phone components. Notebook vendors accelerated production expansion in India. Apple saw another quarterly sales record in India.
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.
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.
Guajrat and Tamil Nadu, the two front-runners of the development of India's semiconductor ecosystem, held respective events, and won investments from semiconductors.
Despite rapid expansion in smartphone exports from India in recent years, geopolitical issues remain for India to expand exports further. Innolux confirmed the display collaboration with Vedanta was near finalization.
