Tata Electronics has made a significant move to bolster its semiconductor manufacturing ambitions by appointing industry veteran KC Ang as President and Head of Tata Semiconductor Manufacturing. Ang, bringing over three decades of experience in the semiconductor sector, will assume his new role in 2024, reporting directly to Tata Electronics CEO Randhir Thakur, according to the Economic Times and Mint
Foxconn (Hong Hai) revealed that its Indian subsidiary will procure equipment from Apple's subsidiary, signaling an expansion of Apple product production in India, which is rapidly emerging as a key manufacturing hub for the company
A senior executive from Kaynes Semicon revealed plans for the company to become the first in India to package chips by July, noting the delay in Micron's ATMP project
Foxconn reportedly plans to double iPhone production in India by 2025, aiming to produce 25-30 million units annually. This expansion, driven by Apple's diversification strategy and Indian government incentives, marks a significant shift in global iPhone manufacturing
India is extending its push for electronics self-reliance beyond finished goods, approving a US$2.68 billion scheme targeting component manufacturing. This initiative aims to close a significant import gap, offering tailored incentives to boost domestic production and integrate India into the global electronics supply chain, addressing a critical need alongside existing Production-Linked Incentive (PLI) efforts
Dixon Technologies is rapidly solidifying its position in India's electronics manufacturing services (EMS) sector. Recent joint ventures with Signify and Vivo, alongside acquisitions like Ismartu, demonstrate Dixon's aggressive expansion strategy. These moves, coupled with its focus on "Make in India," are driving its growth across diverse electronics manufacturing
Chinese electric vehicle (EV) manufacturer BYD is considering establishing an electric car manufacturing unit near Hyderabad, which would make Telangana the first Indian state to host a BYD factory. The company has engaged in extensive discussions with the state government and is assessing three proposed locations before finalizing a site and signing an agreement, reports ETV Bharat, Business Standard, and the Times of India
India sees major tech and industry shifts: Intel's OSAT speculation grows, Asus recovers US$161.9M, Netrasemi preps AI SoCs, Samsung faces US$601M tax demand, smartphone and renewable energy sectors surge, and OpenAI, Meta eye Reliance partnership
Infineon Technologies revealed a plan to set up a Global Capability Centre (GCC) in Gujarat International Finance Tec-City (GIFT City), Ahmedabad, marking the company's first such facility in the state and its second in India
Indian semiconductor startup Netrasemi is set to launch its first AI-optimized system-on-chips (SoCs) for edge computing applications, with tape-outs scheduled at TSMC in April and June
Reuters, citing a government order, reported that India required Samsung and seven of its executives to pay US$601 million in back taxes and penalties for allegedly evading tariffs on imported telecom equipment. The demand includes US$520 million in unpaid taxes and a 100% penalty, along with US$81 million in fines for the executives
Asus recently announced the recognition of a NT$5.35 billion (approx. US$161.9 million) bad debt for the fourth quarter of 2024, stemming from delayed payments by an Indian client. The company has reportedly recovered this payment, allowing them to reverse the bad debt, which could positively impact their profits for the full year of 2025
Tesla is reportedly talking to local suppliers, including those from Tata, amid its supply chain diversification away from China and Taiwan. This move aligns with its goal to sell cars in India, where incentives are available for EV manufacturers that produce locally
India's smartphone manufacturing rose in 2024, driven by Apple and Samsung exports, with Foxconn, Tata, and Dixon Technologies significantly increasing production
