India may see more local companies venture into the IC design sector as it develops its local semiconductor supply chain. Apple saw an improving performance in India when it encountered challenges elsewhere, including China.
Apple reported declining sales for the last fiscal year and provided weak guidance for the current quarter. Amid Huawei's comeback and the Chinese government's reported ban on iPhones at work, Apple faces challenges in the Greater China market.
Tata Motors, India's largest electric vehicle (EV) brand, announced a partnership with Tata Group's luxury brand Jaguar Land Rover (JLR) for licensing an EV platform for Tata to expand its EV portfolio into the premium market.
India's smartphone shipments remained flat, but the market is moving towards growth. Apple broke the iPhone shipment records in India and is expected to double production in the South Asian country, which may further benefit iPhone sales.
After a series of policy adjustments in two months, India has commenced the implementation of an import control system for computers, such as notebooks and tablets, and imports by more than 100 brands were reportedly authorized for at least a year.
As India is seeing a second wave of investments in handset and component manufacturing, Corning, the world's largest cover glass maker, formed a joint venture in India to get closer graphically to the world's second-largest handsets producer and smartphone market, likely to boost India's local value.
With Apple's earnings report on the horizon, the world's most valuable company has posted its financial results for its Indian operations. These results reflect impressive performance as Apple is scaling up its efforts in terms of production and selling in India.
Taiwan-based electric two-wheeler manufacturers have expanded to overseas markets like India and Southeast Asia. Aeon Motor and Gogoro recently announced their progress in localizing production in Vietnam and India, respectively. The expansion is expected to create more opportunities for the industry.
As Apple is expanding its iPhone supply chain in India and Wistron is diversifying into the more lucrative server business, Wistron announced a sale of its Indian facility to Tata Electronics, marking another milestone for India in the world's sophisticated Apple supply chain.
Following Nokia's decision to set up a 6G lab in India's southern state of Karnataka, Ericsson announced the set up of a 6G R&D center in another Indian southern state of Tamil Nadu, as India aims to catch up and lead in the global 6G race.
India approved an MoC with Japan for chip development. An Indian delegation visits Taiwan to attend annual bilateral meetings with government and industry leaders, seeking investments from Taiwan, including in semiconductors.
Open EV consortium MIH announced on October 26 that it will license the hardware and software platforms of Project X to commercial EV solutions provider M Mobility. MIH unveiled the concept car of Project X and secured a license partner within a short time, showing its ambition for commercialization.