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Tuesday 19 November 2024
Foxconn revises recruitment ads in India after discrimination allegations
Following reports about Foxconn's alleged recruitment practices in India, which excluded married women, the company reportedly has requested third-party human resources firms to stop referencing marital status, age, and gender in recruitment advertisements. Additionally, Foxconn decided to no longer use its name in these ads to avoid negative publicity
Tuesday 19 November 2024
India's wearable market experiences consecutive shipment declines
India, once the world's fastest-growing wearable market, saw a substantial fall in shipments for two quarters in a row as vendors reduced product launches and maintained cautious inventory policies
Monday 18 November 2024
India roundup: India to generate 1 million jobs in semiconductor industry
India is estimated to require 1 million jobs in the semiconductor industry. India-based electronics manufacturers will likely benefit from President-Elect Donald Trump's return to the White House
Monday 18 November 2024
Tata reportedly closes deal to acquire majority stake in Pegatron's iPhone-making facility in India
Tata Electronics has reportedly agreed to acquire a majority stake in Pegatron's iPhone manufacturing facility in India. This move is part of Apple's suppliers' efforts to prepare for potential changes in the global supply chain following Donald Trump's win in the US presidential election. Concerns about possible disruptions have led companies to strategically adjust their operations to mitigate any negative effects
Monday 18 November 2024
iPhone breaks record quarterly shipments in India in 3Q24
Smartphone vendors in India recorded a 5.6% shipment growth in the third quarter of 2024, with the iPhone reaching a record shipment of four million units. However, overall smartphone shipments in India are expected to experience only limited growth throughout 2024
Monday 18 November 2024
India reportedly plans import curbs on PC and notebook hardware to boost local manufacturing in 2025
Despite existing incentives for local IT hardware production, India is reportedly planning to introduce stricter policies requiring PC and notebook manufacturers to reduce imports and increase domestic manufacturing
Thursday 14 November 2024
Three Chinese solar firms accused of US$2.64 billion tax dodge in India
Three Chinese solar companies were found to have evaded taxes on approximately INR220 billion (US$2.64 billion) of profits earned from INR450 billion worth of solar product sales in India over the past decade
Thursday 14 November 2024
Zeiss opens first global capability center in India
German optics giant Carl Zeiss AG has signaled a major commitment to India by opening its first global capability center (GCC) in Bengaluru and announcing plans to double its local workforce to 5,000 within three years. This move signifies India's growing importance as a strategic hub for global corporations, transcending its traditional role as an outsourcing destination, according to Reuters and Heis Online
Thursday 14 November 2024
India to generate 1 million jobs in semiconductor industry
India's semiconductor manufacturing ecosystem is experiencing rapid growth, with projections indicating the creation of 1 million jobs across various segments. According to a report by talent solutions provider NLB Services cited by the Press Trust of India, 300,000 positions will emerge in foundry operations and 200,000 in Assembly, Testing, Marking, and Packaging (ATMP). The remaining positions will span chip design, software development, system circuits, and manufacturing supply chain management
Wednesday 13 November 2024
Nokia and Dixon begins manufacturing fixed broadband devices in India
Dixon Electro and Nokia have officially launched the manufacturing of fixed broadband devices in India. The collaboration will focus on producing GPON, 5G FWA, and Mesh Wi-Fi devices, all capable of delivering up to one gigabit per second per home
Wednesday 13 November 2024
Apple expected to scale up iPhone production in India following Trump win
Following Donald Trump's victory in the US presidential election and the possibility of a renewed US-China trade war, Indian officials believe Apple may scale up its manufacturing capacities in India to mitigate potential tariffs and avoid supply chain disruptions that could arise
Tuesday 12 November 2024
India-based PC contract manufacturers reportedly receive few-than-expected orders despite incentive scheme
The Indian government launched an incentive scheme to encourage local production of PCs and notebooks. However, most beneficiaries under the scheme are reportedly struggling to receive orders from PC brands
Monday 11 November 2024
India-based Tessolve acquires German IC design house
Tessolve, an India-based semiconductor engineering firm owned by Hero, the world's largest two-wheeler brand, has acquired German-based IC design house Dream Chip Technologies. This acquisition marks a significant step in India's efforts to expand its in-house semiconductor capabilities in both design and production
Monday 11 November 2024
India roundup: Trump's return expected to boost India's 2025 manufacturing prospects
The US presidential election results are expected to accelerate global supply chain relocation, benefiting India. India-based Sahasra Semiconductor is stepping up the talent hunt for its semiconductor business
Monday 11 November 2024
Tata in talks with Singapore for semiconductor cooperation
During a visit to India, a senior Singapore government official confirmed ongoing discussions with India's Tata Group regarding semiconductor development cooperation. This initiative aligns with India's broader strategy to forge international partnerships to strengthen its semiconductor ecosystem
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