As the US persists with its chip restrictions on China, global semiconductor firms are increasingly eyeing India as a prime investment destination. Capitalizing on this trend, India is actively working to attract foreign investments. Amid this backdrop, there is heightened speculation regarding whether South Korean semiconductor giants Samsung Electronics and SK Hynix will join in this investment wave

On October 24, Foxconn's Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, announced a transaction with Apple Operations Limited to acquire a batch of machinery and equipment. The total transaction amount is US$31.8045 million. Supply chain sources indicate that this acquisition is aimed at preparing for the continued expansion of production capacity in India

Nvidia CEO Jensen Huang urges India to be an AI manufacturing powerhouse as well as an exporter. Foxconn procured equipment from Apple amid global production relocation

Garmin aims for double-digit growth in India, where rising health consciousness presents new opportunities despite fierce competition from local brands and Chinese smartphone makers

Apple is expanding its manufacturing capabilities in India. Foxconn is acquiring equipment for its Indian subsidiary, and Apple is actively searching for more local suppliers. Additionally, the company is increasing its hiring efforts as it plans to open more stores across the country

Nvidia CEO Jensen Huang addressed the Nvidia AI Summit India on October 24, expressing the company's optimism about the lucrative AI opportunities in India, both in terms of supply and demand. He underscored Nvidia's commitment to harnessing the country's capabilities and ambitions to advance its own AI initiatives and establish itself as a leading exporter of AI technology

Zomato's second-quarter financial results surpassed market expectations, driven by robust revenue growth across segments and improved profitability. However, analysts warn that the company's aggressive expansion plans and quick commerce investments could pressure margins in coming quarters

India-based electronics manufacturer VVDN, known for producing servers and notebooks for global brands, is now expanding into smartphone manufacturing. The company aims to develop products for a U.S.-based brand, marking a significant expansion of its manufacturing capabilities and product offerings

While the global smartphone market continues to grapple with excess inventories, smartphone shipments in India grew by 9% compared to the same period last year. However, the industry still faces challenges related to inflation and weak demand

Jensen Huang, Nvidia's CEO, is scheduled to hold the Nvidia AI Summit India from October 23 to 25, marking his second visit to the country in about 13 months. This visit aims to capitalize on India's rapidly growing AI business opportunities, especially as Nvidia faces challenges in seizing opportunities in China due to escalating US-China geopolitical tensions

Nvidia CEO Jensen Huang is set to visit India later this week, where the GPU and AI chip design company reportedly plans to co-develop a chip, capitalizing on the country's abundant talent pool and vast market potential

As India attempts to become a key player in the global semiconductor industry, comparisons with China's well-established sector are inevitable. While China has dominated semiconductor manufacturing for decades, India is now shaping its path with ambitious policies and investments to build domestic capacity

US-based firm Analog Devices says they consider India a crucial center for its R&D efforts, acknowledging the country as a source of engineering talent and a growing market opportunity

India reportedly intends to restrict imports of notebooks, tablets, and personal computers starting in January 2025 to promote domestic manufacturing. The proposed measures include a new authorization system and quality standards, which may face resistance from industry stakeholders. Among major brands, Apple is expected to be the most affected by this policy

Samsung workers ended their month-long strike in Tamil Nadu. The Indian Mobile Congress highlighted the country's emerging status in the global mobile phone supply chain