India has announced several AI policies in just a few days, indicating its urgent pursuit of AI. While multinational companies have opportunities to seize infrastructure business opportunities, they may face obstacles when promoting Generative AI (GenAI).
Tata Motors released a statement announcing an MoU signed with the government of Tamil Nadu, a southern state in India, to invest INR90 billion to set up a vehicle manufacturing facility in the southern Indian state, generating up to 5,000 jobs. The investment will spread over five years.
With the technology support from PSMC, Tata's wafer foundry, the first commercial fab in over three decades, is expected to be operational by the end of 2026, according to PSMC chairman.
The shipping industry, passenger or cargo, has slowly recovered to pre-COVID-19 levels. It is worth noting that since air cargo capacities were booked up by e-commerce demand, failing to make appropriate adjustments in shipping components by air for regional production schedules may result in a breaking point in the supply chain.
Recently, India approved three proposals to set up wafer fabs and ATMP/OSAT facilities. However, India has yet to clear Tower Semiconductor's proposal, reportedly due to legal entanglements between the company and its joint venture partner.
India-based Kaynes Semicon is reportedly evaluating moving its OSAT facility from southern India to western India, as an increasing number of chip projects are looking to be established in the western state of Gujarat, potentially positioning the state as India's first chip hub.
India, which provides 20% of talent in the chip design sector, will likely experience a talent shortage as the country strives to develop a self-reliant semiconductor ecosystem.
India's ASIP Technologies, which has partnered with the South Korean company APACT, has said it is close to receiving government approvals for its OSAT facility. This comes after the Indian government recently approved OSAT projects from Tata and CG Power and Industrial Solutions.
After India approved three chip projects to develop a local chipmaking ecosystem, an Indian government official disclosed the country is likely to see at least 2-3 wafer fabs and three ATMP/OSAT facilities in the coming years.
India has experienced a significant increase in production and exports within the mobile phone manufacturing sector, positioning it as the second-largest producer and the fifth-largest exporter globally.
Amidst the ongoing tensions between the United States and China, more brands, including tech giant Apple, are eyeing India's promising economic growth and demographic distribution as a potential destination for their supply chains.
US-based semiconductor equipment manufacturer, Applied Materials, inaugurated a validation center in India, the first commercial facility to process 300mm wafers in the country.
The Indian government approved the INR103.7192 billion AI Mission to foster India's Artificial Intelligence (AI) ecosystem and catch up with leading countries in AI.
