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.
Two of the three chipmaking projects are expected to begin by mid-2024. Taiwanese firms expressed their cautiousness and optimism towards opportunities in India.
India has been trying hard to strengthen the development of its manufacturing industries since Prime Minister Narendra Modi took office in 2024, highlighted in its slogans ranging from "Make in India" to "Self-Reliant India." In particular, its promotion of ICT and automotive industries aligns with Taiwan's current industrial development trend, which will inevitably bring huge market opportunities for Taiwanese manufacturers if they can grasp the trend well.
Tata Electronics Private Limited (TEPL), a subsidiary of India's Tata Group, is planning to invest US$11 billion to establish India's first 12-inch semiconductor fabrication plant in Gujarat, a state along the western coast of India with the ninth largest population in the country. This marks a significant milestone for the "Make in India" initiative and opens many doors for further Taiwan-India collaboration in Taiwan's academia and industrial sectors.
Lenovo is optimistic about the Indian market and reiterates its commitment to Make in India. The company is a rare case among China-based technology firms operating in India without facing regulatory pressure.
Samsung Electronics is set to launch 83-inch OLED and 98-inch LCD TVs in the South Korean domestic market, and its highest-end Micro LED TV will also expand to emerging markets like Vietnam and India, accelerating the global deployment of its product lines. Meanwhile, LG Electronics is taking a dual-track approach with OLED and QNED TVs to compete in the high-end market.
Photomask specialist Taiwan Mask Corporation has announced plans to participate in optical components supplier TrueLight's private placement, with a total investment of around NT$410 million (US$13 million).
In a recently announced chipmaking project in India in partnership with India and Thailand-based companies, Renesas expressed cautiousness about the investments by starting with ATMP facilities.
According to the information released by National Taiwan University (NTU), a bachelor's degree program in semiconductor engineering lectured in English will be launched in the September semester of 2024. Though the tuition is estimated at NT$250,000 (US$7,918) per semester, or nearly US$16,000 a year, the 25 student seats in the program are already snapped up by the end of February.
James Wang, chairman of major network device manufacturer Sercomm, is expecting pandemic-related overbooking to persist into the first half of 2024, leading to continued inventory adjustment measures and negligible growth in the markets in Europe, North America, China, and Japan; India will be the only market to see marked growth.
Visual Capitalist has published a study that organizes the evolution of total economic output and GDP for various countries over the past 2,000 years. Using data estimated by the International Monetary Fund (IMF), the statistics show how human economic activity has evolved over the past 2,000 years.
Google reinstated apps temporarily delisted from Google Play in India after the Indian government decided to interfere, highlighting the years-long payment issue Google faced in India, its largest market outside the US.
Despite obstacles in expanding the Indian market, BYD, the world's largest NEV maker by sales, unveiled the third EV in India and is waiting for local certification for its previous EVs for further expansion.
Amid the global geopolitical tension and an indigenization endeavor, China has seen an outflow of investments in the chip packaging and test industry when a series of Taiwan-based companies sold their assets or operations in China. The business will likely witness a more diversified production as companies move away from China into Southeast and South Asia.
