India's incentive policy reportedly cannot make up for the disadvantage cost gap for making in India. India's homegrown chipmakers announced developments for the past few weeks.
Apple reportedly absorbs rising costs for making iPhone 15 in India
Business Standard quoted sources saying that despite the PLI scheme for handset manufacturing and local production of iPhones, Apple faced higher costs in India due to import duties on components and distribution costs. Still, Apple and its suppliers in India decided to absorb the rising costs.
CDIL becomes India's first SiC device producer
Continental Device India inaugurated an SMT line for discrete SiC devices, becoming India's first company to produce the product that sees increasing demand in automotive and power applications.
Polymatech Electronics expected to be India's first chipmaker to go public
Polymatech submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India on September 29, looking to raise INR7.5 billion (US$90.12 million) through an IPO, with INR5.6 billion used to purchase new machinery to invest its existing facility in Tamil Nadu.
Korea-based IT companies up investment in Vietnam and India amid geopolitical tensions, says DIGITIMES Research
DIGITIMES Research analyst Yen Chou observed that the investments by South Korean manufacturers of electronics components, computers, imaging devices, and base station equipment in Vietnam and India is ongoing, with their expansion in India showing steady growth since 2019.
Nokia sets up 6G lab in India
Nokia released a press release saying that it had established a 6G lab at its global R&D center in Bangalore, India, adding that the lab would research the "Network as a Sensor" technology that enables the network to sense objects, people, and movement without on-board sensors. The technology supports the vision of bridging the digital and physical worlds.
