India-based Polymatech acquired a US-based IC equipment supplier to build an integrated chipmaking business. Tata has begun building its first IC backend facility in Assam.
Indian opto-semiconductor maker acquires US-based IC equipment company
Indian opto-semiconductor supplier Polymatech has announced the acquisition of a US-based semiconductor equipment provider specializing in packaging and testing. This move is part of Polymatech's broader strategy to build an integrated chipmaking business that spans multiple sectors.
Tata breaks ground for its IC backend facility in India
Five months after receiving approval, Tata Electronics began building its first IC backend facility in Assam in eastern India, a milestone for the South Asian country on its way to building a local chipmaking ecosystem.
India's data center sector thrives as digital transactions skyrocket
India's shift to digital payments is driving a surge in data center demand. Companies like ESDS and Mega Networks are experiencing increased demand for their services, driven by higher transaction volumes and the need for enhanced security. As AI and data center technologies advance, the industry expects continued growth and innovation.
MediaTek eyes growth potential in India's automotive market
MediaTek, India's leading smartphone AP supplier, sees the country as a promising market for its automotive technology. The company focuses on providing scalable hardware and software solutions while prioritizing safety and reliability for the automotive sector.
Indian Motherson reportedly to form JV with BIEL in supplying iPhone glasses
India-based automotive component supplier Motherson Group is reportedly set to form a joint venture with Hong Kong-based BIEL Crystal Manufactory in Tamil Nadu, where Apple suppliers are clustered. This move marks another Indian conglomerate becoming a supplier for Apple, even as India remains cautious about Chinese investments.
India expected to see single-digit shipment growth in smartphones in festive season
As India approaches its annual festive season, which usually represents a substantial share of its smartphone sales, consultancies do not expect strong performance in 2024. While 5G smartphones are likely to see continued growth, consumer interest in AI smartphones may remain limited in the near future.
