SoftBank, which has stakes in numerous Indian unicorns, focuses on tapping into India's potential in the AI era. Nationally, India may introduce another incentive to support local electronics manufacturers. An area Apple is currently scouting for.
SoftBank CEO reportedly visits India to harness AI potential
SoftBank CEO Masayoshi Son has visited India for discussions with Prime Minister Narendra Modi and prominent startup leaders, focusing on artificial intelligence development and implementation strategies.
India reportedly to offer US$5 billion incentive to boost electronics manufacturing
India is preparing to roll out a new set of incentives worth up to US$5 billion, aiming to encourage companies to manufacture electronic components domestically. Designed by India's electronics ministry, this initiative targets the production of parts for various gadgets, ranging from mobile phones to laptops. This move is part of India's broader strategy to strengthen its electronics industry and reduce dependency on Chinese imports.
Apple reportedly scouting Indian manufacturer partners to reduce reliance on China
Apple is actively pursuing partnerships with Indian manufacturers to establish a local supply chain beyond iPhone production, potentially including components for wearables and other devices, as its China-based suppliers show reluctance to invest in India.
India reportedly decides to proceed with antitrust investigation against Apple
Apple's attempt to delay a report indicating it violated competition laws in India has been denied by the nation's antitrust authority, the Competition Commission of India (CCI), according to Reuters, which cited an internal order from the regulator. The decision permits the proceedings against Apple to advance.
India antitrust regulator greenlights Alphabet's investment in Flipkart
According to a press release published by the Press Information Bureau of India, the Competition Commission of India (CCI) has greenlit a significant transaction involving the investment in Flipkart Private by Alphabet-owned Shoreline International Holdings. This development marks an important step for Flipkart, a subsidiary of retail giant Walmart, as it continues expanding its presence in the Indian e-commerce sector.
India PC market on recovery path despite slight shipment growth in 3Q24
As India entered its annual festive season, PC shipments experienced slight growth despite a weak consumer market. Acer achieved double-digit growth, driven by strong education and other industries' demand.
