India has hit roadblocks in its efforts to build a local display fab. The country is reportedly considering fresh incentives for electronics manufacturers.
India's display fab dream: big potential, bigger challenges
India aims to establish a competitive display fabrication industry amidst soaring global demand. While progress in silicon semiconductor fabs is evident, experts like Danish Faruqui of Fab Economics highlight unique challenges in display manufacturing, such as high CAPEX and limited subsidy eligibility.
Faruqui stresses the need for a tailored policy to address gaps in the materials, equipment, and workforce sectors. With global competition from China, South Korea, and Japan, India must act strategically. The stakes include economic growth, national security, and reducing import reliance. A skilled workforce and comprehensive policies are critical to positioning India as a key player in the global display market.
India reportedly to announce US$3 billion incentive scheme to boost electronics manufacturing, benefitting Apple
Amid potential tariff hikes by the upcoming US administration, which may disrupt the global supply chain and once again benefit India, the Indian government reportedly plans another incentive scheme to boost the development of a local electronics manufacturing ecosystem.
Tata Electronics secures Pegatron India acquisition as Apple accelerates production relocation ahead of Trump 2.0
As the world witnesses the rapid shift in global supply chains triggered by the impending commencement of Donald Trump's second term, India has taken a significant step by approving Tata Electronics' acquisition of Pegatron India. This move comes in response to concerns that the relocation of Apple's supply chain to India has been progressing at a sluggish pace.
Microsoft announces record US$3 billion India AI investment
Amid growing investments in India's AI sector, Microsoft has announced plans to invest US$3 billion in the country. This substantial investment aims to enhance AI capabilities and expand the reach of Azure services across India.
Foxconn and Dixon reportedly urge Indian government to deliver promised subsidies after meeting production targets
Foxconn and Dixon Technologies are requesting billions of rupees in subsidies from the Indian government under the Production Linked Incentive (PLI) scheme for large-scale electronics manufacturing. Although the Indian government promised INR410 billion (approx. US$4.78 billion) in subsidies, some funds remain unallocated because certain companies did not meet the projected production targets. Foxconn and Dixon claim they are entitled to a share of these remaining funds.
NXP expects India to account for 8-10% of total revenue
After pledging a substantial investment of US$1 billion in India, a nation with an ambitious strategy to develop a robust local electronics and semiconductor industry, NXP Semiconductors anticipates that India will contribute 8-10% to its global revenue. This move is part of the company's broader effort to lessen its dependence on China, where it encounters fierce competition.
Premium shift and rising ASP drives India's smartphone market toward projected US$50 billion in 2025
According to Counterpoint Research, the value of India's smartphone market is expected to surge from US$37.9 billion in 2024 to US$50 billion in 2025, driven by the ongoing premiumization trend. This growth will push the average selling price (ASP) past US$300 for the first time in 2025.