As Trump imposes a 27% reciprocal tariff against India on top of a 10% baseline duty, India launches an electronics component manufacturing incentive scheme, and Foxconn continues to buy production equipment from Apple for its Indian operations.
Foxconn buys Apple equipment as production ramps up in India
Foxconn revealed that its Indian subsidiary will procure equipment from Apple's subsidiary, signaling an expansion of Apple product production in India, which is rapidly emerging as a key manufacturing hub for the company.
Foxconn reportedly to double iPhone manufacturing in India
Foxconn reportedly plans to double iPhone production in India by 2025, aiming to produce 25-30 million units annually. This expansion, driven by Apple's diversification strategy and Indian government incentives, marks a significant shift in global iPhone manufacturing.
Tata Electronics appoints semiconductor veteran KC Ang to lead manufacturing push in India
Tata Electronics has made a significant move to bolster its semiconductor manufacturing ambitions by appointing industry veteran KC Ang as President and Head of Tata Semiconductor Manufacturing. With over three decades of experience in the semiconductor sector, Ang will assume his new role in 2024, reporting directly to Tata Electronics CEO Randhir Thakur, according to the Economic Times and Mint.
India launches electronics component incentive scheme
India is extending its push for electronics self-reliance beyond finished goods, approving a US$2.68 billion scheme targeting component manufacturing. This initiative aims to close a significant import gap, offering tailored incentives to boost domestic production and integrate India into the global electronics supply chain, addressing a critical need alongside existing Production-Linked Incentive (PLI) efforts.
Dixon Technologies expands India EMS footprint with Signify deal
Dixon Technologies is rapidly solidifying its position in India's electronics manufacturing services (EMS) sector. Recent joint ventures with Signify and Vivo, alongside acquisitions like Ismartu, demonstrate Dixon's aggressive expansion strategy. These moves, coupled with its focus on "Make in India," are driving its growth across diverse electronics manufacturing.
Kaynes Semicon plans to package chips in India by July, highlighting Micron's delayed ATMP plant
A senior executive from Kaynes Semicon revealed plans for the company to become the first in India to package chips by July, noting the delay in Micron's ATMP project.
BYD evaluates Telangana for EV manufacturing unit amid thawing India-China ties
Chinese electric vehicle (EV) manufacturer BYD is considering establishing an electric car manufacturing unit near Hyderabad, which would make Telangana the first Indian state to host a BYD factory. The company has engaged in extensive discussions with the state government and is assessing three proposed locations before finalizing a site and signing an agreement, reports ETV Bharat, Business Standard, and the Times of India.
Article edited by Jack Wu
