India is estimated to require 1 million jobs in the semiconductor industry. India-based electronics manufacturers will likely benefit from President-Elect Donald Trump's return to the White House.
India to generate 1 million jobs in semiconductor industry
India's semiconductor manufacturing ecosystem is experiencing rapid growth, with projections indicating the creation of 1 million jobs across various segments. According to a report by talent solutions provider NLB Services cited by the Press Trust of India, 300,000 positions will emerge in foundry operations and 200,000 in Assembly, Testing, Marking, and Packaging (ATMP). The remaining positions will span chip design, software development, system circuits, and manufacturing supply chain management.
India-based Tessolve acquires German IC design house
Tessolve, an India-based semiconductor engineering firm owned by Hero, the world's largest two-wheeler brand, has acquired German-based IC design house Dream Chip Technologies. This acquisition marks a significant step in India's efforts to expand its in-house semiconductor capabilities in both design and production.
Apple expected to scale up iPhone production in India following Trump's win
Following Donald Trump's victory in the US presidential election and the possibility of a renewed US-China trade war, Indian officials believe Apple may scale up its manufacturing capacities in India to mitigate potential tariffs and avoid supply chain disruptions that could arise.
India-based PC contract manufacturers reportedly receive few-than-expected orders despite incentive scheme
The Indian government launched an incentive scheme to encourage local production of PCs and notebooks. However, most beneficiaries under the scheme are reportedly struggling to receive orders from PC brands.
Three Chinese solar firms accused of US$2.64 billion tax dodge in India
A trio of Chinese solar companies were found to have evaded taxes on approximately INR220 billion (US$2.64 billion) of profits earned from INR450 billion worth of solar product sales in India over the past decade.
Nokia and Dixon begins manufacturing fixed broadband devices in India
Dixon Electro and Nokia have officially launched the manufacturing of fixed broadband devices in India. The collaboration will focus on producing GPON, 5G FWA, and Mesh Wi-Fi devices, all capable of delivering up to one gigabit per second per home.
