India's rising imports of chips comes with an increasing reliance on China. In addition to semiconductors, India is pursuing AI self-reliance.
India reports surging chip imports with rising reliance on China
India's semiconductor imports have continued to rise as the nation works to establish its electronics manufacturing supply chain. This increase in chip imports is accompanied by a growing reliance on China. To reduce dependency and mitigate potential risks, India has launched various initiatives aimed at diversifying its supply sources.
India's AI ambitions take shape with a sovereign ecosystem
India is actively pursuing AI self-reliance to strengthen its technological capabilities and global competitiveness. The country is investing in AI supercomputers, developing indigenous LLMs, and building a robust AI infrastructure. While challenges remain, India's commitment to AI and its collaborative approach involving government, academia, and industry are poised to shape the future of AI in India.
Xiaomi targets premium market as leadership shifts amid smartphone slump in India
Xiaomi India is undergoing significant leadership changes while steering its strategy toward the premium market segment. During a recent media event, senior executives outlined the company's plans to introduce high-end smartphones and expand its IoT product portfolio, though they confirmed no immediate plans for EV launches in India.
Tesla reportedly rekindles India dreams, resumes showroom search
Tesla has reportedly rekindled its interest in the Indian market by resuming its search for showroom space in New Delhi. Having paused its investment plans earlier this year, the electric vehicle giant is currently in early-stage talks with DLF to secure prime locations in the capital region.
Tex Year expects strong growth in 2024 through India expansion, surging green materials demands
Tex Year Industries is set to deliver strong operational results in 2024, with positive momentum expected to continue into the first half of 2025. Company chairman and CEO Donald Hsiao cited market stability and highlighted the upcoming launch of a new production line in India scheduled for 2025. Despite challenges from exchange rates, interest rates, and geopolitical uncertainties, the company maintains an optimistic outlook across its key markets in China, ASEAN, the Americas, and Europe.
