As India's semiconductor ecosystem is growing, Microchip announced fresh investments in India to expand its operations. HPE will partner with India-based VVDN to make high-end servers in India.
Amid India's government scrutiny, Xiaomi was reportedly reducing its headcounts in India and shifted most of its decisions to its parent company in China. Vedanta continued its foray in the semiconductor and display manufacturing despite a slower-than-expected approval process.
US-based tech giants announced a flurry of investments, especially in the semiconductors that will boost India's semiconductor ecosystem as the US is looking to help India develop its manufacturing ecosystem to de-risk their reliance on China.
As India leaps frog in mobile phone manufacturing, Chinese smartphone manufacturers, already under regulatory scrutiny, were reportedly asked by India to be more Indian. Meanwhile, besides mobile phone manufacturing, Foxconn reportedly begins its EV forays in India.
A report by Google, Bain & Co, and Temasek forecasts India's internet economy to reach US$1 trillion by 2030. India may offer more incentives to encourage local production of energy storage.
The government of Karnataka said that Foxconn will beginning making iPhones in the state in 2024. Xiaomi will expand local sourcing for its smartphones and wearable devices to regain its leadership in India.
Tata is reportedly looking to expand its electronics manufacturing investments. Tesla is interested in making EVs in India but has not made any firm commitment.
Global manufacturers such as Foxconn, Cisco, and Hyundai are expanding their manufacturing capabilities in India. India's local opto-semiconductor maker introduced sapphire substrates to meet local LED demand.
India has seen its number of industrial robots installed rise by over 50% during Indian PM Narendra Modi's "Make in India" campaign, while Apple is relatively resilient in India's declining smartphone shipments.
As Apple suppliers expand investments in India, Wistron is reportedly winding down its operations there. Micron is also reportedly applying for India's semiconductor fab incentive scheme.
Apple CEO inaugurated retail stores in India, eyeing India's huge and rapidly-increasing market. Foxconn acquired land in Telangana to expand its Indian investments.
As India is waiting for the first two Apple Stores to be opened in India this week, it is estimated that Apple has become India's largest mobile phone exporter in India.
Apple is reportedly eyeing to build India a major iPhone production hub. India's electronics manufacturers are emerging with the developing manufacturing ecosystem.
iPhone manufacturers, such as Foxconn and Wistron, are expanding their production capacity in India, and India-based EMS giant Dixon plans to increase their mobile phone exports.