Electric Vehicle (EV) manufacturer VinFast is undeterred by the global slowdown in EV growth and the company's underperformance in the US market, as it continues its expansion in Asia
After identifying 30 critical minerals essential for national security, India intensified its efforts to secure cobalt, given its increasing importance in the global shift towards EVs and green energy initiatives
India-based IT hardware companies and automakers are urging the Indian government to reconsider its anti-dumping duty on imported PCBs from China and Hong Kong, increasing their production costs and undermining their price competitiveness
China-based Vivo is set to open a large manufacturing facility in northern India. The company is reportedly looking for Indian partners to run the facility amid intensifying regulatory pressure from India against Chinese investors
India is expected to see surging infrastructure investments from global companies in the AI supply chain, as Microsoft, Amazon, and Nvidia are eyeing the opportunities brought by sovereign AI in India
The US and India announced fresh initiatives to enhance cooperation in semiconductors, AI, critical minerals, advanced telecommunications, and defense space, as the US is leading the charge to build a resilient supply chain that depends less on China
Hyundai Motor plans to list its Indian subsidiary to enhance its visibility and expand manufacturing capacities for EVs and SUVs in the world's third-largest car market after China and the US
Tata Group is reportedly in talks to acquire a significant stake in Vivo's Indian operations. This potential deal could position Tata as a major player in India's smartphone industry while helping Vivo navigate the evolving regulatory landscape
Dixon Technologies, an India-based EMS giant, unveiled its Capex plan for the next three years. Besides production expansion in mobile phones and display modules, the company plans to enter non-consumer electronics businesses, such as EV components
SEMI will hold its first SEMICON India, with Japan-based semiconductor equipment suppliers attending. An analyst believes the market lies in IC backend business rather than wafer fabs
India reportedly plans to continue its restrictive policy against Chinese investments as local manufacturers are hoping to leverage technological expertise from China to build a local supply chain. Taiwan also emerges as a choice for India as it looks to reduce its reliance on China
According to an official press release, Canon announced plans to strengthen its core businesses in India during a strategy meeting held in Mumbai on June 7. These core businesses include imaging, printing, and surveillance
