India achieved its highest-ever quarterly smartphone shipment value, driven by a premiumization trend that favored Samsung and Apple. MediaTek dominated the premium mobile AP market, expanding its lead over Qualcomm as major IC design houses entered a new wave of competition

Dixon Technologies, the largest India-based EMS/ODM, said it had bagged orders of four out of five top PC brands in India. The company is expanding its mobile phone manufacturing business with the acquisition of the Indian subsidiary of Transsion Group

Apple is reportedly starting the design and development of the iPhone 17 in India, a significant milestone for the made-in-India iPhones. This shift coincides with rumors of a surge in export values for iPhones produced in India between April and September, indicating an accelerated pace of Apple's supply chain development

Sasken Technologies has taken a significant step forward in the automotive cybersecurity landscape through its recent partnership with Trustonic. This collaboration marks a new chapter in Sasken's efforts to offer advanced security solutions for automotive original equipment manufacturers (OEMs)

Hyundai Motor's Indian subsidiary (HMIL) has officially listed in India, raising US$3.3 billion in the country's largest IPO to date. Hyundai plans to leverage India's position as the world's third-largest automotive market to establish it as a strategic export hub, targeting emerging markets such as Southeast Asia

As the US persists with its chip restrictions on China, global semiconductor firms are increasingly eyeing India as a prime investment destination. Capitalizing on this trend, India is actively working to attract foreign investments. Amid this backdrop, there is heightened speculation regarding whether South Korean semiconductor giants Samsung Electronics and SK Hynix will join in this investment wave

On October 24, Foxconn's Indian subsidiary, Foxconn Hon Hai Technology India Mega Development Private Limited, announced a transaction with Apple Operations Limited to acquire a batch of machinery and equipment. The total transaction amount is US$31.8045 million. Supply chain sources indicate that this acquisition is aimed at preparing for the continued expansion of production capacity in India

Nvidia CEO Jensen Huang urges India to be an AI manufacturing powerhouse as well as an exporter. Foxconn procured equipment from Apple amid global production relocation

Garmin aims for double-digit growth in India, where rising health consciousness presents new opportunities despite fierce competition from local brands and Chinese smartphone makers

Apple is expanding its manufacturing capabilities in India. Foxconn is acquiring equipment for its Indian subsidiary, and Apple is actively searching for more local suppliers. Additionally, the company is increasing its hiring efforts as it plans to open more stores across the country

Nvidia CEO Jensen Huang addressed the Nvidia AI Summit India on October 24, expressing the company's optimism about the lucrative AI opportunities in India, both in terms of supply and demand. He underscored Nvidia's commitment to harnessing the country's capabilities and ambitions to advance its own AI initiatives and establish itself as a leading exporter of AI technology

Zomato's second-quarter financial results surpassed market expectations, driven by robust revenue growth across segments and improved profitability. However, analysts warn that the company's aggressive expansion plans and quick commerce investments could pressure margins in coming quarters

India-based electronics manufacturer VVDN, known for producing servers and notebooks for global brands, is now expanding into smartphone manufacturing. The company aims to develop products for a U.S.-based brand, marking a significant expansion of its manufacturing capabilities and product offerings

While the global smartphone market continues to grapple with excess inventories, smartphone shipments in India grew by 9% compared to the same period last year. However, the industry still faces challenges related to inflation and weak demand

Jensen Huang, Nvidia's CEO, is scheduled to hold the Nvidia AI Summit India from October 23 to 25, marking his second visit to the country in about 13 months. This visit aims to capitalize on India's rapidly growing AI business opportunities, especially as Nvidia faces challenges in seizing opportunities in China due to escalating US-China geopolitical tensions