Xiaomi's India business faced a significant setback in the 2023 fiscal year, with both revenue and net profit experiencing steep declines. The company is now pinning its hopes on a newly unveiled 10-year plan to recapture its former market dominance in the region
Larsen & Toubro bought an IC design startup to enhance its IP and engineering capabilities in the semiconductor sector in a series of investments in and acquisitions of India-based chip startups
The Indian government is reportedly urging Apple to increase the range of products manufactured in the country, including iPads and Macs. According to a Money Control report citing unnamed sources, the government is encouraging Apple to produce these devices within the next two years. AirPods could potentially become the next Apple product made in India
To enhance corporate investment momentum in Taiwan and address talent shortages, Taiwan's National Development Council (NDC) said it is considering a system similar to Japan's "J-Skip" program, which allows those with a master's degree or higher, or advanced skills and a certain income level, to apply for permanent residency after just one year
As Xiaomi enters its 10th year in the Indian market, the company hopes to double its product shipments and expand local manufacturing to strengthen its presence in the market
As a global leader in ICT manufacturing, Hon Hai (Foxconn) has become a bellwether of relocation trends in the manufacturing industry, as its customers increasingly demand "China+1" and "Taiwan+1" production
When Raghu Panicker, the CEO of Kaynes Semicon (a 100% subsidiary of Kaynes Technology), decided it was time to fill more critical positions as his company expanded toward its goals in OSAT, his first inclination was to turn to traditional job platforms and campus connections
According to Business Standard, Japan-based Horiba, a major player in the global semiconductor industry, plans to establish a manufacturing facility in India. This plant will cater to the growing domestic market for chip fabrication, assembly, and testing, as well as for export
iVP Semi, an India-based IC design house, has recently been established and has secured US$5 million in pre-Series A funding. The startup plans to leverage this investment to establish a production testing facility in Chennai and another undisclosed location in South India
In a push to decarbonize, the Indian government is ramping up policy support for hydrogen-powered commercial vehicles. The National Green Hydrogen Mission aims to promote large-scale adoption of hydrogen technology across various sectors, including fiscal support for fuel cell vehicle (FCV) pilots targeting commercial buses and long-haul trucks
India is eager to build its AI capabilities under the IndiaAI Mission. Meanwhile, India's efforts to attract Tesla have hit another roadblock amid a slowing global EV market that may impact capital expenditures of EV makers
Google is gearing up to establish India as a key export hub for its Pixel smartphones targeting markets in Europe and the US, with the local production of Pixel smartphones to commence soon through Foxconn and Dixon subsidiary Padget Electronics
Foxconn's expansion of iPhone manufacturing in India is contrasting sharply with the challenges faced by its local subsidiary responsible for Android smartphone production. Bharat FIH, the Foxconn group's Indian arm, is reportedly grappling with a senior executive exodus and may close one of its two facilities
Ahead of the upcoming Union Budget 2024-2025, the Indian Cellular & Electronics Association (ICEA) is urging the Indian government to reduce import duties on electronics manufacturing inputs. They argue that current duties are too high and are hindering the growth of the mobile phone sector in India
