Foxconn and HCL signed an MoU to form a joint venture into the OSAT sector, as manufacturers are capitalizing on the opportunity to have a presence in the Indian semiconductor ecosystem.
HCL, Foxconn form OSAT JV in India
According to Foxconn's corporate filings to the Taiwan exchange and statements from HCL and Foxconn to multiple media, HCL and Foxconn formed a joint venture to enter the OSAT sector in India. The duo reportedly preferred to set up a manufacturing facility in southern India.
Acer to increase production in India and Indonesia in bid for local market share
Andrew Hou, Acer's president of Pan-Asia Pacific operations, told DIGITIMES that the company would increase local manufacturing in India and Indonesia. For the Indian market, Acer plans to outsource the production of large smart displays and servers, while Indonesia will see a doubling of assembly capacity.
Despite government tussles, Chinese smartphones poised to dominate Indian market, say analysts
Although major China-based smartphone makers are facing challenges in India, DIGITIMES Asia reported that TechInsights analysts Abhilash Kumar and Neil Mawston believe China-based vendors are expected to experience a recovery in India.
Qualcomm to ramp up investments in India, help develop local semiconductor ecosystem
In 2024, one of Qualcomm India's top priorities is assisting companies of different scales in establishing semiconductor units, according to Savi Soin, the President of Qualcomm India, told MoneyControl. He also said Qualcomm Ventures is looking for more startup partners in India.
Samsung to make S24 series in India
According to PTI and the Economic Times, Raju Pullan, senior vice president for mobile business at Samsung India, said that the entire range of the Galaxy S24 series will be made in India and exported to other parts of the world.
