Two of the three chipmaking projects are expected to begin by mid-2024. Taiwanese firms expressed their cautiousness and optimism towards opportunities in India.
Tata fab in India to begin construction in mid-March, says PSMC chairperson
PSMC chairperson Frank Huang told Taiwanese media that the company did not decide on the wafer fab project in India until President Tsai Ing-wen expressed her expectation that PSMC can act as the vanguard of Taiwan-based companies' investments in India, adding that the wafer fab in corporation with Tata will begin construction on March 12.
CG-Renesas ATMP project in India to commence construction in mid-2024
According to reports from Nikkei, Nikkan Kogyo, and Renesas's official website, Renesas ATMP facility, in partnership with India-based CG Power and Thailand-based Stars Microelectronics, is expected to commence construction in June 2024, with a planned daily production capacity of 15 million units. The facility will make chips for automotive, IoT, and 5G applications using mature packaging technologies like GFN and QFP and advanced packaging technology like FC-BGA and FC-CSP.
Foundry execs unsure about India's IC manufacturing ambitions
Despite a series of incoming chipmaking investments in India, leaders of Taiwan-based chipmakers expressed concerns about establishing fabs overseas, including India.
India's ICT and EV manufacturing boom promises huge opportunities for Taiwanese industrial players
While India's electronics manufacturing output may not be a major player globally in terms of output value, the Indian market's rapid growth makes it very attractive to manufacturing investments, according to Tom Lo, senior analyst and deputy director at DIGITIMES Research. In particular, the booming Indian mobile phone industry has attracted numerous local Electronics Manufacturing Services (EMS) providers and international players. This has led to India's handset production nearly meeting domestic demand, with the potential for future export growth, Lo said.
India tightens grip on generative AI platforms
The Indian government issued an advisory to major AI platforms, requiring their generative AI offering to obtain approval before launching in India and provide labeling and traceability to the generated content.
Apple's reliance on iPhone in India increases as other products witness sales fall
According to the Economic Times, Apple is expected to generate over 90% of its sales in India from the iPhone business, as its smartphone sales surged in the current fiscal year and other products recorded only a slight growth, even a decline in sales.
