L&T is expanding its semiconductor business, which may go beyond IC design. Acer will leverage brand licensing to cultivate the Indian market and support the Make in India initiative.
L&T Semiconductor eyes mid-term GaN fab development
L&T Semiconductor Tech, a subsidiary of Indian conglomerate Larsen & Toubro, plans to focus on semiconductor IC design in its initial phase, followed by the development of a Gallium Nitride (GaN)/ Silicon Carbide (SiC) fabrication facility in the second phase.
Xiaomi profits in India fall by 77% amid fresh 10-year plan
Xiaomi saw its profits in India plunge to INR2.3863 billion (US$28.6 million) in fiscal 2023, down 77% year-on-year from INR10.577 billion (US$126.9 million) in fiscal 2022. Meanwhile, the company's revenue also fell by 32% from INR391 billion to INR266.97 billion for the corresponding period.
Acer partners with India-based Indkal for India smartphone market entry
Bengaluru-based Indkal Technologies has entered into a brand licensing agreement with Taiwan-based Acer to produce and sell Acer smartphones in India. As per the agreement, Indkal will handle the design, manufacturing, and distribution of Acer-branded smartphones, with the launch expected in the coming months. This collaboration marks Acer's entry into the highly competitive Indian smartphone market.
Acer to expand brand-licensing strategy and Indian market
Following the Acer-Indkal Technologies partnership in the smartphone market, Acer CEO Jason Chen clarified that Acer is not re-entering the smartphone market, adding that the partnership is a brand licensing agreement common among international business practices.
Apple reportedly found abusing its market position in India
A recent investigation by the Competition Commission of India (CCI) has found that Apple misused its market power when setting billing policies for app developers on its iOS platform, according to a report by Reuters on July 12.
Samsung leader prioritizes India with business trip and network building
Samsung Electronics chairman Lee Jae-yong's recent visit to India highlighted the country's growing importance for the tech giant. Lee's trip, from July 11 to 14, combined strategic business meetings with attendance at a high-profile wedding, marking a pivotal moment in Samsung's commitment to expanding its footprint in the rapidly growing Indian market.
India reportedly to speed up visa processing for Chinese technicians, clarify investment conditions
To expedite investments and establish a local electronics manufacturing ecosystem, India reportedly plans to speed up visa issuance for Chinese engineers and clarify the conditions under which Chinese investments will be allowed.
