Taiwan and India are deepening their industrial ties as Foxconn, Inventec, Phison, and Sino-American Silicon expand their India investments; however, TSMC had previously turned down India's offer to set up a wafer fab there.
TSMC says no to Singapore, India, and Qatar—here's why it matters
As semiconductors evolve into critical assets for national security and sovereign AI ambitions intensify, TSMC has emerged as a strategic lynchpin in the global chip race. While the company is advancing capacity plans in Taiwan, the US, Japan, and Germany, supply chain sources indicate that India, Singapore, and Qatar have also lobbied to host new fabs—requests TSMC has ultimately declined.
Foxconn injects US$1.5 billion into Indian subsidiary amid Apple diversification
Foxconn Singapore Pte Ltd, a subsidiary of Foxconn, has announced a capital injection into its Indian subsidiary, Yuzhan Technology (India) Private Limited, as part of a long-term investment strategy. According to a corporate filing with the Taiwan Stock Exchange on May 19, Foxconn Singapore purchased 9,999 shares at INR10 (approx. US$0.12) each, totaling INR99,990. Additionally, it injected fresh capital through a significant cash increase, subscribing to approximately 12.77 billion new shares at the same unit price. The investment amounted to US$1.489 billion, equivalent to around INR127.74 billion.
From exit to OSAT: Foxconn's WLP comeback in Indian semiconductors
India has approved a US$435 million chip packaging plant by HCL and Foxconn near Jewar airport in Uttar Pradesh. Set to begin production in 2027, the facility will produce 36 million display driver chips annually using wafer-level packaging (WLP)—a first for India. Experts see this as a milestone in India's move toward advanced semiconductor packaging, though questions remain over technology sourcing and the joint venture's ability to scale rapidly and reliably.
India and Taiwan court deeper ties with state-led investment push
The India Taipei Association, Taiwan's Ministry of Economic Affairs, and the Industrial Technology Research Institute held the "Taiwan-India Investment Strategy Partnership Forum" in Taipei on May 21. The event featured the largest Indian state government delegation ever to visit Taiwan, led by senior officials. It focused on strengthening economic ties and supporting India's push to attract foreign direct investment for its next decade of growth.
Phison builds NAND stockpile, accelerates three-pronged AI storage push in SEA and India
Phison Electronics Corp. expects robust growth in the second half of 2025, driven by tighter NAND flash supply and surging demand for its controller chips. The easing of US-China trade tensions and recent tariff reductions between the world's two largest economies have spurred system vendors to accelerate orders and shipments, particularly in May and June.
Sino-American Silicon enters Indian solar market with Premier Energies venture
Sino-American Silicon Products Group has formed a joint venture with India's Premier Energies to produce silicon wafers for solar cells in India, acquiring a 26% stake in the new entity, according to a company statement Monday.
Dixon deepens component play, eyes revenue boost from Inventec JV
Dixon Technologies is scaling long-term growth through deeper component integration and a strategic joint venture (JV) with Inventec, targeting INR20 billion (approx. US$233.7 million) revenue in two years. Backed by surging smartphone exports and robust IT hardware demand, the company is reducing PLI reliance while expanding manufacturing capacity and localization across key electronics segments.
Article edited by Jack Wu
