The number of chipmaking projects in India that qualify for the country’s incentive policy has increased to ten, following the approval of four new initiatives. Concurrently, India and China appear to be reducing tensions against the backdrop of a recently imposed 50% tariff by the United States on Indian goods.
India approves four chip projects under ISM
India has approved four additional semiconductor projects under the India Semiconductor Mission (ISM), further strengthening the country's semiconductor manufacturing ecosystem. These projects bring the total number of approved initiatives to ten, involving cumulative investments of approximately INR1.60 trillion (approx. US$18.27 billion) across six states.
India, China signal diplomatic thaw as US tariff pressure mounts
India and China are edging toward a diplomatic thaw, just weeks after US President Donald Trump doubled tariffs on Indian goods to 50%. New Delhi and Beijing are rolling out trade, travel, and investment gestures that hint at a strategic recalibration amid mounting American trade pressure.
South Korean equipment makers eye entry into India battery manufacturing
South Korean battery equipment manufacturers are positioning themselves to benefit from India's accelerating push into advanced battery production, with Tata Group's battery subsidiary Agratas emerging as a major potential customer.
iPhone shipment rises as India's budget smartphone market contracts
India's smartphone market is undergoing premiumization, with rising average selling prices driving growth in mid- and high-end segments. This shift boosts brands like Apple, which sees strong double-digit gains, but challenges budget-focused players as overall market growth slows amid subdued demand and inflationary pressures.
Optiemus, Corning launch India's first premium BIS-certified tempered glass brand
India-based electronics manufacturer Optiemus Infracom has partnered with US-based glass maker Corning to launch India's first premium tempered glass screen protector brand, "RhinoTech." The protectors, engineered with Corning glass and manufactured in Noida, Uttar Pradesh, are expected to generate INR18–20 billion in revenue for Optiemus by the end of fiscal 2027.
India's first AI unicorn files for IPO amid the country's booming AI sector
Fractal Analytics, an India-based artificial intelligence (AI) and analytics services provider, has filed for an initial public offering (IPO) in Mumbai that could value the company at over US$3.5 billion.
Acer India targets US$1B revenue, expands local manufacturing and retail network
Acer's India division expects to cross US$1 billion in revenue by the end of 2025, driven by robust sales of notebook laptops and aggressive manufacturing expansion. President and managing director Harish Kohli told Hindu Business Line that the company's topline growth has been fueled by a sharp rise in consumer notebook market share—from 5.5% to over 18% in the past two years—thanks to locally tailored products under the Make in India initiative.
Article edited by Jerry Chen
