India's PC market experienced its fourth consecutive quarter of growth in the second quarter of 2024, with shipments rising by 7.1% year-on-year. The introduction of AI PCs is anticipated to drive demand growth further in the market
India has initiated the bidding process for its AI Mission, requiring data centers and cloud providers to form partnerships to supply AI resources, such as GPUs, to academia, startups, and government agencies at competitive prices. Reports suggest that only Indian companies will be eligible to participate in the GPU procurement and service provision process
L&T Semiconductor Technologies is on its way to bag IC design orders in the booming Indian semiconductor market. India's wearable shipments fell for the first time amid a lack of innovation
Following a meeting with Indian Prime Minister Narendra Modi, Foxconn's chairman, Young Liu, inaugurated a women-only residential complex for nearly 20,000 employees and announced plans to advance the company's 3+3 strategy in India
Japan-based semiconductor equipment supplier Disco plans to establish its presence in India, as India plans to build a chipmaking ecosystem amid the global diversification in semiconductors
L&T Semiconductor Technologies, an Indian startup set up less than a year ago, expects to begin developing chips for six automobile companies and eventually venture into the chipmaking business
India's smartphone market experienced a 7.2% shipment growth during the first half of 2024. However, as premiumization continues, consumer demand is expected to remain constrained
Ola Electric, which just went public in early August, released its first financial results after IPO, with gross margin improving despite larger losses
As Foxconn revealed its second-quarter results in Taiwan on August 14, its chairman, Young Liu, visited India to meet with Indian Prime Minister Narendra Modi for the second time in about a year
India's antitrust regulator will withdraw a report that found Apple Inc. abused its dominance of the domestic market, backtracking for now from its high-profile investigation into the US company
Last week, India's startup ecosystem reached another milestone as EV company Ola went public, joining the ranks of several other firms that have made similar moves in recent years
India's wearables market, previously on a rapid growth trajectory, has recently experienced its first-ever decline in shipments. This downturn is largely attributed to a price war that has stifled innovation in the sector
India-based Polymatech acquired a US-based IC equipment supplier to build an integrated chipmaking business. Tata has begun building its first IC backend facility in Assam
As India approaches its annual festive season, which usually represents a substantial share of its smartphone sales, consultancies do not expect strong performance in 2024. While 5G smartphones are likely to see continued growth, consumer interest in AI smartphones may remain limited in the near future
