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IN THE NEWS
Tuesday 14 February 2023
Alibaba sold off Paytm stakes amid India's restriction on Chinese investments
Alibaba Group sold off its stake in Paytm amid a sour relationship between China and India and Paytm's decling valuation since its IPO in 2021.
Tuesday 14 February 2023
iPhone charger supplier to double workforce in India
Along with Apple suppliers looking to expand their production and headcounts in India, Finland-based Salcomp plans to double its workforce and eyes a five-fold revenue in three years...
Monday 13 February 2023
US working with India to build diversified semiconductor ecosystem
As the US government is trying to reduce its reliance on China for industrial goods production and on major chip suppliers based in Taiwan and South Korea, the US is looking to partner...
Monday 13 February 2023
India roundup: India smartphone market saw a 10% fall in 2022
Due to high inflation and inventory, India's smartphone shipments saw a huge drop in 2022. Samsung Electronics began manufacturing more flagship smartphones in India to drive premium...
Friday 10 February 2023
Nokia to manufacture fiber broadband equipment in India
Nokia said it would expand its product portfolio manufactured in India to meet the rising demand for data and changing customer behavior, such as work-from-home.
Thursday 9 February 2023
India eyes 30% of locally sourced chips amid semiconductor decoupling
As major economies are looking to secure their chip supplies amid rising disruption risks caused by the pandemic and geopolitical tensions. India is trying to win investments in semiconductor...
Thursday 9 February 2023
Foxconn in talks with Karnataka officials for potential investments
As Foxconn is ramping up its investments in India, Karnataka is trying to woo the world's largest EMS provider to help build an electronics ecosystem.
Wednesday 8 February 2023
Telangana to build four clusters promoting e-mobility
The state government of Telangana, India announced on Monday that it would set up the Telangana Mobility Valley around Hyderabad, the state's capital city, to promote R&D and...
Wednesday 8 February 2023
Taiwan may help India train talents for electronics and semiconductors
Amid global efforts to diversify chips and electronics supply across continents, Taiwan is reportedly ready to help India build its semiconductor capabilities through economic and...
Tuesday 7 February 2023
India's latest budget aims to fuel EV and clean energy
The Indian government's recently announced Union Budget aimed to promote green energy and electric vehicles through several steps. These included an extension of customs duty exemption...
Tuesday 7 February 2023
Samsung not ready to make notebooks in India
India is hoping that Samsung Electronics can manufacture notebooks as well as smartphones, but Samsung prefers to see sufficient volume before expanding its manufacturing portfolio...
Tuesday 7 February 2023
Qualcomm, MediaTek look to India, Southeast Asia for mobile SoC sales growth
Qualcomm and MediaTek are both looking to emerging markets such as India and Southeast Asia for growth in mobile SoC sales this year, as overall confidence in the mobile phone supply...
Monday 6 February 2023
BMW to invest EUR800 million in Mexico to ramp up EV battery production
BMW showed its EV ambition for the North American market. The premium automaker announced a EUR800 million (US$863.3 million) investment in Mexico, mainly to build an assembly center...
Monday 6 February 2023
MediaTek expects 6-14% revenue drop in 1Q23
MediaTek expects to post a further revenue decrease of 6-14% in the first quarter of 2023 after experiencing a nearly 24% sequential revenue decline in the fourth quarter of 2022.
Monday 6 February 2023
India roundup: Apple supplier reportedly begins making component for AirPods in India
Apple's supplier Jabil reportedly begins making plastic enclosures in India. Samsung Electronics announced to make the latest flagship Galaxy S23 production in India.