With a growing interest in the semiconductor sector, India is seeing a rise in startups that offer niche design solutions. One of them that has stood out lately is Bangalore-based FermionIC.
The Government of Gujarat, India, has dispatched a delegation to Taiwan for the India-Taiwan Semiconductor Summit, while also seizing the opportunity to glean knowledge from Taiwanese partners at Hsinchu Science Park.
India is facing a talent shortage amid a growing semiconductor ecosystem. India's trading partners are concerned about India's import management system, which may be replaced by a stricter quota-based system in October.
Google announced plans to launch an affordable Android One smartphone in India, suggesting it may not partner with Reliance Jio for smartphone development. Google is expected to ramp up its made-in-India efforts to compete in this highly competitive market.
South Korea-based Hyundai Motor is reportedly selecting underwriters for its Indian subsidiary IPO plan. The listing may become India's biggest-ever IPO.
While many South Korean companies have struggled to penetrate the Indian market, Samsung Electronics has emerged as a remarkable success. Celebrating its 30th anniversary in India, Samsung is well-positioned for continued growth amid the country's population boom.
China and Japan have questioned India's import license requirements, highlighting renewed concerns from WTO members against India's unilateral trade measures.
Google has invested in India-based e-commerce giant Flipkart to leverage the local startup ecosystem, capitalize on the growing e-commerce market, and expand its cloud services.
Google plans to partner with Foxconn and Dixon Technologies to make Pixel smartphones in India. India's local companies continue to foray into the chipmaking business.
After registering a 72% growth in smartphone shipments in the first quarter, Poco, a sub-brand of Xiaomi, is looking to reach an annual smartphone shipment of ten million units in three years in India.
Reuters and Bloomberg, citing respective sources, reported that Google plans to invest billions of dollars to manufacture its Pixel smartphones in Tamil Nadu, partnering with Taiwan's Foxconn.
Cheng-wen Wu, Minister of the National Science and Technology Council (NSTC), said that Taiwan would be happy to share and transfer the experience of science park management to other friendly countries. However, Wu stressed the importance of reciprocity for mutual prosperity.