Amid souring ties over geopolitical tensions, India has been tightening visas for incoming Chinese nationals, which Indian electronics industry insiders believe to have a negative economic impact on its supply chain development.
Due to government policy, India's electronics and component production values are expected to grow fivefold by the end of the decade. However, challenges remain as India still relies heavily on imports from other manufacturing powerhouses.
The US and India enhanced their technological cooperation under the iCET initiative to reduce their reliance on China. India is still dependent on imported electronic components from China despite its ambitious target of building a local ecosystem.
Electric Vehicle (EV) manufacturer VinFast is undeterred by the global slowdown in EV growth and the company's underperformance in the US market, as it continues its expansion in Asia.
After identifying 30 critical minerals essential for national security, India intensified its efforts to secure cobalt, given its increasing importance in the global shift towards EVs and green energy initiatives.
India-based IT hardware companies and automakers are urging the Indian government to reconsider its anti-dumping duty on imported PCBs from China and Hong Kong, increasing their production costs and undermining their price competitiveness.
China-based Vivo is set to open a large manufacturing facility in northern India. The company is reportedly looking for Indian partners to run the facility amid intensifying regulatory pressure from India against Chinese investors.
India is expected to see surging infrastructure investments from global companies in the AI supply chain, as Microsoft, Amazon, and Nvidia are eyeing the opportunities brought by sovereign AI in India.
The US and India announced fresh initiatives to enhance cooperation in semiconductors, AI, critical minerals, advanced telecommunications, and defense space, as the US is leading the charge to build a resilient supply chain that depends less on China.
Hyundai Motor plans to list its Indian subsidiary to enhance its visibility and expand manufacturing capacities for EVs and SUVs in the world's third-largest car market after China and the US.
Tata Group is reportedly in talks to acquire a significant stake in Vivo's Indian operations. This potential deal could position Tata as a major player in India's smartphone industry while helping Vivo navigate the evolving regulatory landscape.
Dixon Technologies, an India-based EMS giant, unveiled its Capex plan for the next three years. Besides production expansion in mobile phones and display modules, the company plans to enter non-consumer electronics businesses, such as EV components.
Semiconductor equipment suppliers are eyeing opportunities in India. India's local EMS providers are benefitting from a global supply chain relocation.
SEMI will hold its first SEMICON India, with Japan-based semiconductor equipment suppliers attending. An analyst believes the market lies in IC backend business rather than wafer fabs.
