Following investments from Stellantis in 2023, Chinese EV manufacturer Leapmotor is reportedly preparing to enter the Indian market. However, the company's plans could encounter obstacles due to India's cautious stance on investments from China.
According to the Economic Times, Hindu Business Line, and EE News Europe, India-based Mindgrove Technologies, backed by Peak XV Partners, announced the launch of what it claims is India's first commercial high-performance System on Chip (SoC) for IoT devices.
Sharp, which is talking with Indian central and state governments, may become the first foreign firm to set up a display fab in India. Tata is progressing on its way to being a national electronics champion in India.
Micron, the first major chipmaker to set up an ATMP facility in India, provides a later-than-expected timeline for shipping its first made-in-India product, which is most expected to be exported rather than catering to domestic needs.
Despite setbacks, particularly the breakup with Foxconn, the debt-laden Vedanta Group is still keen on semiconductor and display forays, which was seen as a strategy to deal with the group's financial stress. The prospect of Vedanta's display fab proposal with Innolux remains to be seen.
The Times of India, citing senior officials in the Indian government, said that India is considering launching a new multi-billion-dollar incentive package for semiconductor companies. This move comes as the previous Rs 760 billion plan, introduced in December 2021, is nearing exhaustion.
The Economic Times quoted sources saying that Tata Electronics, which joined the ranks of Apple suppliers in recent years, is now engaged in internally developing very sophisticated and highly precise CNC tools essential for manufacturing these iPhone casings.
Taiwanese semiconductor company MediaTek has said it is bullish on India and expects to grow in R&D and market penetration. Speaking to Digitimes Asia recently, Anku Jain, MD of MediaTek India, mentioned although the pace of growth will depend on various factors, they are committed to growing their presence here.
Sharp is reportedly talking to the Indian government about a plan to set up a 10G display plant in India, which may be the first display fab and is likely eligible for the semiconductor incentive scheme.
Apple is diversifying rather than expanding its supplier base in India, as indicated by its latest supplier list. Despite some concerns from the Indian government, China-based suppliers continue to play a significant role in Apple's India strategy.
India-based EMS player Kaynes Semicon believes its OSAT project is expected to be approved and eyes advanced packaging, including Co-Packaged Optics (CPO), to differentiate itself from competitors in Southeast Asia.
Supreme Electronics, an IC distributor specializing in memory chips, is targeting the Indian and Southeast Asian markets for electric scooter demand opportunities.
