Foxconn applied for India's incentive schemes for computer and semiconductor manufacutring. Nvidia is optimistic about India's AI demands and is looking to expand the market.
Before India's import license requirements take effect in November, notebook orders have increased in India to reduce uncertainties. PC and notebook vendors also applied for India's incentive scheme to make products in India to avoid license requirements.
Samsung receives better pre-orders for its latest foldable phones compared to a year ago amid smartphone premiumization. Honor denied any association with India-based HonorTech that plans to bring Honor-branded phones back to India.
Over the past week, a series of developments and rumors regarding Foxconn's investments in India have occurred. Global PC and notebook manufacturers are closely watching if India will recosider implementing its import restrictions on computers.
India's surprising announcement to require license for imported notebooks and tablets raised confusion and concerns in the IT hardware industry. Hyundai is looking to launch more EV models in India to capitaize on the rising market.
Amid Apple's rapid growth in India, India's surprising measure to restrict imports of PCs will hit Apple the most. After Micron's ATMP plan in India, more companies have shown interest in investing in India.
After Xiaomi lost its top position in India's smartphone market, the company launched a series of initiatives to fight back. Foxconn Group is scouting land for expanding manufacturing facilities in India.
Following the US and Japan signed an MoU with India for semiconductor cooperation. India may take equity in IC design houses to nurture national champions as the country is eager to develop a local semiconductor ecosystem.
After Vedanta acquired a 100% stake in its semiconductor and display manufacturing business, Foxconn said it parted away with Vedanta for their joint venture, Vedanta-Foxconn Semiconductors Limited, and is looking for new partners to keep its commitment to India's semiconductor ecosystem. Meanwhile, Taiwan-based ADATA approved a plan to set up a memory module plant in India.
As India's semiconductor ecosystem is growing, Microchip announced fresh investments in India to expand its operations. HPE will partner with India-based VVDN to make high-end servers in India.
Amid India's government scrutiny, Xiaomi was reportedly reducing its headcounts in India and shifted most of its decisions to its parent company in China. Vedanta continued its foray in the semiconductor and display manufacturing despite a slower-than-expected approval process.
US-based tech giants announced a flurry of investments, especially in the semiconductors that will boost India's semiconductor ecosystem as the US is looking to help India develop its manufacturing ecosystem to de-risk their reliance on China.
As India leaps frog in mobile phone manufacturing, Chinese smartphone manufacturers, already under regulatory scrutiny, were reportedly asked by India to be more Indian. Meanwhile, besides mobile phone manufacturing, Foxconn reportedly begins its EV forays in India.
A report by Google, Bain & Co, and Temasek forecasts India's internet economy to reach US$1 trillion by 2030. India may offer more incentives to encourage local production of energy storage.
