Forbes highlights India's emerging role as a significant global manufacturing hub and a promising destination for supply chain diversification. With the increasing geopolitical tensions and instability impacting global supply chains, many companies are exploring alternative regions to reduce risks and enhance flexibility in terms of costs and lead times. India...
Global Chip Makers to Invest in India’s Semiconductor Sector
Malvern, Pennsylvania-based Silicon Power Group, will invest $121 million to set up a facility in India's Odisha state. The company proposes to manufacture 5.9" silicon carbide, a component that goes into chips used in electric cars and other industrial power and energy applications. The investment will be made by the group's...
Apple to Shift Production of More Products to India
Apple plans to shift more iPhone production away from China to India. The company is now reportedly looking to also move the production of some iPads to India to keep its supply chain healthy amid Covid-related disruptions. Citing sources, CNBC reported that Apple has "talked to Indian officials about locating...
Apple Makes iPhone 14 in India
As geopolitical tensions between China and the U.S. increase, Apple has started manufacturing the iPhone 14 in India about two months after its release in China. The move will help reduce the gap between the release date and its availability in India. Typically, Apple devices are launched in India six...
Vedanta and Foxconn Partner to Manufacture Chips in India
Mumbai-based mining company Vedanta Ltd., and Taiwan's Foxconn signed an agreement with the government of India's western state of Gujarat to set up a $20 billion semiconductor project. Foxconn already has significant operations in India, including the assembly of Apple iPhones. Vedanta obtained financial and non-financial subsidies including on capital...
Apple Adds iPhone 12 to India Assembly Activity
Apple Inc., has started the assembly of the iPhone 12 in India, via its partner Foxconn in Tamil Nadu, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market. "We are proud to be starting production of iPhone 12 in India for our local customers," Apple said,...