Dutch company NXP Semiconductors, announced plans to invest $1 billion in India, aiming to double its research and development efforts in the country. This move aligns with India's ambition to establish itself as a significant player in the semiconductor industry. CEO Kurt Sievers made this announcement at the Semicon India...
India Cuts Import Duty on Mobile Phones
India has announced a reduction in import duty on mobile phones and key components from 20% to 15%, a move that will benefit smartphone manufacturers. This decision, presented by Finance Minister Nirmala Sitharaman in the Fiscal 2025 annual budget, aims to serve consumer interests by lowering taxes on mobile phones,...
India Reviews $21 Billion in Semiconductor Proposals
The Indian government is reviewing investment proposals totaling $21 billion to boost chip manufacturing in the country. According to a Bloomberg report, the proposals encompass diverse ventures from both Indian conglomerates and international players. Israel's Tower Semiconductor has proposed a $9 billion chip plant in Gujarat. Its proposed plant may...
India’s Tata Group Plans for Semiconductor Fabrication Plant
Tata Group chairman Natarajan Chandrasekaran announced at the Vibrant Gujarat Global Summit on Wednesday that Tata is close to finalizing plans to build a new semiconductor fabrication plant in Gujarat's Dholera region this year. The plant construction will start in 2024 as part of Tata's negotiations with the state government....
India’s Tata Group Scouting for Land to Assemble Semiconductor Chips
Mumbai-based Tata Group is currently looking for land to establish a semiconductor chip assembly, testing, monitoring, and packing (ATMP) unit as part of its initial steps toward a local manufacturing ecosystem. The company has formed a team of 200-250 individuals to work on the project. Company executives are exploring suitable...
India’s Tata Group to Manufacture iPhones
The Mumbai-headquartered Tata Group is set to start assembling Apple iPhones in India after Taiwan-based Wistron Corp approved the sale of its Indian manufacturing unit to the Group. The Wistron board approved the sale of Wistron InfoComm Manufacturing India Private Limited to Tata Electronics Private Limited for an estimated $125...