India's first chip foundry starts construction: 65nm process

It is reported that ISMC, a joint venture semiconductor consortium of Tower Semiconductor and Next Orbit Ventures, announced an investment of US$3 billion to build a 65nm chip manufacturing plant in Mysore, Karnataka, India, which is the first and largest semiconductor factory in India.

India still attracting investment from TSMC and Intel

Despite promises from companies such as Foxconn to build fabs, India's Minister of State for Technology and Entrepreneurship Rajiv Chandrasekhar told Bloomberg TV that India is in talks with Intel, GlobalFoundries and TSMC and has been in talks with They do demos. Indian state governments are competing aggressively to attract semiconductor investment and are willing to negotiate more incentives they can offer investors.

Apple shipped nearly 1 million locally made iPhones to India in Q1 2022

Citing a report from CyberMedia Research, BGR India reported that Apple shipped nearly 1 million Indian-made iPhones to the Indian market in the first quarter of 2022, a 50% year-on-year increase. CyberMedia Research predicts that by 2022, the iPhone is likely to capture a 5.2% market share in the Indian smartphone market.

India seizes Xiaomi assets for illegal remittance

According to Reuters, India's Enforcement Agency said on Saturday that after investigating Xiaomi's business practices, it found the company was remitting foreign exchange to its foreign entities in the name of royalties - suspected of violating India's foreign exchange laws - and the agency had seized $725 million from Xiaomi's local bank account.

HMD Global increases India mobile phone exports

HMD Global, maker of Nokia-branded mobile phones, said it sees India as a major destination for global sourcing and manufacturing, as well as an import market, according to the Financial Express. HMD Global plans to expand mobile device exports from India.

After forming a joint venture with Foxconn to build a 28nm fab in India, Vedanta Group is reportedly in advanced talks with at least three states for fab investments, including Telangan in the south, according to Reuters. Nabang and Karnataka and the western states of Maharashtra. In addition, Vedanta is reportedly seeking 1,000 acres of free land from the local government on a 99-year lease, 700 of which will be used for manufacturing facilities, in addition to a 20-year fixed-price hydropower concession

To capture more market share in India's emerging EV market and meet growing demand, Tata Motors plans to increase its EV production capacity from 19,000 units in FY22 (April 2021 to March 2022) to FY23. 800,000 vehicles a year. Reuters quoted people familiar with the matter as saying.