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IESA and ELCIA Join Forces to Boost Sensor Manufacturing in India

India is set to witness a transformative leap in its sensor technology sector with a landmark partnership between the India Electronics & Semiconductor Association (IESA) and the Electronics City Industries Association (ELCIA). This collaboration aims to fortify India’s ambitions in the Electronics System Design and Manufacturing (ESDM) space, driving innovation and reducing dependency on imports. A Vision for a Self-Reliant …

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India Launches $5 Billion Initiative to Boost Domestic Electronics Component Manufacturing

India is gearing up to unveil a groundbreaking $5 billion incentive scheme aimed at boosting domestic production of electronics components for devices such as smartphones, laptops, and more. According to Reuters, this initiative seeks to reduce dependence on imports, particularly from China, and strengthen local supply chains in the rapidly growing electronics sector. India’s electronics production has seen remarkable growth, …

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MediaTek Unveils Innovations Driving Digital Transformation in India

MediaTek, the world’s leading fabless semiconductor company, has showcased its latest innovations at the 14th Chapter of its Technology Diaries event, aptly titled “This Chip Changes Everything.” With a portfolio powering nearly 2 billion connected devices annually, MediaTek reinforced its leadership in mobile, automotive, and IoT technologies, unveiling advancements in Generative AI, satellite connectivity, automotive solutions, 5G, and smart clusters. …

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Bridging India’s Electronics Talent Gap: 10 Million Skilled Workers Needed by 2027

India’s electronics sector is on the cusp of a revolution, with a projected creation of 12 million jobs by 2027-28, including 3 million direct roles and 9 million indirect ones. However, a recent report by TeamLease Degree Apprenticeship highlights a pressing challenge: a massive talent deficit of 8 million workers and an additional 10 million skills gap. This shortfall threatens …

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India’s Semiconductor Industry to Generate a Million Jobs by 2026, Report Finds

As India moves toward becoming a global hub for semiconductor manufacturing, the sector is projected to create up to one million jobs across diverse roles by 2026, according to a recent report by talent solutions provider NLB Services. The surge in demand spans various specialties, from fabrication and testing to design and quality control, as the country aims to solidify …

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India's Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27

India’s Electronic Manufacturing Services Market Set to Reach $72.2 Billion by FY27, Driven by Government Initiatives

India’s electronic manufacturing services (EMS) market is on a robust growth trajectory, expected to surge from $17.5 billion in FY22 to $72.2 billion by FY27, reflecting a compound annual growth rate (CAGR) of 32%, according to a recent report by Motilal Oswal Financial Services. This remarkable expansion is fueled by a series of government initiatives aimed at boosting the domestic …

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L&T Semiconductor Technologies Aims to Sign First Clients by September, Plans for $12 Billion Investment in Indian Fabs

August 14, 2024 | IoTAdda News Desk L&T Semiconductor Technologies (LTSCT), a division of the engineering and construction conglomerate Larsen & Toubro, is making bold strides to establish itself as a global semiconductor player. The company plans to sign its first clients by September 2024 and is eyeing the construction of three semiconductor fabrication plants (fabs) in India, with potential …

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India Must Aim for $500 Billion Electronics Manufacturing Boom by 2030: NITI Aayog’s Bold Vision!

India should aim for $500 billion in domestic electronics manufacturing by 2030, the NITI Aayog has said in a report recommending specific policy measures like tariff rationalisation and skilling. Growth in electronics manufacturing would create employment for about 6 million people, said the central government’s think tank on Thursday. “Global Value Chains (GVCs) are critical in modern manufacturing, involving international …

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Elon Musk Strikes Game-Changing Partnership with Tata: Tesla’s Big Bet on India’s EV Future!

About: Elon Musk, the CEO of Tesla, recently signed a significant contract with Tata Electronics, aiming to secure semiconductor chips for Tesla’s international operations. This collaboration marks Tesla’s increasing interest in the Indian market beyond its traditional revenue bases. The deal, completed discreetly a few months ago, positions Tata Electronics as a trusted partner for leading global companies looking to …

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VISTEON TO SET UP NEW USD 20 MN PLANT IN INDIA  

Preparing to make large investments in the Indian market is Visteon, a prominent global Tier 1 automotive company. In order to localize backlight manufacturing in India, the company has revealed plans to invest about USD 20 million. Visteon’s larger plan to increase its market share in India, especially in the cockpit electronics sector, is in line with this action.  Investment …

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