India’s government is poised to deny crucial funding for billionaire Anil Agarwal’s chip venture, a setback for a US$19 billion push to make semiconductors in the country.

The government is likely to tell the venture between Agarwal’s Vedanta Resources Ltd and Taiwan’s Hon Hai Precision Industry Co it won’t get incentives to make 28nm chips, people familiar with the matter said.

Billionaire’s chip dreams stymied as India set to deny funding

Xiaomi Corp is deepening local sourcing in India, where the Chinese smartphone company seeks to regain market share it lost amid heightened regulatory scrutiny and stiff competition.

Xiaomi contracted home-grown Optiemus Electronics Ltd to make its bluetooth neckband earphones — the first time an Indian supplier will make an audio product for the Beijing-based tech giant, Muralikrishnan B, the president of Xiaomi India, said in an interview.

Xiaomi sources more production in India amid regulatory scrutiny

Apple Inc and Samsung Electronics Co are among companies interested in increasing electronics production in India, a minister said, a boon for the country’s push to challenge neighbouring China as a manufacturing hub.

Apple, Samsung looking to expand in India, says minister

India is unveiling a 170 billion-rupee (US$2.1 billion) financial incentive plan to draw makers of laptops, tablets and other hardware to the South Asian nation as companies look to diversify supply chains beyond China.

India launches US$2 billion drive to woo laptop makers like Apple

India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s US$19 billion (RM84.62 billion) plan, are taking time to get off the ground.

India renews call for chipmakers as billionaire’s effort drags

Apple Inc’s sales in India hit a new high of almost US$6 billion in the year through March, highlighting the market’s increasing importance for the iPhone maker as chief executive officer Tim Cook arrives in the country to open its first local stores.

Apple’s India sales near US$6b as CEO Cook begins retail push

Apple Inc assembled more than US$7 billion (RM30.8 billion) of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China.

Apple triples India iPhone output to US$7b in China shift

Billionaire Anil Agarwal’s plan to build a US$19 billion chipmaking plant in India is floundering as his venture struggles to secure a technology partner and faces challenges in obtaining financial incentives from the government.

Billionaire Agarwal’s India chip dream at risk as hurdles mount

Apple Inc is set to open its first official retail store in India soon, a landmark move for the iPhone maker which is placing big bets on the South Asian nation for everything from manufacturing to sales.

Apple to open first India store in financial hub of Mumbai

Apple Inc is seeking changes in India’s labour laws as part of its effort to expand local production, and regional governments are yielding to its request as they are eager to snatch iPhone assembly from China.

Apple said to seek labour reform in India to diversify beyond China

Sankalp Phartiyal

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Sankalp Phartiyal

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌