ELECTRONICS MANUFACTURING
Odisha gets 3D chip packaging unit
Odisha is emerging as a significant player in advanced sectors like electronics and semiconductors with the inauguration of India's first 3D glass substrate packaging facility. This Rs 1,943 crore project, set up by 3D Glass Solutions Inc., aims to bolster India's semiconductor value chain and support future technologies like AI and high-performance computing.
Foundation stone laid for India's first advanced 3D chip packaging unit in Odisha's Info Valley
Union Minister for Electronics & IT Ashwini Vaishnaw said that the foundation stone of a semiconductor plant has been laid in Odisha on the occasion of Akshay Tritiya. He said the upcoming facility marks a significant step for high-tech manufacturing in the state, adding that he thanked Prime Minister Narendra Modi and Odisha Chief Minister Mohan Charan Majhi.
Life on Rs 11,000 a month in Noida: How workers survive on minimal salaries amid rising LPG prices and high rent
In Noida’s industrial belt, thousands of factory workers are struggling to survive on monthly wages of around Rs 11,000–Rs 14,000, pushing many into relentless overtime work just to meet basic living costs. Rising rent, inflation, and expensive essentials like LPG have left workers trapped in financial stress, where even taking a day off or falling sick leads to income loss. While Noida’s manufacturing sector supplies global brands and employs lakhs of workers, most unskilled employees say their earnings are insufficient, forcing them into debt and shared living arrangements.
Vaishnaw calls 3DGS semiconductor plant foundation in Odisha a 'historic day, says state emerging as IT hub
Odisha is set to become a major center for advanced technology and electronics manufacturing. The foundation for a semiconductor plant has been laid, marking a historic day for the state. This development will boost Odisha's semiconductor ecosystem. Global leaders like Intel and Lockheed Martin are investors. The state is diversifying its industrial base beyond metals and minerals.
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcing
Indian businesses are actively seeking ways to counter the weakening rupee. Companies are now making payments for Chinese imports in yuan, aiming for better supplier prices. Simultaneously, there is a strong push towards sourcing more goods locally. This strategy helps reduce dependence on imported items and manage rising costs. These efforts are crucial for businesses facing currency pressures.
Coming soon: Price hike round 3 in four months for durables
Consumers face another price hike on electronics like ACs, TVs, and smartphones by end April. This marks the third increase in four months. Rising costs of plastics and memory chips are forcing brands to raise prices. Daily essentials like soaps and detergents are also becoming costlier. This trend impacts consumer demand significantly.
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India replaces China in US smartphone supply chain, captures 40% share: Report
India has emerged as a key supplier of smartphones to the United States, meeting about 40 per cent of the demand that was earlier fulfilled by China, according to a recent report by McKinsey & Company.
TSMC to expand 3nm chip production in Taiwan, US and Japan as AI demand surges
TSMC is significantly boosting its 3-nanometer chip production worldwide. This expansion is driven by a surge in demand for artificial intelligence. New facilities are being built and upgraded in Taiwan, the United States, and Japan. This move aims to solidify TSMC's leading position in the crucial AI chip market. The company anticipates substantial sales growth in the coming years.
India turns the tables on China: The great supply chain flip begins
India's electronics sector is transforming. For years, the country assembled products using imported parts. Now, Indian companies are exporting electronic components, even to China. This marks a significant shift from just assembly to deeper manufacturing involvement. This change is driven by government policies and global manufacturers.
Andhra Government clears Rs 2,500 crore NSPSL cathode plant in Chittoor
Andhra Pradesh is set to boost its electronics and battery sector. The state government has approved a significant Rs 2,550 crore investment by NSPSL Speciality Chemicals. This will establish a cathode material manufacturing facility in Chittoor district. This project is crucial for localizing key battery components. It will support the growth of electric vehicles and consumer electronics.
Govt notifies India’s first chip fab plant: Rs 91,000 cr Tata Semicon plant
India's first chip fabrication plant SEZ is notified in Dholera, Gujarat. Tata Semiconductor Manufacturing Private Limited will invest Rs 91,000 crore. This project aims to boost domestic value chains and create jobs. Other semiconductor and electronics component SEZ proposals have also received approvals. These include plans by Micron Semiconductor Technology India Ltd, Kaynes Semicon Ltd, and CG Semi Ltd.
Corrugated box manufacturers warn of severe cost surge, call for price revision and policy support
India's corrugated box makers are in crisis. Kraft paper prices have jumped 15-20 percent. Other materials like gum and ink are up 30-40 percent. Factory running costs are also increasing. The industry faces GST refund delays, locking up vital funds.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India is a crucial moment. The two nations can build a strong strategic economic partnership. They can create a new axis of resilience in Asia. This partnership will focus on manufacturing, technology and defence. It aims to address global insecurity and fractured supply chains.
Samsung asks court to block illegal strike activities by unions
Samsung Electronics has asked a court to block planned union strike activities, which unions have decried as a "declaration of war." Workers are threatening an 18-day strike from May 21 over a wage dispute, seeking to remove performance pay caps and link bonuses to operating profit. A potential strike could significantly impact output at Samsung's semiconductor complex.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India arrives at a critical juncture for global economic stability. The two Asian powers are poised to forge a strategic economic partnership, moving beyond traditional trade to co-build industrial capacity in semiconductors, green mobility, and advanced manufacturing.
Musk's staff reaches out to suppliers for Terafab project: Report
Elon Musk's staff have reached out to chip industry suppliers including Applied Materials, Tokyo Electron and Lam Research for his Terafab AI chip complex project with SpaceX and Tesla.
TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand
TSMC set to post 50% quarterly profit jump, extend record earnings on insatiable AI demand. Demand for Taiwan Semiconductor Manufacturing Co's 3-nanometre technology to produce AI chips and its advanced packaging technology continues to outstrip the firm's current production capacity, according to analysts.
India's Apple component exports to China surge to record $2.5 billion under ECMS scheme
India's electronics exports to China are experiencing a significant surge. Apple's component manufacturing scheme is driving this growth. Indian vendors are now exporting parts to China, a reversal of past trends. This development is expected to boost India's overall exports to China substantially. The success highlights the impact of government initiatives on the electronics sector.
Electronics imports cross USD 100 billion in 2025-26: Commerce Ministry
India's electronics imports surged past 100 billion US dollars in 2025-26. This marks a significant increase from the previous fiscal year. Despite a manufacturing push, the country remains reliant on imported components. Electronics exports also saw growth, driven by smartphone shipments, but imports continue to outpace them.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
What is evident in the last few trading sessions is how the street is treating Q4 earnings numbers. If a company delivers in terms of numbers, the street has money flowing into that stock. So, clearly, from a blanket bearish phase we have moved into stock-selective mode. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
Government likely to roll out mobile PLI 2.0 with outlay of over $5 billion by May
India is set to introduce a new production-linked incentive scheme for mobile phone exports by May. This initiative will have an outlay exceeding USD 5 billion. The goal is to significantly boost the country's mobile phone exports. Discussions are ongoing with the finance ministry for final cabinet approval. This aims to double mobile phone exports from India.
India's FDI plan for ecommerce; Tata charges up iPhone biz
India is planning to allow FDI in inventory-based ecommerce exclusively for exports. This and more in today's ETtech Top 5.
Govt notifies special economic zone for Tata Semiconductor Manufacturing at Dholera
The government on Wednesday said it has notified a special economic zone to be set up by Tata Semiconductor Manufacturing for electronic hardware and software, including IT/ITeS, at Dholera in Gujarat.
Tata invests ₹1,500 crore more to charge up iPhone biz
Tata Group has infused ₹1,500 crore into Tata Electronics to scale up its iPhone manufacturing business, alongside plans for further investments. The group has also increased capital in its Pegatron India unit. Analysts say the move reflects long-term capacity expansion, as Tata strengthens its role in Apple supply chains and pushes into semiconductors.
Time to buy? Sunny Agrawal finds best picks across banking, pharma, capital markets & infrastructure
Indian stock markets present attractive opportunities now. Investors with an 18-month outlook should consider deploying funds, especially in mid and small-cap stocks. Experts highlight companies with strong earnings visibility. Key sectors like banking, asset management, auto ancillaries, pharmaceuticals, electronics manufacturing, metals, and infrastructure offer potential. Quality stocks bought now are expected to deliver solid returns by FY27.
Karnataka clears Rs 18,430 crore investment proposals; 15,000 jobs expected
Karnataka Chief Minister Siddaramaiah has approved investment proposals totaling Rs 18,430.44 crore. These approvals, granted at the State High-Level Clearance Committee meeting, are expected to create over 15,000 jobs. Seventeen project proposals, including new ventures and expansions, received the green light. Major investments are planned in the EV, automobile, solar, and aerospace manufacturing sectors across various districts of the state.
Crude surge lifts toy prices ahead of summer rush
Toy prices are rising ahead of the summer holidays as the West Asia conflict pushes up crude-linked raw material costs, especially plastics. Industry body The All India Toy Manufacturers Association said prices could increase 10%–40%, with plastic costs surging sharply in recent weeks.
PLI 2.0 calls ring louder: India eyes 35% global mobile output; $130 billion production
India's electronics sector is set to significantly boost global mobile phone production. A new production-linked incentive scheme aims to achieve 30-35% of worldwide output by 2031. This ambitious plan targets substantial manufacturing and export growth. The initiative seeks to strengthen India's supply chain and manufacturing ecosystem.
West Asia War: Govt pushes local induction cooktop output amid LPG concerns
West Asia War: The government is pushing Indian companies to boost local production of commercial induction cooktops. This move aims to prevent potential shortages of LPG for restaurants and hotels. Manufacturers are ready to expand but need help with component sourcing, especially glass from China. Incentives and policy support are sought to build a strong domestic manufacturing base for these appliances.
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