India–Taiwan Semiconductor Research Partnership Launched Through Academia–Industry Collaboration
印度與台灣透過產學合作啟動半導體研究夥伴關係
A new India–Taiwan academia–industry partnership aimed at advancing semiconductor research has been formalized through a tripartite Memorandum of Understanding (MoU) between Chennai Institute of Technology (CIT), Tamil Nadu; National Formosa University (NFU), Taiwan; and Taiwan-based Air Gas Electronic Materials Enterprise Co., Ltd. (AGEM). Announced by the Taipei Economic and Cultural Center (TECC), Chennai, the collaboration will provide doctoral candidates with joint academic supervision from CIT and NFU, while AGEM will offer industrial mentorship and research support. The initiative seeks to promote advanced semiconductor research, international mobility, knowledge exchange, and stronger industry–academia engagement, helping develop globally competitive researchers and strengthening long-term cooperation between institutions in India and Taiwan.
The agreement was signed in Chennai in the presence of senior representatives from TECC, NFU, AGEM, and CIT. Speaking at the event, TECC Chennai Director General Stephen Hsu described the MoU as the first academia–industry collaboration on semiconductor research between Taiwan and Southern India and highlighted the role of students as “Ambassadors of Innovation” in deepening bilateral ties. AGEM, a key participant in the initiative, brings expertise in advanced gas purification technologies essential for semiconductor fabrication, where ultra-high purity gases are required for critical etching and deposition processes. Given Taiwan’s dominant position in global semiconductor manufacturing and India’s efforts to expand its role in the semiconductor value chain, the partnership could also be relevant for non-Indian companies seeking access to emerging semiconductor talent, research collaborations, and future supply-chain opportunities linking India’s growing semiconductor ecosystem with Taiwan’s technological expertise.
編按：清奈理工學院、國立虎尾科技大學和台灣元佳宇公司(AGEM)簽署了一份三方合作備忘錄，旨在推進半導體研究，將博士生指導與產業界導師制相結合。該備忘錄由駐清奈臺北經濟文化辦事處（TECC Chennai）宣布，是台灣與印度南部地區簽屬第一個產學合作專案，旨在培養全球人才，促進創新交流，並加強印台半導體領域的聯繫。
Indian Pollution Regulator Warns Tata Electronics Plant Over Alleged Groundwater Contamination
印度污染監管機構就涉嫌地下水污染問題向塔塔電子工廠發出警告
India’s Tamil Nadu Pollution Control Board (TNPCB) has issued a warning notice to Tata Electronics over alleged groundwater contamination linked to wastewater discharge from its iPhone component manufacturing facility in Hosur, Tamil Nadu. According to the regulator, inspections conducted between December 2025 and May 2026 found that wastewater from the plant was discharged into a rainwater harvesting pond within the facility, which subsequently overflowed and allegedly contaminated groundwater in nearby agricultural lands and open wells. The notice stated that Tata had failed to implement corrective measures previously directed by the pollution board and asked the company to explain why the unit should not face closure and power disconnection. The facility manufactures back panels and other components for Apple’s iPhones and is a key part of Apple’s strategy to expand production in India.
Tata Electronics has denied any regulatory violations, stating that an independent assessment conducted by an accredited laboratory found the company to be fully compliant with environmental norms. The company said it remains committed to responsible environmental practices and has responded to the authorities. The case adds to a series of operational challenges affecting Apple’s India supply chain, including previous factory fires involving Tata and former supplier Pegatron, as well as scrutiny of labour practices at supplier Foxconn. The development may be relevant for non-Indian companies with manufacturing operations or supply-chain investments in India, as it highlights the increasing enforcement of environmental regulations and the importance of compliance, sustainability management, and community engagement in one of the world’s fastest-growing electronics manufacturing hubs.
編按：泰米爾納德邦污染控制委員會已就塔塔電子公司位於霍蘇爾的iPhone零件工廠涉嫌造成地下水污染一事，向其發出警告。警告稱，該工廠將廢水排放到雨水池中，溢出的污水流入附近土地。塔塔引用獨立實驗室的檢測結果，否認違規。此案凸顯了印度電子供應鏈正面臨日益嚴格的監管檢查，此前蘋果供應商也曾出現安全和勞工問題。
India Set to Reach 1.1 Billion 5G Subscriptions by 2031 as Data Consumption and Network Expansion Accelerate
隨著數據消費和網路擴張加速，印度預計到2031年將擁有11億5G用戶
India is expected to surpass 1.1 billion 5G subscriptions by the end of 2031, representing an estimated 81 percent mobile subscription penetration, according to the June 2026 edition of the Ericsson Mobility Report. The report highlights the rapid growth of 5G adoption, driven by affordable 5G-enabled devices, extensive network coverage across nearly all districts, and the continued rollout of 5G Fixed Wireless Access (FWA) services. India had 430 million 5G subscriptions at the end of 2025, accounting for 35 percent of total mobile subscriptions, while 4G subscriptions are projected to decline significantly as users migrate to next-generation networks. The country also remains the global leader in mobile data consumption per smartphone, with average monthly usage expected to rise from 37 GB currently to around 70 GB by 2031. Ericsson noted that India’s expanding 5G infrastructure is supporting digital inclusion, innovation, governance, and the development of advanced use cases such as network slicing-based differentiated connectivity services.
Globally, 5G subscriptions crossed the three-billion mark in the first quarter of 2026 and are forecast to exceed 6.4 billion by 2031. The report highlights growing deployment of 5G Standalone (SA) networks, increasing commercialization of network slicing services, and strong growth in Fixed Wireless Access offerings. Network traffic continued to expand rapidly, driven by user-generated content, cloud applications, and increasing uplink demand, while industry attention is also turning toward 6G technologies, with initial specifications expected by 2028–2029 and commercial launches around 2030. For non-Indian companies, India’s accelerating 5G adoption presents significant opportunities across telecom equipment, semiconductors, smartphones, cloud services, AI infrastructure, data centres, network software, and digital applications. The scale of India’s projected subscriber base and data consumption growth is likely to make the country one of the world’s most important markets for next-generation connectivity technologies and related investments.
編按：印度5G用戶預計2031年，將達到11億，覆蓋81%的行動用戶，這主要受惠於價格親民的設備、廣泛的網絡覆蓋以及不斷增長的數據消費（預計每部智慧型手機每月數據流量將達到70GB）。預期2031年，全球5G用戶將超過64億，在全球電信、雲端運算、人工智慧和下一代連接技術投資等領域，印度市場的關鍵位無庸置疑。
India Sees $770 Million Capital Outflow as Global Investors Shift Toward AI-Focused Markets
由於全球投資者轉向人工智慧市場，印度面臨7.7億美元的資本外流
India recorded net capital outflows of approximately $770 million during the latest week as global investors continued reallocating funds toward select artificial intelligence (AI)-linked investment opportunities, according to data cited by Elara Capital’s Global Liquidity Tracker. The report noted that the broader AI investment theme is showing signs of moderation after a strong rally that began in 2025, prompting investors to reassess positions across global markets. Global Emerging Market (GEM) funds, which had attracted investment through AI-related exposure in markets such as Taiwan and South Korea, registered six consecutive weeks of outflows totaling $10 billion. India and China remained among the markets experiencing persistent redemptions, with focused funds accounting for a significant portion of India’s weekly outflows. Despite the withdrawals, the report observed that U.S. technology-focused funds attracted a record $9 billion of inflows during the recent market correction, indicating continued investor confidence in core AI beneficiaries.
The report also highlighted that foreign investors continued to withdraw funds from several emerging markets, including Taiwan, South Korea, Brazil, and Mexico, suggesting a broader repositioning of portfolios rather than a shift specific to India. At the same time, domestic investors in Taiwan and South Korea increased purchases during the market pullback, reflecting confidence in long-term AI-related opportunities. According to the analysis, India’s relative performance compared with broader emerging market funds has fallen to historic lows, a trend that has previously coincided with major turning points in market performance. For non-Indian companies, the development is relevant because it underscores how AI-driven investment trends are reshaping global capital allocation. Firms operating in semiconductors, data centres, cloud computing, AI infrastructure, and advanced technology sectors may continue to attract investor interest, while companies evaluating expansion into India should note that current capital outflows appear linked more to global portfolio rotation toward AI-focused assets than to any fundamental deterioration in India’s economic outlook.
編按：全球投資人將資金轉向人工智慧相關資產，致使上週印度資金淨流出約7.7億美元，其中全球新興創業板基金在連續六週內創下總額100億美元的贖回紀錄。儘管印度和中國持續面臨贖回壓力，而美國科技基金持續吸引了創紀錄的資金流入，凸顯人工智慧投資趨勢正在重塑全球資本配置，而非反映印度經濟基本面的疲軟。
Indian Infrastructure Firms Emerge as Indirect Winners of Global AI Investment Boom
印度基礎設施公司成為全球人工智慧投資熱潮的間接受益者
While India has largely been bypassed by the global AI stock market rally, a growing number of Indian industrial and infrastructure companies are benefiting from the massive capital expenditure being directed toward AI data centres, power systems, and digital connectivity networks worldwide. Foreign investors have withdrawn nearly $26.4 billion from Indian equities in 2026, contributing to India’s decline in global market-cap rankings and a reduction in its weighting within the MSCI Emerging Markets Index. However, analysts increasingly argue that India’s AI opportunity lies not in producing leading AI chipmakers or software giants, but in supplying the infrastructure and components that support the global AI ecosystem. Fund managers and analysts describe this as a “picks-and-shovels” strategy, encompassing sectors such as electricity, cooling systems, optical connectivity, data centres, and industrial equipment. Supply constraints and long lead times for critical components have further strengthened the outlook for companies serving this segment, with many orders expected to translate into revenues between 2027 and 2029.
Several Indian companies have emerged as notable beneficiaries of this trend. Sterlite Technologies has secured a multi-year contract worth approximately $1.1 billion from a U.S.-based hyperscaler to supply optical connectivity products for AI data centres, while HFCL has seen strong growth in exports and fibre-optic demand driven by global data centre expansion. Meanwhile, MTAR Technologies is benefiting from rising demand for alternative power solutions used in AI facilities through its role as a key supplier to Bloom Energy’s fuel-cell systems. These developments suggest that India is becoming increasingly integrated into the global AI infrastructure supply chain despite not being a major producer of AI chips. For non-Indian companies, the trend highlights potential opportunities for sourcing, partnerships, and supply-chain diversification in areas such as optical networking, connectivity equipment, power systems, advanced manufacturing, and data centre infrastructure, as Indian firms strengthen their position as suppliers to AI projects across North America and other global markets.
編按：2026年外國投資人已從印度股市撤資264億美元，反映出印度在全球人工智慧股票上漲行情中的參與倍受侷限，其實在人工智慧資料中心、電力系統和網路連接等基礎設施供應方面印度擁有的機會與日俱增。 Sterlite Technologies、HFCL和MTAR Technologies等公司正崛起為全球人工智慧專案的關鍵供應商，確立印度在人工智慧生態系統中扮演「工具和設備」供應的角色。
D-Link India Gains Attention as Data Centre, AI and 5G Demand Strengthen Dividend Outlook
隨著資料中心、人工智慧和5G需求的增強，D-Link印度公司備受關注，股利前景看好
D-Link (India), the Indian subsidiary of a Taiwan-based networking equipment provider, is emerging as a notable beneficiary of India’s expanding digital infrastructure landscape, supported by structural growth drivers including data centres, artificial intelligence (AI), 5G deployment, and the government’s Make in India initiative. The company sources more than 70% of its products locally through partnerships with over 30 manufacturing units and supplies a broad range of networking solutions, including routers, switches, structured cabling, wireless systems, and surveillance equipment. Revenue rose 13.2% year-on-year to ₹1,566 crore in FY26, while the company maintained strong profitability and capital efficiency, reporting a return on equity of 22.9% and a return on capital employed of 29.2%. Despite higher input costs affecting profit growth, D-Link continues to benefit from growing demand for networking infrastructure as India expands its digital and connectivity capabilities.
The company has also attracted attention for its shareholder returns, increasing its dividend payout consistently over the past five years and distributing ₹33.5 per share in FY26, including a special dividend. Supported by more than ₹200 crore in liquidity, a near debt-free balance sheet, and reserves that have grown to nearly ₹500 crore, D-Link has maintained a strong capacity to reward shareholders while continuing to invest in growth opportunities. The company’s dividend distribution policy provides additional support for future payouts by allowing excess reserves to be returned to shareholders. For non-Indian companies, the development highlights India’s growing importance as a manufacturing and distribution hub for networking and connectivity equipment. Firms involved in data centres, telecom infrastructure, AI deployment, cloud computing, and digital networking may find opportunities for partnerships, sourcing, and market expansion as demand for advanced connectivity solutions continues to increase across India and the broader South Asian region.
編按：台灣網路設備供應商D-Link的子公司D-Link（印度）在2026財政年度實現了13.2%的營收成長，達到156.6億盧比，維持了強勁的獲利能力。這得歸功於印度不斷擴展的數位基礎設施和「印度製造」計畫。憑藉超過70%的本地採購、不斷增長的網路連接解決方案需求以及無負債資產負債表支持的持續股息支付，該公司已成為印度網路和資料中心生態系統中的關鍵參與者。