Taiwan’s Full Chain Eyes Tamil Nadu for Semiconductor Equipment Manufacturing Facility
台灣富宸材料計劃在泰米爾納德設立半導體設備製造廠
Taiwan-based semiconductor materials firm Full Chain is planning to establish an equipment manufacturing facility in Tamil Nadu, according to industry sources. The company has already set up a design centre and a research and development hub in India, signaling a strong commitment to the region. Full Chain’s proposed facility aims to support semiconductor fabrication units and outsourced semiconductor assembly and testing (OSAT) firms, with a focus on offering specialized services such as thermal management solutions and environmental, social, and governance (ESG) advisory. The company is currently assessing which products to manufacture at the site and has identified potential land banks. Discussions with the Tamil Nadu government are underway regarding financial incentives and policy support.
This move highlights India’s growing appeal as a strategic destination for global semiconductor players amid supply chain diversification efforts. For non-Indian companies, Full Chain’s investment underscores the opportunities in India’s emerging semiconductor ecosystem, driven by government incentives and a skilled talent pool. As nations worldwide seek resilient chip supply chains, India is positioning itself as a key player in the global semiconductor value chain.
小編點評：總部位於台灣的富宸材料（Full Chain）計劃在泰米爾納德邦設立半導體設備製造廠，這是其在印度既有研發與設計據點之外的重要擴展。該工廠將支援晶圓製造與封裝測試（OSAT）企業，並提供熱管理與 ESG 諮詢等專業服務。這項投資顯示印度在供應鏈多元化與政府激勵政策推動下，已成為全球半導體生態系統中的重要角色。
FPI Sell-Off Resumes in April Amid Tariff Turmoil and Global Market Volatility
外國投資者因關稅與市場動盪四月重新拋售印度股票
Foreign portfolio investors (FPIs) have resumed their sell-off in April 2025, pulling out a net ₹32,121 crore from Indian equities so far this month, as per NSDL data. The reversal comes after a brief buying spree between March 20–27, during which FPIs had infused ₹32,576 crore, bringing down March’s net outflow to ₹3,973 crore. The recent exodus has been driven by heightened volatility in global stock markets following U.S. President Donald Trump’s imposition of reciprocal tariffs, raising fears of a global economic slowdown. Tighter monetary policies by major central banks, persistent inflation, and escalating trade tensions have added to the uncertainty, prompting foreign investors to reduce their exposure to emerging markets like India. In total, FPIs have withdrawn ₹1,48,695 crore from Indian equities in 2025 so far.
Analysts believe the situation remains fluid, with FPI flows expected to remain volatile in the near term. While Taiwan attracted foreign inflows in April, key emerging markets including India, Brazil, and South Korea saw heavy outflows, indicating a broader risk-off sentiment. Despite the turbulence, experts like VK Vijayakumar of Geojit Investments believe India could still attract foreign investments in the medium term, thanks to its resilient economy and projected 6% growth in FY26. For non-Indian companies, these developments underline the interconnectedness of global markets and the sensitivity of capital flows to geopolitical events. India’s long-term fundamentals remain strong, and companies looking to enter or expand in India should monitor these macro trends while preparing for medium-term recovery in investor confidence.
小編點評：外國投資者（FPI）在2025年4月迄今已從印度股市撤出 ₹32,121 億盧比，受全球市場波動、美國加徵關稅與主要央行緊縮政策所影響。儘管3月下旬短暫回流，2025年累積資金外流已達 ₹1,48,695 億盧比。分析師仍對印度中期前景抱持審慎樂觀，預期2026財年經濟增長可達6%。值得注意的是，台灣在4月仍吸引資金流入，反映出全球市場風險偏好下降下的區域差異。
The Circle FC Leads Indian Deep-Tech Delegation to Taiwan’s SCSE 2025, Forges Global Partnerships
The Circle FC 領軍印度深科技新創赴台參加 SCSE 2025，深化全球夥伴關係
The Circle Founders Club (The Circle FC), a leading cross-border startup accelerator, led a high-impact delegation of eight Indian deep-tech startups to the Smart City Summit & Expo (SCSE) 2025 in Taipei. As the official accelerator partner of the event, The Circle FC played a critical role in facilitating global exposure for Indian startups focused on AI, sustainability, mobility, and frontier technologies. With participation from 59 countries and Taiwan unveiling its ambitious “Smart Nation 2.0” initiative, the summit provided Indian founders with a powerful platform to engage with international investors, government leaders, and corporate stakeholders. Startups such as Belsterns Technologies, Jalchakra Innovations, and Flux Motors showcased their innovations during the Smart Open Mic Pitch Session, opening doors to collaborations and investments in the broader APAC region.
The Circle FC also signed a strategic MoU with the Department of Youth Affairs, Taoyuan City, enabling Indian startups to access the Taoyuan Skyline Accelerator, which offers funding up to NT$500,000 and key institutional connections. According to Nemesisa Ujjain, VP & Head of The Circle FC, the initiative represents a significant leap in linking India’s deep-tech talent with Taiwan’s advanced R&D and manufacturing ecosystem. For non-Indian companies, this partnership signals a growing trend of bilateral collaboration and innovation exchange between India and East Asia. It presents a valuable opportunity to co-develop technologies, invest in scalable solutions, and explore joint ventures with Indian startups expanding globally.
小編點評：The Circle Founders Club（The Circle FC）率領八家印度深科技新創參加2025智慧城市展（SCSE 2025），協助這些專注於 AI、永續、智慧移動與前沿技術的新創企業獲得全球曝光機會。The Circle FC 並與桃園市青年事務局簽署合作備忘錄，讓印度新創能夠申請最高新台幣 50 萬元的資金並加入桃園 Skyline 加速器。此舉彰顯印度與台灣日益深化的創新合作，為雙邊聯合研發與風險投資開啟新契機。
Trump’s Tariff Shake-Up Boosts India’s Role in Apple and Samsung’s Global Manufacturing Strategy
川普關稅政策震撼供應鏈，印度成為蘋果與三星製造戰略關鍵
The U.S.’s newly imposed reciprocal tariffs under President Donald Trump’s regime are reshaping global supply chains, with Apple and Samsung increasingly turning to India as a key smartphone manufacturing and export hub. Apple has begun exporting iPhones to the U.S. from its Indian facilities—run by Foxconn and the Tata Group—as a response to the steep 54% tariff on Chinese exports and 46% on Vietnamese goods. In comparison, Indian exports to the U.S. now face a 26% tariff, making them relatively more competitive. A senior industry executive noted that Indian factories will primarily cater to U.S. demand, while markets like Europe and Latin America may continue to be served by Chinese plants. Apple may scale up Indian operations significantly if alternate sites like Brazil or the Middle East don’t materialize.
Samsung, facing similar pressure due to its heavy reliance on Vietnam—which accounts for $55 billion in exports—is also shifting focus to India. With its Noida plant already producing flagship models like the Galaxy S25 and Fold, Samsung may temporarily increase U.S.-bound shipments from India until Vietnam negotiates better trade terms with Washington. For non-Indian companies, this shift underlines the strategic value of India in global supply chains as trade dynamics evolve. It also signals opportunities for component suppliers, logistics firms, and contract manufacturers to align with India’s rapidly growing electronics manufacturing ecosystem, which now plays a more central role in serving major Western markets.
https://www.msn.com/en-in/money/technology/make-in-india-gains-traction-as-apple-samsung-reroute-exports-to-us/ar-AA1CrXJE?ocid=finance-verthp-feeds
小編點評：美國總統川普上任後推出新的對等關稅政策，促使蘋果與三星加速將製造與出口業務轉向印度。蘋果已由富士康與塔塔集團在印度生產的 iPhone 出口至美國，避開對中國與越南分別為54%與46%的高關稅。三星則將暫時提高印度諾伊達工廠產量以出口至美國。這顯示印度在全球電子供應鏈中的戰略價值日增，也為零組件供應商、物流與代工企業帶來新機遇。
India Defers Mandatory Testing for Broadband Equipment Amid US Trade Talks
印度延後寬頻設備強制測試規定，以配合與美國貿易談判
India’s Department of Telecommunications (DoT) has deferred the mandatory security testing of broadband equipment, including Optical Network Terminals (ONTs) and Optical Line Terminals (OLTs), to September 1, 2025. The move comes as New Delhi continues trade negotiations with the U.S., which has flagged India’s telecom testing and certification norms as costly and restrictive for American companies. Until August 31, these products will fall under a voluntary security certification (VSC) regime, with administrative and security evaluation fees temporarily waived, according to a notice from the National Centre for Communication Security (NCCS). The earlier deadlines of February 2 and April 1 for mandatory certification of new and upgraded ONTs, respectively, have been rolled back to provide additional compliance time.
Starting September 1, 2025, all such telecom products must meet the Indian Telecom Security Assurance Requirements (ITSAR) under the ComSec scheme, first introduced in 2020. The certification drive covers a broad range of equipment including routers, 5G base stations, servers, and core networking gear, and is part of the Indian government’s push to strengthen digital infrastructure security and prevent substandard imports. For non-Indian companies, particularly U.S. telecom and broadband equipment manufacturers, this deferment offers a crucial window to align with India’s evolving regulatory landscape while ongoing tariff discussions could further shape market access strategies. The move also reflects India’s balancing act between enhancing cyber resilience and maintaining favorable trade relations.
小編點評：印度電信部（DoT）宣布，將原訂於 2025 年 2 月與 4 月實施的 ONT 與 OLT 等寬頻設備強制安全測試規定延至 9 月 1 日生效。在此之前，相關設備將適用自願性安全認證（VSC），且豁免行政與評估費用。此舉旨在回應美方對測試流程成本過高的關切，並為外資企業（特別是美國廠商）提供合規調整時間，展現印度在保障資安與維持貿易友好關係間的平衡。
India Launches Electronics Components Manufacturing Scheme to Deepen Local Value Chain and Attract Global Players
印度推出電子元件製造計畫，深化在地供應鏈並吸引全球業者
The Ministry of Electronics and Information Technology (MeitY) has officially notified the Electronics Components Manufacturing Scheme, signaling a major push to position India as a global leader in electronics manufacturing. Announced by Union Minister Ashwini Vaishnaw, the scheme builds on a recent Cabinet decision and focuses on the next phase of India’s electronics journey—deep component manufacturing. Highlighting the sector’s rapid progress, the Minister noted that electronics exports have grown over six-fold in the last decade, with iPhone exports alone crossing ₹1.5 lakh crore in the past financial year. The new scheme aims to further this momentum by targeting passive components such as resistors, capacitors, connectors, and sensors, while supporting related sectors like consumer electronics, medical devices, automotive, and power electronics through horizontal expansion.
The scheme will also encourage the domestic design and production of capital equipment essential to electronics manufacturing, mirroring the strategy used in the India Semiconductor Mission. With tailored incentives—including turnover-linked, capex-linked, and hybrid models—the scheme accommodates the high-investment, long-gestation nature of component manufacturing. Employment generation will be a mandatory criterion for all participants, reinforcing the government’s inclusive growth agenda. For non-Indian companies, especially global component makers and capital equipment suppliers, the scheme presents an opportunity to tap into India’s expanding electronics value chain. It also signals India’s readiness to provide a stable, incentive-driven ecosystem for global players seeking alternatives to China and Southeast Asia.
https://pib.gov.in/PressReleasePage.aspx?PRID=2120240
小編點評：印度電子與資訊技術部（MeitY）宣布啟動「電子元件製造計畫」，聚焦深層零組件如電阻器、電容器、連接器與感測器的本地製造，並橫向支援消費電子、醫療設備、汽車與電力電子等相關產業。該計畫提供營收掛鉤、資本支出掛鉤與混合式激勵，並強制要求創造就業機會。對於全球元件製造商與設備供應商而言，此計畫提供進入印度電子價值鏈的戰略機會，尤其是在尋求中國與東南亞以外替代基地之際。