“Apple set to become largest consumer of Made-In-India Semiconductor Chips to make iPhones; negotiates with Micron, Tata”, Swarajyamag, September 10, 2024:
“Apple is set to become the largest consumer of semiconductor chips in India as it plans to source supplies worth $12 billion for manufacturing iPhones in the country.
The tech giant is already in negotiations with Micron, the Tata Group and other local chip fabricators and if it succeeds, the Indian firms will have a big business opportunity on their hands.
Notably, Apple would be requiring this quantity of semiconductor chips by 2026 and till then, the iPhone maker would have shifted 26 per cent of its global manufacturing capacity to India, as per industry experts.
The defence, aviation, and automotive sectors are expected to be significant buyers of microchips, though no single company is likely to match Apple’s spending on chips manufactured in India, according to industry sources…….”
Read the full article at Swarajyamag.com
