India is preparing to roll out a new set of incentives worth up to US$5 billion, aiming to encourage companies to manufacture electronic components domestically. Designed by India’s electronics ministry, this initiative targets the production of parts for various gadgets, ranging from mobile phones to laptops. This move is part of India’s broader strategy to strengthen its electronics industry and reduce dependency on Chinese imports.

Although demand visibility in the microcontroller unit (MCU) market is currently low, MCU players like Padauk Technology believe there will be opportunities for growth in 2025, driven by products that change the cost structure and new technologies.

Nvidia’s next-gen Blackwell chips, launched in November, are gearing up for a production surge starting in early 2025. Strong demand for Hopper and GB200 models has already outstripped supply, signaling unprecedented market appetite. Reuters notes Nvidia expects Blackwell sales to surpass initial projections.