Despite a decline in demand for devices like smartwatches in the first half of the year, Samsung remains hopeful that new products and marketing strategies will drive a turnaround in wearable device sales.

Amidst India’s aspirations to build a local semiconductor supply chain, a significant step forward has been taken. The government of Assam has signed a land-leasing agreement with the Tata Group, expediting the process of establishing a semiconductor facility in the region.

By the end of the first quarter of 2024, Dutch semiconductor equipment giant ASML had a backlog of orders totaling EUR 38 billion (US$ 41.4 billion). This means that ASML needs EUR 4-6 billion in new orders each quarter to meet the upper limit of its projected 2025 sales, which are expected to reach between EUR 30-40 billion.

Acer made a bold move by partnering with India-based Indkal Technologies to re-enter the smartphone market. Acer’s strategic focus is on harnessing India’s potential rather than solely concentrating on the highly competitive smartphone market.