Reuters, September 26: Taiwan is seeking to double its chip and electronic product exports to India within the next 5-7 years. In the first five months of the fiscal year 2025-26, India's smartphone exports to the US increased by 40% year-on-year, reaching 8.43 billion USD. Driven by a surge in India's smartphone exports to the US, Taiwan's exports and investments to India also rose significantly during the same period. It is reported that in 2024, Taiwan's exports to India exceeded 10 billion USD, mainly consisting of chips, electronic components, and machinery, which is a significant increase compared to the 4 billion USD export volume five years ago. At the same time, considering that India's exports of smartphones to the US still enjoy exemptions and do not need to worry about the punitive tariffs imposed by Trump on India, this makes it more attractive for Taiwanese businesses to strengthen economic and trade relations with India. So far, major Taiwanese companies have invested approximately 5 billion USD in Indian manufacturing. In 2024, Powerchip Semiconductor partnered with Tata Electronics to invest 11 billion USD in building India's first artificial intelligence chip factory. Foxconn announced in 2025 an investment of 1.5 billion USD in its Indian subsidiary, transferring more production out of mainland China. James C. F. Huang, Chairman of the Taiwan External Trade Development Council, stated that the US imposing additional tariffs on India would not affect the economic cooperation between Taiwan and India. Taiwan will assist India in building a local supply chain through trade and investment.
Original: www.toutiao.com/article/1844440227537923/
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