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[UPDATE] India wants Samsung to build a semiconductor plant locally
Update: April 07, 2022
Recently, Samsung Electronics Vietnam and the Da Nong government had a meeting and the former asked for investment. The company’s investment in Vietnam reached US $1.8 billion at the end of last year. The company is currently the largest foreign investor in Vietnam and has six plants and R&D centers there.
According to industry sources, Samsung Electronics’ new plants in Da Nang and Tamil Nadu are not currently available as the company is investing in large plants in Pyeongtaek, Taylor, South Korea, and Texas. Samsung Electronics said that everything was still in the air as per the requests of Da Nang and Tamil Nadu.
April 05, 2022
According to a recent report by Korean Media, the Indian government has requested Samsung Electronics to build a semiconductor factory in India. India plans to attract semiconductor giants with subsidies to expand semiconductor production.
As per the Indian media reports, the Chief Minister of Tamil Nadu M.K. Stalin made the request to Samsung Electronics. The Indian government prepared a US$10 billion incentive plan in 2021 to promote semiconductor production.
The semiconductor consumption in India is expected to grow from US$21 billion in 2019 to US$400 billion in 2025, according to the KOTRA Mumbai Trade Center and the India Electronics and Semiconductor Association (IESA).
India lacks semiconductor production capacities. The Indian semiconductor design market expanded from US $14.5 billion in 2015 to US $52.6 billion in 2020, but the nation does not have enough factories to produce chips.
Samsung Electronics entered India in 1995. The Korean tech giant is producing home appliances in India, including QLED TVs, The Frame, and refrigerators.
However, there is no Samsung semiconductor plant in India. Semiconductor factories are established with customers in mind. In this respect, India does not have advantages over the United States or China.
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Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.
Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.
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Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.
Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.
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In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
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Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
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The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.