Taiwan Accelerates Tech Investments in India as Chip and Gadget…

Sarah J · 2025-09-29T07:52:40.000Z

Taiwan is planning to double its chip and gadget sales to India over the next five to seven years, leveraging India’s booming phone export business to America—mainly Apple iPhones—which saw shipments jump 40% compared to last year. In just five months, India exported $8.43 billion worth of phones to the U.S., a trade that benefits from lower entry taxes than other goods. James C. F. Huang, former Taiwan foreign minister and current trade group leader, highlighted strong business ties at the Taiwan Expo trade show, predicting that trade and investment with India can double within the next few years. Taiwanese companies have already invested about $5 billion in Indian factories, with notable projects like the $11 billion Tata Electronics-Powerchip Semiconductor partnership for India’s first smart chip factory and Foxconn’s $1.5 billion commitment, reflecting a shift of operations from China to India to avoid trade taxes. Despite higher U.S. tariffs on Indian goods, Huang believes Taiwan-India trade will remain strong due to India’s vast consumer market and new opportunities in chemicals, textiles, and electronics. Taiwanese firms are increasing imports of parts, building local supply networks, and integrating deeper into the Indian economy. In 2024 alone, Taiwan sold over $10 billion in goods to India—mostly chips, electronics, and machinery—a sharp rise from just $4 billion five years ago

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Taiwan Accelerates Tech Investments in India as Chip and Gadget… | SEINET